1346 Morro, San Luis Obispo, CA 93401

• 3,110 sqft

Property Description

This rare downtown offering includes a 1925 Craftsman bungalow plus two separate one-bed/one-bath units, all located just two blocks from the heart of San Luis Obispo and next door to Mitchell Park. Positioned on the corner of Morro and Pismo Streets, this property blends historic character, income-producing flexibility, and exceptional walkability. The main house (1,582 sq ft) features a deep front porch, tall ceilings, and expansive original windows that fill the home with natural light. The generous living room includes a fireplace and classic Craftsman detailing. Two large front bedrooms share a Jack-and-Jill bath, while the formal dining room can serve as a third bedroom or flex space. A smaller fourth bedroom sits at the rear of the home alongside a laundry area and ¼ bath. With a newer roof and preserved period elements throughout, the home offers excellent potential for restoration and enhancement of a true century-old Craftsman. Behind the main residence are two well-designed one-bed/one-bath units, each approximately 792 sq ft and each including a kitchen, living area, bedroom, and full bath. The upper unit features a new deck with stairs leading to a private backyard space; the lower unit enjoys direct yard access as well. These units provide strong rental income or ideal guest accommodations. The location is unmatched—walk to downtown restaurants, cafés, wine bars, boutique shops, Mission Plaza, the Thursday night Farmers’ Market, SLO Rep, Fremont Theater, the Museum of Art, and multiple hiking and biking trails. Mitchell Park, located directly next door, offers open lawn areas, playgrounds, and community events. Whether you plan to live in the main home and rent the back units, operate the property as a multi-unit investment, or restore a classic 1920s Craftsman in one of SLO’s most desirable neighborhoods, this property delivers historic charm, versatility, and prime downtown access.

Listing Status:

Active

Date Added:

November 24, 2025 at 06:00AM

Listing Office:

Home & Ranch Sotheby's Intl : 805-434-9700

Listing Agent:

Ian Chandler : 530 545-9561

MLS ID:

NS25263054

Interior

• General: High CeilingsBedroom on Main LevelJack and Jill Bath
• Appliances: Gas Range
• Laundry: See Remarks
• Flooring: Wood
• A/C: None
• Heating: Wall Furnace
• Fireplace: Living RoomFireplace

Exterior

• General: None
• Style: BungalowCraftsman
• Pool: None
• Parking: DrivewayGarageOn StreetParking spaces: 2

Construction

• Roofing: Composition
• Windows: Wood Frames
• General: 2RaisedSlab

Location

• Road/Access: City Street
• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRM
• County: San Luis Obispo

Lot

• Zoning: R-3-H002442017
• View: NeighborhoodView
• Fencing: Wood

Utilities

• Utilities: Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM

This listing courtesy of Ian Chandler, Home & Ranch Sotheby's Intl