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TWO FULLY DETACHED HOMES ON ONE LOT in the heart of downtown Santa Margarita! This unique property delivers incredible flexibility for an owner-user, investor, multi-generational living setup, or anyone looking for additional rental income"”all just minutes from San Luis Obispo. The front home features two bedrooms, an open living area flowing into the kitchen with breakfast bar, and upstairs bedrooms with access to multiple private decks. A long driveway provides generous off-street parking, and the home has its own laundry and air conditioning. Completely separate from the front residence, the rear home enjoys its own private entrance, driveway and carport with convenient alley access. The kitchen opens to the living area, while upstairs you'll find three bedrooms, each with its own deck. The rear home also features its own laundry and air conditioning. The fully gated property is filled with inviting outdoor spaces, including beautifully maintained landscaping, multiple patios, decks and storage sheds"”creating plenty of room to entertain, relax and enjoy the Central Coast lifestyle. With two independent homes, separate access and no shared interior connection, the possibilities are exceptional: live in one and rent the other, create a dedicated space for extended family, or take advantage of the property's income potential. Located just blocks from Santa Margarita Elementary, the library, local market, restaurants, wine tasting rooms and everything that makes downtown Santa Margarita special"”all while being approximately 15 minutes from San Luis Obispo. Two homes, one property, endless possibilities.
Property Type(s):
Single Family
| Last Updated | 9/7/2026 | Tract | Santa Margarita In Town(70) |
|---|---|---|---|
| Year Built | 1981 | Community | SMRG - Santa Margarita |
| County | San Luis Obispo |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Range, Gas Range, Washer |
| AREA | SMRG - Santa Margarita |
| CONSTRUCTION | Stucco |
| EXTERIOR | Balcony |
| HEAT | Forced Air |
| INTERIOR | Beamed Ceilings, Breakfast Bar, Ceiling Fan(s), High Ceilings, Track Lighting |
| LOT | 7501 sq ft |
| LOT DIMENSIONS | 48x147x49 |
| PARKING | Attached Carport, Carport, Driveway, Oversized, Paved |
| POOL DESCRIPTION | None |
| SEWER | Septic Tank |
| STORIES | 2 |
| STYLE | Craftsman |
| SUBDIVISION | Santa Margarita In Town(70) |
| UTILITIES | Electricity Connected |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood, Trees/Woods |
| WATER | Public |
| WATERFRONT DESCRIPTION | Lake |
Location
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Listed with Comet Realty
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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