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347 Branch Street

San Luis Obispo, CA 93401
  • $1,450,000
  • STATUS: Active Under Contract
  • ON SITE: 28 Days
  • ID#: SC26196124
Under Contract
UPDATED: 195 min ago
$1,450,000
  • 5
    BEDS
  • 0.24
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
  • 2,612
    SQFT
  • $555
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1929
County:

School Ratings & Info

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 communit

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego MLS, Inc. Licensed in the state of California.
www.talechiaandassociates.com/homes/181258981
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347 Branch Street San Luis Obispo, CA 93401

  • Price: $1,450,000
  • Status: Active Under Contract
  • On Site: 28 Days
  • Updated: 195 min ago
  • ID#: SC26196124
5
Beds
3
Baths
1
½ Baths
0.24
Acres
2,612
SQFT
$555
$/SQFT
1929
Built
Neighborhood:
San Luis Obispo (93401)
County:
San Luis Obispo
Area:
San Luis Obispo (93401)
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 communit
Exterior Features

Architectural Style Mediterranean/Spanish Entry Level 0 Parking Total 0 Patio And Porch Features Patio Pool Features N/K Roof Composition Spa Features N/K View Mountains/HillsNeighborhood

Interior Features

Appliances DishwasherDryerMicrowaveWasherGas Oven Bathrooms Total 4 Common Walls No Common Walls Cooling N/K Fireplace Features N/K Flooring Linoleum/VinylTileWood Heating Forced Air UnitWall/Gravity Levels 1 Story Searchable Rooms KitchenLiving Room

Property Features

Assessments Unknown Association Fee 0 Building Area Total 2612 CFDMello Roos Fee 0 CFDMello Roos Fee Reflct Year List AOR San Luis Obispo Coastal Listing Terms CashConventional Lot Size 7500-10889 SF Miscellaneous Gutters Property Sub Type All Other Attached Sale Rent For Sale Sewer Public Sewer Site Sidewalks Special Listing Conditions Standard Stories 1 Subdivision Name San Luis Obispo(380) Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Source Public

San Diego MLS logo Listing provided courtesy of Graham Updegrove of California Coastal Real Estate: 805-459-1865. Listing information © 2026 San Diego MLS Inc. Source:


San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego MLS, Inc. Licensed in the state of California.
 
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