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About This Home
This 3-bedroom, 2-bathroom single family at 346 12th in San Miguel, CA is listed for $599,000 ($432 per sqft). Built in 1942, the home offers 1,388 sqft of living space on a 0.12 acres lot.
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.
Key Features
- Built in 1942
- 0.12 acre lot
- 1 parking spaces
Property Details
Monthly Cost Estimate
$3,204/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
346 12th
San Miguel, CA 93451
Other (OTHR)
Features & Amenities
Exterior Features
Property Details
Flooring
Parking
Heating
Cooling
Questions & Answers
This 3-bedroom, 2-bathroom single family at 346 12th is listed at $599,000 ($432/sqft). The estimated monthly payment is $2,596 based on 20% down at 6.5% interest.
Key features include: Built in 1942, 0.12 acre lot, 1 parking spaces. Exterior Features: Fence, Community Features Included: Rural, Front Yard.
This property is listed by Karlie Montgomery and can be reached at 8053910241 or karliemont@yahoo.com.
