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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.
Property Type(s):
Single Family
| Last Updated | 2/1/2026 | Year Built | 1942 |
|---|---|---|---|
| Community | SMIG - San Miguel | Garage Spaces | 2.0 |
| County | San Luis Obispo |
Price History
| Prior to Feb 1, '26 | $649,000 |
|---|---|
| Feb 1, '26 - Today | $619,000 |
Additional Details
| AIR | Ductless |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | SMIG - San Miguel |
| GARAGE | Yes |
| HEAT | Ductless |
| LOT | 5227 sq ft |
| LOT DESCRIPTION | Back Yard |
| LOT DIMENSIONS | 5227 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| UTILITIES | Electricity Connected, Sewer Connected, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with Luxton Real Estate
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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