346 12th, San Miguel, CA 93451
346 12th, San Miguel, CA 93451
346 12th, San Miguel, CA 93451
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Elite Real Estate Group

Elite Real Estate Group

$599,000
Est. payment /mo
5,227 Sqft Lot
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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

MLS Listing ID NS26006970

Construction Status Turnkey

HOA Y/N No

Year Built 1942

Lot Size 5,227 Sqft

Property Sub-Type Single Family Residence

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 your agent for details, updated financials, or to tour this exceptional property.

Location

State CA

County San Luis Obispo

Area Smig - San Miguel

Interior

Interior Features All Bedrooms Down

Heating Ductless

Cooling Ductless

Flooring Vinyl

Fireplaces Type None

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Parking Features Driveway

Garage Spaces 1.0

Garage Description 1.0

Fence Average Condition

Pool None

Community Features Rural

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Concrete

Total Parking Spaces 1

Private Pool No

Building

Lot Description Front Yard

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 021281022

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

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Listed by Karlie Montgomery Luxton Real Estate 805-391-0241, DRE #01905914

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Elite Real Estate Group

Elite Real Estate Group

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346 12th