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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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347 Branch Street San Luis Obispo, CA 93401
$1,450,000 5 beds, 4 baths
2, 612 sqft
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Agent Remarks

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.

Listing Details

Property type: Triplex (Single Family)
Status: Active
MLS# SC26196124
List price is $1,450,000
HOA Fee is $0.00
Beds: 5
Baths: 4 (3 full) (1 half)
None fireplaces
Built in 1929
2,612 sqft
1 story
0.24 acres
Lot size: 0.2392
Subdivision: San Luis Obispo(380)
County: San Luis Obispo
Property style: Spanish
Interior features: Main Level Primary
Appliances: Dishwasher,Gas Oven,Microwave,Dryer,Washer
Parking description: Driveway
Lot description: Street Level
Heating/cooling: None
Heating description: Forced Air,Wall Furnace
MLS area: SLO - San Luis Obispo

Last Updated: 9/23/2026

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This listing belongs to the SLO - San Luis Obispo MLS area

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The style of this listing is Spanish.
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Lat/Long: 35.269878, -120.664693.
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Listing Agent: Graham Updegrove
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

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Population by Gender

Hispanic/Non-Hispanic Population

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