346 12th, San Miguel, CA 93451

• 3 beds |
• 2 baths |
• 1,388 sqft

Property 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 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 Status:

Active

Date Added:

January 14, 2026

Data Last Updated:

July 27, 2026 at 7:18AM

Listing Office:

Luxton Real Estate : 805-391-0241

Listing Agent:

Karlie Montgomery : 805-391-0241

MLS ID:

NS26009747

Interior

• General: All Bedrooms Down
• Laundry: Laundry Room
• Flooring: Vinyl
• A/C: Ductless
• Heating: Ductless
• Fireplace: None

Exterior

• General: None
• Other Structures: None
• Pool: None
• Parking: Parking spaces: 2

Construction

• General: 1

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRM
• School District: Paso Robles Joint Unified
• County: San Luis Obispo

Lot

• Zoning: 021281022
• View: None

Utilities

• Utilities: Electricity ConnectedSewer ConnectedWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM