255 Channing Way

255 Channing Way, San Rafael, CA 94903

Property Information

  • For Sale $6,000,000
  • Property Type Multi-Family
  • Property Size 13,300 SF
  • Units 14
  • Lot Size 0.71 Acre
  • Parking Spaces Avail. 2
  • Property Tenancy Multi-Tenant
  • Year Built 1965
  • Date Updated Jan 23, 2025

Description

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.

Highlights

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

Contacts

Michael Johnston

HomeServices of America

Location

Contact Listing Broker
Michael Johnston

HomeServices of America

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