255 Channing Way

For Sale

255 Channing Way, San Rafael, CA 94903

This San Rafael property for sale is located at 255 Channing Way. The current listed sale price for 255 Channing Way is $6,000,000. 255 Channing Way is situated on a lot that is 0.71 acre in size.

Contacts

broker

Michael Johnston

HomeServices of America

Property Details

  • Property Type Multi-Family
  • Property Size 13,300 SF
  • Units 14
  • Lot Size 0.71 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 2
  • Property Tenancy Multi-Tenant
  • Year Built 1965
  • Date Updated Sep 13, 2024
Nestled in a quiet, residential neighborhood, the subject property offers easy access to nearby amenities, including shopping centers, restaurants, and parks. The area is known for its scenic views and tranquil surroundings, providing a peaceful environment for residents. The property benefits from its proximity to major highways, making commuting to San Francisco and other nearby cities convenient. Public transportation options are also readily available, adding to the ease of getting around. Residents of 255 Channing Way enjoy a community-oriented atmosphere with access to top-rated schools and local recreational facilities. The neighborhood is ideal for families and professionals looking for a balance between suburban living and urban convenience.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.

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Highlights

  • Rare Fourteen Unit Property in San Rafael, CA
  • Unrivaled Views, Spacious Units with Lots of Sunlight
  • Meticulously Maintained with Significant Capital Invested
  • Remodeled Units with New Floors, Updated Kitchens, New Appliances
  • Solid Historic Occupancy and High Rent Demand
  • Low Expense Building, Separately Metered PG&E, Partial RUBs in Place
  • Ideal Location in Highly Desirable Quiet, Upscale Neighborhood

Getting around

  • 36/100

    Walk Score ®

  • 39/100

    Transit Score ®

  • 15/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City San Rafael, CA
  • Zip Code 94903
  • Market San Francisco

Points of Interest

  • Marin Civic Center

    0.56 miles

  • Larkspur

    4.44 miles

  • Novato Downtown

    6.87 miles

  • Gateway Gas

    0.50 miles

  • 76

    0.52 miles

  • ChargePoint

    0.76 miles

  • Northgate Gas / Marin Smog

    0.98 miles

  • 76

    1.66 miles

  • Shell

    2.45 miles

  • Redhill 76 Circle K

    2.57 miles

  • MCE Solar Charge

    2.57 miles

  • Chevron

    2.60 miles

  • Arco

    2.63 miles

  • Smith Ranch Park And Ride

    0.74 miles

  • Las Gallinas Valley

    1.50 miles

  • Lincoln Park And Ride

    1.51 miles

  • MISSION AVE Park and Ride

    2.56 miles

  • Hetherton Park And Ride

    2.71 miles

  • Alameda Del Prado Park And Ride

    2.73 miles

  • Fairfax Parkade

    3.25 miles

  • Golden Gate Ferry Parking

    4.59 miles

  • Golden Gate Ferry Parking

    4.68 miles

  • Pacheco's Pond

    4.77 miles

  • Embassy Suites San Rafael - Marin County

    0.37 miles

  • Four Points by Sheraton

    0.40 miles

  • Panama Hotel

    2.88 miles

  • Gerstle Park Inn

    3.08 miles

  • Marinwood Inn & Suites

    3.36 miles

  • Motel 6

    3.44 miles

  • Courtyard by Marriott Novato Marin/Sonoma

    3.65 miles

  • Inn Marin And Suites, Ascend Hotel Collection

    4.25 miles

  • Courtyard by Marriott San Francisco Larkspur Landing/Marin County

    4.46 miles

  • Extended Stay America

    4.86 miles

  • Macy's

    0.53 miles

  • Northgate Mall

    0.63 miles

  • Kohl's

    0.66 miles

  • Safeway

    0.68 miles

  • Scotty's Market

    1.34 miles

  • Marinwood Market

    1.62 miles

  • Andy's Sun Valley Market

    1.98 miles

  • United Market

    2.43 miles

  • Lotus Chaat and Spices

    2.45 miles

  • Safeway

    2.51 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Michael Johnston

HomeServices of America