Sold for $4,700,000 on 06/25/25
$4,700,000
255 Channing Way, San Rafael, CA 94903
28beds
13,300sqft
Multi Family
Built in 1965
-- sqft lot
$4,526,300 Zestimate®
$353/sqft
$2,313 Estimated rent
Home value
$4,526,300
$4.07M - $5.02M
$2,313/mo
Zestimate® history
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Owner options
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What's special
This 14-unit apartment building offers a turn key investment opportunity in a sought-after area. The property has been well-maintained and features recently remodeled units, including new floors, updated kitchens, and modern appliances. Each apartment is spacious, with plenty of natural light throughout. The building benefits from a history of strong occupancy rates and high rental demand, providing steady income potential. Additionally, it has been optimized for low operating costs with separate PG&E meters and a partial Ratio Utility Billing System (RUBS) in place. Ideal for investors, this property offers long-term stability and an attractive return on investment due to its solid rental market and low expenses.
Zillow last checked: 8 hours ago
Listing updated: July 01, 2025 at 12:58pm
Listed by:
Michael B. Johnston DRE #01370461 415-794-6453,
Berkshire Hathaway Drysdale Pr 415-655-9007
Bought with:
Michael J. Burke, DRE #00454938
Golden Gate Sotheby's
Source: SFAR,MLS#: 324073256
Originating MLS: San Francisco Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 28
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Individual
Cooling
- None
Interior area
- Total structure area: 13,300
- Total interior livable area: 13,300 sqft
Property
Parking
- Total spaces: 20
- Parking features: Carport
- Carport spaces: 20
Features
- Stories: 2
- Has view: Yes
- View description: Mountain(s), Hills
Lot
- Size: 0.70 Acres
- Features: None
Details
- Parcel number: 15509220
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1965
Utilities & green energy
- Sewer: None
- Water: None
Community & neighborhood
Location
- Region: San Rafael
HOA & financial
HOA
- Has HOA: No
Other financial information
- Total actual rent: 5800
Price history
| Date | Event | Price |
|---|---|---|
| 8/21/2025 | Listing removed | $3,195 |
Source: Zillow Rentals Report a problem | ||
| 8/17/2025 | Listed for rent | $3,195 |
Source: Zillow Rentals Report a problem | ||
| 6/25/2025 | Sold | $4,700,000-16.1%$353/sqft |
Source: | ||
| 6/12/2025 | Pending sale | $5,600,000$421/sqft |
Source: | ||
| 1/16/2025 | Price change | $5,600,000-6.7%$421/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Neighborhood: North San Rafael Commercial Center
Nearby schools
GreatSchools rating
- 6/10Mary E. Silveira Elementary SchoolGrades: K-5Distance: 2 mi
- 7/10Miller Creek Middle SchoolGrades: 6-8Distance: 1.6 mi
- 9/10Terra Linda High SchoolGrades: 9-12Distance: 1.2 mi



