Property Overview:
117-119 Altena St is a multi-family duplex in San Rafael, CA, built in 1966. It features 4 bedrooms, 2 bathrooms, and 2,080 sq. ft. of living space (each unit approx. 1,035 sq. ft.). The property includes a parking garage, on-site parking, and bay views. Not on the market in over 30 years. Owners prefer to sell with contiguous parcel (MLS #21507672), also a duplex, for $670,000.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 6.1% (lower than state average of 11.8%).
- Property crime risk: 9.2% (lower than state average of 10.8%).
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Schools:
Nearby schools include Bahia Vista Elementary, Madrone High Continuation, and James B. Davidson Middle.- Average SAT score: 1078 (540 Math, 538 English)—above state average of 975.
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Job Market:
- 64.7% white-collar jobs, 35.3% blue-collar jobs.
- Unemployment rate: 3.4% (lower than state average of 4.7%).
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Demographics:
- Community population: 38,300 (8% growth since 2000).
- 58% families with children.
- Largest age group: 25-34 years (16.14%); second largest: 35-44 years (15.1%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 54.3°F (January), 73.7°F (July).
- Average rainfall: 16.2 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $82,044.
- Average annual spending: $59,514.
Property Features:
- Two large 2-bedroom, 1-bath units with open floorplans (~1,035 sq. ft. each).
- Updated kitchens:
- Quartz countertops, spacious islands (seating for four), ample cabinetry, stainless steel appliances, subway tile backsplashes.
- Living/Dining:
- Combination spaces with brick fireplaces in each unit.
- Top unit:
- Midcentury flair, beamed ceilings, spectacular water view.
- White-washed wide plank flooring, specialized acrylic window inserts for quiet living.
- New ductless mini-split system for heat & A/C.
- Large private deck off primary bedroom.
- Lower unit:
- Ground floor, private patio, breezeway to side yard.
- Fully fenced yard with three large storage sheds.
- Parking: Garage and ample on-site parking.
- Long-term tenants on month-to-month leases; rents are low with upside potential.
Location Benefits:
- Bay views and quiet residential setting.
- Strong rental upside and investment potential.
- Convenient to schools, jobs, and amenities.
- Flexible use: Live in one unit, rent the other, or invest in both parcels for expanded opportunity.