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.
For sale
$5,600,000
255 Channing Way, San Rafael, CA 94903
28beds
13,300sqft
Est.:
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$421/sqft
$-- HOA
What's special
Recently remodeled unitsNew floorsUpdated kitchensPlenty of natural lightModern appliances
- 239 days
- on Zillow |
- 164 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: April 01, 2025 at 12:58pm
Listed by:
Michael B. Johnston DRE #01370461 415-794-6453,
Berkshire Hathaway Drysdale Pr 415-655-9007
Source: SFAR,MLS#: 324073256
Originating MLS: San Francisco Association of REALTORS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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: 0.7 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 & HOA
HOA
- Has HOA: No
Location
- Region: San Rafael
- Elevation: 0
Financial & listing details
- Price per square foot: $421/sqft
- Price range: $5.6M - $5.6M
- Date on market: 9/13/2024
- Total actual rent: 5800
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