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346 12th, 
San Miguel, CA 93451

$619,000


Bed


Bath


1,388

Sq Ft


Multi-Family

Active

Listed by

Karlie Montgomery

Luxton Real Estate

805-391-0241

Last updated:

March 5, 2026, 11:30 AM

MLS#

NS26006970

Source:

CRMLS

About This Home

346 12th

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. Don’t wait — the February 15th vacancy is your window for flexibility! Schedule a private showing today to see the possibilities. Contact your agent for details, updated financials, or to tour this exceptional property. This is a rare chance to own a turnkey, income-producing duplex in a community with strong upside potential — ideal for investors seeking cash flow, appreciation, and the lifestyle of Central Coast living. Don’t miss out — schedule your showing today and secure this solid performer in a town that’s quietly thriving! Contact us for more details, financials, or to tour this exceptional property.

Home Facts

Multi-Family

Built in 1942

Price Summary

619,000

$445 per Sq. Ft.

MLS #:

NS26006970

Last Updated:

March 5, 2026, 11:30 AM

Added:

1 month(s) ago


Rooms & Interior

Interior

Living Area:

1,388 Sq. Ft.


Structure

Structure

Building Area:

1,388 Sq. Ft.

Year Built:

1942


Lot

Lot Size (Sq. Ft):

5,227


Finances & Disclosures

Finances

Price:

$619,000

Price per Sq. Ft:

$445 per Sq. Ft.

Source:CRMLS
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Coldwell Banker Best Realty is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Coldwell Banker Best Realty, a broker participant of California Regional MLS (Southern California). 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. The accuracy of all information, regardless of source, including but not limited to open house information, 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 California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.