346 12th, San Miguel, CA 93451
Local realty services provided by:Better Homes and Gardens Real Estate Champions
346 12th,San Miguel, CA 93451
$599,000
- - Beds
- 2 Baths
- 1,388 sq. ft.
- Multi-family
- Active
Listed by: karlie montgomery
Office: luxton real estate805-391-0241
MLS#:NS26006970
Source:CRMLS
Price summary
- Price:$599,000
- Price per sq. ft.:$431.56
About this home
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....
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Home facts
- Year built:1942
- Listing ID #:NS26006970
- Added:143 day(s) ago
- Updated:June 07, 2026 at 10:39 AM
Rooms and interior
- Total bathrooms:2
- Flooring:Vinyl
- Living area:1,388 sq. ft.
Heating and cooling
- Cooling:Ductless Air
- Heating:Ductless
Structure and exterior
- Roof:Concrete
- Year built:1942
- Building area:1,388 sq. ft.
- Lot area:0.12 Acres
- Lot Features:Front Yard
- Foundation Description:Slab
- Levels:1 Story
Utilities
- Water:Public, Water Connected
- Sewer:Public Sewer, Sewer Connected
Finances and disclosures
- Price:$599,000
- Price per sq. ft.:$431.56
Features and amenities
- Amenities:All Bedrooms Down
Parking
- Total parking spaces:1
- Parking description:Driveway
- Garage:Yes
- Garage spaces:1
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