347 Branch Street, San Luis Obispo, CA 93401 (MLS # SC26196124)

Price $1,450,000
Status Active
Beds 5
Baths 3.5 Baths
Home size 2,612 sqft
Lot Size 10,420 sqft
Days on Market 0
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.
Property Type(s): Single Family
Last Updated 9/16/2026 Tract San Luis Obispo(380)
Year Built 1929 Community SLO - San Luis Obispo
County San Luis Obispo

Additional Details

AIR None
APPLIANCES Dishwasher, Dryer, Gas Oven, Microwave, Washer
AREA SLO - San Luis Obispo
HEAT Forced Air, Wall Furnace
INTERIOR Master Downstairs
LOT 10420 sq ft
LOT DIMENSIONS 10420
PARKING Driveway
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
STYLE Spanish
SUBDIVISION San Luis Obispo(380)
UTILITIES Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
VIEW Yes
VIEW DESCRIPTION Mountain(s), Neighborhood
WATER Public

Location

 

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Listed with California Coastal Real Estate

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Based on information from California Regional Multiple Listing Service, Inc. as of 9/16/26 11:32 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

This IDX solution is (c) Diverse Solutions 2026.

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