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346 12th, San Miguel, CA 93451

$579,000 Approx. USD 3 beds, 2 baths
1,388 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Karlie Montgomery | karliemont@yahoo.com
Lic#: 01905914
Broker: Courtesy of Luxton Real Estate
Phone: 805-391-0241

Agent Remarks

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.

Listing Details

Property type: Single Family Residence (Single Family)

Status: Active

MLS# NS26009747

List price is $579,000 Reduced by $20,000 on 9/3/2026

Price: $579,000

HOA Fee is $0.00

Beds: 3

Baths: 2 (2 full)

None fireplaces

Built in 1942

1,388 sqft

1 story

0.12 acres

Lot size: 0.1200

County: San Luis Obispo

Interior features: All Bedrooms Down

Lot description: Back Yard

Heating/cooling: Ductless

Heating description: Ductless

MLS area: SMIG - San Miguel

Last Updated: 9/3/2026

Days On Market (DOM): 300

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This listing belongs to the SMIG - San Miguel MLS area

Lat/Long: 35.750063, -120.697400.
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Source: CRM. Also Available in NS26006970,

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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