$5,600,000

255 Channing Way San Rafael, CA 94903

Smith Ranch Neighborhood

Estimated payment $36,796/month

Total Views 7,016
28 Beds
-- Bath
13,300 Sq Ft
$421 Price per Sq Ft

Highlights

  • 0.7 Acre Lot
  • Mary E. Silveira Elementary School Rated A-
  • Mountain View

About This Home

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.

Listing Agent

Michael Johnston

Berkshire Hathaway Drysdale Pr License #01370461

Berkshire Hathaway Drysdale Pr

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 0.7 Acre Lot

Property Views

  • Mountain
  • Hills

Interior Spaces

  • 13,300 Sq Ft Home
  • 2-Story Property

Parking

  • 20 Parking Spaces
  • 20 Carport Spaces

Community Details

  • 14 Units

Listing and Financial Details

  • Assessor Parcel Number 155-092-20

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Stories: 2
  • Year Built: 1965
  • Special Features: None

Interior Features

  • Laundry Features: Varies By Unit
  • Price Per Square Foot: 421.05
  • Square Footage: 13300.00

Exterior Features

  • View: Hills, Mountains

Garage/Parking

  • Carport Spaces: 20.00
  • Parking Features: Carport
  • Total Parking Spaces: 20.00

Utilities

  • Cooling: None
  • Heating: Individual
  • Sewer: None
  • Water Source: None

Fee Information

  • Utilities Expenses: 32081

Lot Info

  • Assessor Parcel Number: 155-092-20
  • Lot Features: None
  • Lot Size Acres: 0.7013
  • Lot Size Sq Ft: 30549.00
  • Lot Size Units: Acres
  • Price Per Acre: 7985170.40

Building Info

  • Number of Units Total: 14

Multi Family

  • Two Bedroom Rent Range: 2510-3100
  • Gross Income Multiplier: 11.700
  • Number Of2 Bedrooms Occupied: 13
  • Number of 2 Bedroom Units: 14

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 For Sale $5,600,000 0.0% $421 / Sq Ft
03/31/2025 03/31/25 Off Market $5,600,000 -- --
01/16/2025 01/16/25 Price Changed $5,600,000 -6.7% $421 / Sq Ft
09/13/2024 09/13/24 For Sale $6,000,000 0.0% $451 / Sq Ft
08/06/2024 08/06/24 Price Changed $3,100 +6.9% $3 / Sq Ft
06/20/2024 06/20/24 For Rent $2,900 -- --
Source: San Francisco Association of REALTORS® MLS

Source: San Francisco Association of REALTORS® MLS

MLS Number: 324073256

San Francisco Association of REALTORS® MLS

APN: 155-092-20

California Marin County San Rafael 94903 Smith Ranch

255 Channing Way, San Rafael, CA

Homes for Sale in San Rafael, CA

This home is located at 255 Channing Way, San Rafael, CA 94903 and is currently priced at $5,600,000, approximately $421 per square foot. This property was built in 1965. 255 Channing Way is a home located in Marin County with nearby schools including Mary E. Silveira Elementary School, Miller Creek Middle School, and Terra Linda High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

San Francisco Association of REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Listing Agent
Michael Johnston
Section Image
Berkshire Hathaway Drysdale Pr
(628) 288-2049