255 Channing Way

San Rafael, CA 94903

$4,700,000
Last Sold Price
28
Beds
13,300 Sq. Ft.
$353 / Sq. Ft.
13,300
Sq. Ft.
$353
per Sq. Ft.
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Closed 6/25/25
Closed 6/25/25

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...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.
  1. Listed by Michael B Johnston • DRE #01370461 • Berkshire Hathaway Drysdale Properties
    P: (415)-794-6453 C: (415)-794-6453 mike@johnstoncre.com

Property Details for 255 Channing Way

Directions to Property
Top of hill off Professional Center Pkwy.
Parking Features
Carport
View Description
Mountain(s), Hills
Cross Street
Professional Center Pkwy
Total Parking Spaces
20
LISTING UPDATED: 07/01/2025 12:58 PM

Property Details for 255 Channing Way

StatusClosed
MLS #324073256
Days on Compass261
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Family
Year Built1965
Lot Size0.70 AC / 30,549 SF
CountyMarin County
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Location

Listing Courtesy of Berkshire Hathaway Drysdale Properties, Michael B Johnston, DRE #01370461

Sold By Golden Gate Sotheby's International Realty, Michael J Burke, DRE #00454938

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Building Information for 255 Channing Way

Stories2Residences14Year Built1965Building Size-Lot Size0.70 AC / 30,549 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$28,066 per month

30 year fixed, 6.46% Interest

Principal and Interest

$23,667

Property Taxes

$4,399

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 255 Channing Way

Summary
Location and General Information
  • Coordinates: -122.535803, 38.0092735
  • Latitude: 38.0092735
  • Longitude: -122.535803
  • Area/District: San Rafael
  • Zip Plus 4: 2617
  • Location Description: San Rafael
Taxes and HOA
  • APN: 15509220
  • Association: No
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
  • Tax Tract: 0.00
Parking
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Carport Spaces: 20
  • Garage Spaces: 0
  • Tandem Parking Spaces: 0
  • Open Parking Spaces: 0
  • Num of Parking Spaces: 20.0
  • Parking: Carport
  • Carport: Yes
  • Garage: No
  • Open Parking: No
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage Source: Not Verified
  • Year Built Source: Assessor Auto-Fill
  • Lot Features: None
  • Building Area Source: Not Verified
  • Building Area Total: 13300.0
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet
  • Lot Size Area: 30549.0
  • Lot Size Units: Acres
Property and Assessments
  • Elevation: 0
  • Number Of Buildings: 1
  • Videos Change Timestamp: 07-01-2025 11:15:56 AM
Farm Information
  • Irrigation Water Rights: No
Utilities
  • Sewer: None
  • Water Source: None
Interior and Exterior Features
Exterior Features
  • # of Guest Space(s): 0
  • Stories: 2
  • Senior Community: No
  • Stories Total: 0
Interior Features
  • Heating: Individual
  • Cooling: None
  • Full Bathrooms: 2
  • # of Rooms: 8
  • Bathrooms Partial: 0
  • Cooling: No
  • Heating: Yes
Room Information
1 Bedroom Unit
  • 1 Bedroom Rent Range: 0
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • 2 Bedroom Rent Range: 2510-3100
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 13
3 Bedroom Unit
  • 3 Bedroom Rent Range: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • 4 Bedroom Rent Range: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Multi Family
Income & Expenses
  • Gross Income Multiplier: 11.7
  • Operating Expense Includes: Utilities
Multi-Family Information
  • Total # Owner Occupied: 0
  • # Studios Occupied: 0
  • # of Units: 14
  • # Of Units Vacant: 0
  • # Of Units Leased: 0
  • Total # Leasable: 0
  • Total # Section 8: 0
Unit 1
  • Unit 1 Description: 2/1
Unit 2
  • Unit 2 Description: 2/1
Agent
Sale and Listing
  • Standard Status: Closed
Rental
Rent Information
  • Existing Lease Type: Net
  • Occupant Type: Unit 1 (Tenant), Unit 2 (Tenant)
  • # Of Units Month to Month: 0
  • Commercial Rent Range: 0
  • Studio Rent Range: 0
  • Studio Annual Occupancy: .00%
  • Current Rent: $5,800.00
  • Leasable Area Units: Square Feet
  • Gross Rent Multiplier: 0.0

Property History for 255 Channing Way

DateEvent & SourcePriceAppreciation
Jun 25, 2025

Sold

RESFAR #324073256

$4,700,000—
Jun 2, 2025

Pending

RESFAR #324073256

—
Sep 13, 2024

Listed (Active)

RESFAR #324073256

$6,000,000—
DateEvent & SourcePrice
06/25/2025

Sold

RESFAR #324073256

$4,700,000
06/02/2025

Pending

RESFAR #324073256

—
09/13/2024

Listed (Active)

RESFAR #324073256

$6,000,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 255 Channing Way

Taxable ValueLand$1,318,680Additions$2,046,527Total$3,365,207
Tax Record2018$52,785 ($4,399 / month)
Home Facts
Total Finished SqFt12,124 SqFtAbove Grade Finished SqFt12,124 SqFtLot Size30,550 SqFtStyleMulti-Family Dwelling (2-4)Year Built1965Year Renovated1965CountyMARINAPN15509220

Schools near 255 Channing Way

This home is within San Rafael City High School District.
Rating
School
Type
Grades
Distance
Mary E. Silveira Elementary School
Public - K to 5
Miller Creek Middle School
Public - 6 to 8
Terra Linda High School
Public - 9 to 12
San Rafael High School
Public - 9 to 12
Rating
School
Distance
Mary E. Silveira Elementary School
PublicK to 5

Miller Creek Middle School
Public6 to 8

Terra Linda High School
Public9 to 12

San Rafael High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway Drysdale Properties, Michael B Johnston, DRE #01370461

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.