255 Channing Way
San Rafael, CA 94903
- 28 beds
- 2 baths
- 13,300 sqft
- ~3/4 acre lot
- $451 per sqft
- 1965 build
- – on site
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.
Last checked:
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Last updated Oct 14, 2024
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MLS# 324073256 —
The Building
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Year Built:1965
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Year Built Source:Assessor Auto-Fill
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Stories:2
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Building Area Total:13300
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Building Area Units:Square Feet
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Building Area Source:Not Verified
Room Dimensions
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Living Area:13300
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Living Area Units:Square Feet
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Living Area Source:Not Verified
Location
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Directions:Top of hill off Professional Center Pkwy.
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Cross Street:Professional Center Pkwy
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Latitude:38.0092735
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Longitude:-122.535803
The Property
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Parcel Number:15509220
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Property Type:Residential Income
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Property Sub Type:Multi Family
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Lot Features:None
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Lot Size Area:30549
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Lot Size Acres:0.7013
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Lot Size Square Feet:30549
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Lot Size Units:Square Feet
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View:Mountain(s)
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- No listing contact info available
Beds
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Bedrooms Total:28
Baths
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Bathrooms Total:2
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Bathrooms Full:2
Heating & Cooling
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Heating:Individual
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Heating:true
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Cooling:false
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Cooling:None
Utilities
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Sewer:None
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Water Source:None
The Community
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Association:false
Parking
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Garage:false
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Carport:true
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Carport Spaces:20
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Parking Total:20
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Parking Features:Carport
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Open Parking:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/8/24
Oct 8, 2024
|
Listed / Active | SFMLS | $6,000,000 |
