New Listing in San Rafael: Bay Views, Income Potential, and Flexible Living

Price: $1,174,990     •     Bedrooms: 4     •     Bathrooms: 2     •     Square Feet: 2,072
Click here to view the full property website with photos, details, and floor plans.

If you’ve been searching for homes for sale in San Rafael with investment potential and sweeping Bay views, 111 Altena Street offers a rare opportunity to own a versatile multi-unit property in one of Marin County’s most desirable locations.

Property Overview

Perched above San Rafael Bay, 111 Altena Street features two 2-bedroom, 1-bath units with panoramic views stretching across the Richmond-San Rafael Bridge, East Bay hills, and Mount Diablo.

Whether you're an investor looking for rental income or a buyer hoping to offset your mortgage with an additional unit, this property offers flexibility, functionality, and long-term appeal.

The lower unit is currently leased, while the upstairs unit presents an excellent owner-occupant opportunity with comfortable living spaces and incredible views throughout the day.

Interior Highlights

Each unit has its own distinct layout and thoughtful features designed for both comfort and practicality.

The lower unit includes:

• 2 bedrooms and 1 bathroom
• Dedicated laundry
• Private outdoor patio
• Dedicated parking
• A sitting area positioned to maximize the Bay views

The upstairs unit features:

• 2 bedrooms and 1 bathroom
• Cozy fireplace
• Separate dining area
• Functional kitchen
• Dedicated laundry
• Private patio
• One-car garage with storage

Large windows throughout the property help frame the surrounding scenery while bringing in natural light from morning through sunset.

Outdoor Space

The outdoor areas are designed to take full advantage of the property’s elevated setting and incredible views.

Private patios and sitting spaces create opportunities to relax, entertain, or simply enjoy the changing light over the Bay throughout the day.

With waterfront scenery and surrounding hills as the backdrop, the property offers a peaceful setting while still being close to everyday conveniences.

Location & Lifestyle

Located in San Rafael, this property combines scenic surroundings with excellent accessibility.

Commuters will appreciate the quick access to major thoroughfares connecting Marin County to San Francisco and the East Bay. Residents are also close to:

• Loch Lomond Marina
• China Camp State Park
• Bon Aire Shopping Center
• Local dining and everyday amenities

This area continues to attract buyers looking for a balance of outdoor lifestyle, convenience, and proximity to the Bay Area.

Homes for Sale in San Rafael

Buyers exploring homes for sale in San Rafael are often looking for properties that offer flexibility, views, and strong long-term value.

Multi-unit properties with income potential and desirable Marin County locations are limited, especially those with Bay views and convenient access to both outdoor recreation and commuting routes.

Homes that provide flexible living arrangements, rental income opportunities, and access to Marin’s lifestyle continue to stand out in the market.

Frequently Asked Questions About Homes in San Rafael

What types of homes are available in San Rafael?
San Rafael offers a mix of single-family homes, condos, and multi-unit investment properties throughout a variety of neighborhoods.

Is San Rafael a good place to buy investment property?
San Rafael remains attractive to many investors due to its Marin County location, commuting access, and ongoing housing demand.

Are there homes with Bay views in San Rafael?
Yes, certain hillside and waterfront-adjacent areas offer expansive views of the Bay, surrounding hills, and bridges.

What makes San Rafael appealing to buyers?
Buyers are often drawn to San Rafael’s combination of outdoor recreation, accessibility, dining, and proximity to San Francisco.

Who This Property May Appeal To

• Investors seeking rental income
• Owner-occupants wanting mortgage offset potential
• Buyers looking for multi-unit flexibility
• Buyers seeking Bay views in Marin County
• Those wanting convenient access to San Francisco and the East Bay

Flexible Acquisition Opportunity

The seller is open to discussing seller financing options for qualified buyers, potentially offering additional flexibility and a streamlined acquisition process.

Buyers should verify all details including square footage, unit mix, rental amounts, and financing terms.

Schedule a Showing

If you’d like to learn more about 111 Altena Street or schedule a private showing, reach out to EO&A. We’re here to help you explore your options and determine whether this unique San Rafael property is the right fit for your goals.

Thinking About Buying This Spring?

If you’re considering a move this year, this may be a good time to take a fresh look at your numbers.

Even small changes in rates can shift what’s possible - and understanding that early can make it easier to recognize the right opportunity when it comes along.

EO&A can help walk through updated scenarios so you can see how today’s rates and market conditions fit into your plans.

Contact EO&A today to schedule your free home value review.

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Whether you’re planning to sell in San Francisco, Marin, Napa, Sonoma, Solano, Yolo, Sacramento, Contra Costa, or Alameda County, our team has local experts ready to help you navigate your next move with confidence and strategy.


EO&A Team



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