Listing Agent: Graham Updegrove      Broker/Office: California Coastal Real Estate
347 Branch Street San Luis Obispo CA 93401
$ 1,450,000
  5   |    3 Full  1 Half   |    2612 Sq Feet

Listing ID

#SC26196124

Status

Active

Property Type

Triplex

Property Style

Spanish

County

San Luis Obispo

Neighborhood

San Luis Obispo(380)

Year Built

1929

Days on website

10

Description
Unlock the potential of this well-located triplex near downtown San Luis Obispo offering an attractive combination of historic character, R-2 zoning and rental income. Whether you're looking to expand your investment portfolio or pursue a house-hack strategy, this three-unit property provides multiple opportunities for an owner-occupant or investor. The front residence is a charming Mission-style 3-bedroom, 1.5-bath home, built in 1929 and offering ±1,460 square feet of living space. Enjoy the fenced front yard, mature landscaping and porch under a large redwood tree. Architectural character includes distinctive arched windows and doorways, while the spacious bedrooms, open kitchen, and indoor laundry add everyday functionality. At the rear of the property is a single-story duplex, built in 1942, with ±1,152 square feet of combined living space. Each unit features 1 bedroom and 1 full bathroom, along with its own private yard and washer/dryer hookups. Each unit comes with access to a shed, plus an additional large shed currently reserved for the owners tools and landscaping equipment. Unit A and Unit B are available for immediate move in, providing flexibility for a buyer, while Unit C is leased for $2,000 per month. There are separate gas and electric meters for each unit, with two water meters; one for the front house and one for the duplex. Ideally situated near downtown San Luis Obispo, freeway access, shopping, dining, and commercial services, this triplex offers a compelling opportunity to own a multi-family property in one of the Central Coast's most desirable communities.
Location
Financial Information
List Price:  $ 1450000
Property Features
Appliances:  Dishwasher, Dryer, Microwave, Washer
Community Features:  Hiking, Sidewalks
Flooring:  Tile, Vinyl, Wood
Foundation Details:  Raised
High School District:  San Luis Coastal Unified
Levels:  One
Parking Features:  Driveway
Patio And Porch Features:  Patio
Roof:  Composition
Senior Community YN:  false
Structure Type:  Triplex
View:  Neighborhood
Water Source:  Public
High School District:  San Luis Coastal Unified
MLS Area Major:  SLO - San Luis Obispo
City:  San Luis Obispo
Senior Community YN:  false
Listed By:   Graham Updegrove   California Coastal Real Estate 
CA Lic#