347 Branch Street, San Luis Obispo, CA 93401
347 Branch Street, San Luis Obispo, CA 93401
347 Branch Street, San Luis Obispo, CA 93401
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Listed by Graham Updegrove • California Coastal Real Estate
$1,450,000
Est. payment /mo
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5 Beds
4 Baths
2,612 SqFt
Active Under Contract

347 Branch Street San Luis Obispo, CA 93401

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Glenn Dormer

Glenn Dormer

+1(805) 660-0739

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,612 sqft

Price per Sqft $555

MLS Listing ID SC-26196124

Style Spanish

Bedrooms 5

Full Baths 3

Half Baths 1

Year Built 1929

Lot Size 10,420 Sqft

Property Sub-Type Triplex

Source California Regional Multiple Listing Service (CRMLS)

Property Description

Unlock the potential of this well-located triplex near downtown San Luis Obispo offering an attractive combination of historic character, R-2 zoning and rental income. Whether you're looking to expand your investment portfolio or pursue a house-hack strategy, this three-unit property provides multiple opportunities for an owner-occupant or investor. The front residence is a charming Mission-style 3-bedroom, 1.5-bath home, built in 1929 and offering ±1,460 square feet of living space. Enjoy the fenced front yard, mature landscaping and porch under a large redwood tree. Architectural character includes distinctive arched windows and doorways, while the spacious bedrooms, open kitchen, and indoor laundry add everyday functionality. At the rear of the property is a single-story duplex, built in 1942, with ±1,152 square feet of combined living space. Each unit features 1 bedroom and 1 full bathroom, along with its own private yard and washer/dryer hookups. Each unit comes with access to a shed, plus an additional large shed currently reserved for the owners tools and landscaping equipment. Unit A and Unit B are available for immediate move in, providing flexibility for a buyer, while Unit C is leased for $2,000 per month. There are separate gas and electric meters for each unit, with two water meters; one for the front house and one for the duplex. Ideally situated near downtown San Luis Obispo, freeway access, shopping, dining, and commercial services, this triplex offers a compelling opportunity to own a multi-family property in one of the Central Coast's most desirable communities.

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Interior

Interior Features Corian Counters

Heating Wall Furnace, Forced Air

Cooling None

Flooring Vinyl, Tile, Wood

Fireplaces Type None

Inclusions Personal Property NOT owned by Tenants

Laundry Dryer Included, Washer Included

Exterior

Parking Features Driveway

Pool None

Community Features Gutters, Hiking, Sidewalks, Street Lights

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

View Y/N Yes

View Mountain(s)

Building

Lot Description Level with Street

Sewer Public Sewer

Others

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Glenn Dormer

Glenn Dormer

Managing Partner License ID: 01268924

+1(805) 660-0739

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347 Branch Street