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Listed by Karlie Montgomery • Luxton Real Estate
$ 579,000
Est. payment | /mo
3 Beds
2 Baths
1,388 SqFt
$ 579,000
Est. payment | /mo
3 Beds
2 Baths
1,388 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,388 sqft
Price per Sqft $417
MLS Listing ID NS-26009747
Bedrooms 3
Full Baths 2
Year Built 1942
Lot Size 5,227 Sqft
Property Sub-Type Single Family Residence
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Discover this prime multifamily gem in the charming, historic town of San Miguel, California — a growing community in San Luis Obispo County, right off Highway 101 for quick access to Paso Robles (just 10 miles south), world-class wine country, and the vibrant Central Coast. Zoned residential multifamily, this well-maintained property offers two fully remodeled units totaling just under 1,400 sq ft, both updated with modern finishes and ready for new owners or tenants. The main unit is a spacious 2-bedroom, 1-bath with contemporary upgrades and a generous utility room that's perfect for conversion into a third bedroom, home office, or extra storage. The second unit is a cozy 1-bedroom, 1-bath, also beautifully refreshed. The main 2-bedroom unit becomes vacant as of February 15, giving you the perfect opportunity to customize! This duplex has a solid history of strong, reliable rents and previously delivered a gross ROI just over 8% — standout performance compared to typical Central Coast multifamily cap rates around 5-6% in recent market data. With the upcoming vacancy, envision your options: Owner-occupy the larger main unit starting mid-February and rent the second for supplemental income to make your mortgage more affordable. Or re-rent both at current market rates for maximum cash flow in this desirable area. This is your chance to own a turnkey, updated duplex in a community with strong growth potential — ideal for owner-occupants building equity with rental help, multigenerational families, or investors seeking solid income and appreciation. Schedule a private showing today to see the possibilities. Contact me for details, updated financials, or to tour this exceptional property.
Location
State CA
County San Luis Obispo
Area Smig - San Miguel
Interior
Heating Ductless
Cooling Ductless
Flooring Vinyl
Fireplaces Type None
Laundry Individual Room
Exterior
Garage Spaces 2.0
Pool None
Community Features Rural
Utilities Available Sewer Connected, Water Connected, Electricity Connected
View Y/N No
View None
Building
Lot Description Back Yard
Sewer Public Sewer