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255 Channing WAY San Rafael, CA 94903
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Key Details
Sold Price $4,700,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 13,300 sqft
Price per Sqft $353
MLS Listing ID 324073256
Sold Date 06/25/25
Bedrooms 28
Full Baths 2
HOA Y/N No
Year Built 1965
Lot Size 0.701 Acres
Acres 0.7013
Property Sub-Type Multi Family
Property Description
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.
Location
State CA
County Marin
Area San Rafael
Interior
Heating Individual
Cooling None
Fireplace No
Exterior
View Mountain(s), Hills
Total Parking Spaces 20
Building
Lot Description None
Story 2
Sewer None
Water None
New Construction No
Others
Tax ID 15509220
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