346 12th , San Miguel, CA 93451
$599,000
Est. Payment: $3,024.77/mo
3 Bed
2 Bath
0 Sqft
Status: active | Days on site: 206
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House 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 thats 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 tod

Highlights

Listed by Karlie Montgomery , 805-391-0241 Luxton Real Estate , 805-391-0241. San Diego County Multiple Listing Service mls logo

Property Type

Multi-Family

Lot/Acreage
0.12

County

San Luis Obispo

Listing ID

NS26006970

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:

Exterior Features

Zoning:Public Rec
Roof:Concrete
Principal Interest
$3,025
Taxes
$382

Home Price

$599,000

Loan Details

30 yrs
6.487%

Down Payment

20%
$119,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,024.77

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,024.77 $381.86 $0.00 $3,406.64
Yearly $36,297.29 $4,582.35 $0.00 $40,879.64
Total $1,088,918.72 $137,470.50 $0.00 $1,226,389.22

Today's Rates

30 Year

6.49%

20 Year

6.28%

15 Year

5.8%

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Market insight data is pulled from the same city as the listing being viewed (San Miguel, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-08-10T20:38:14.000Z

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