346 12th, San Miguel, CA 93451
346 12th, San Miguel, CA 93451
Property Description
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. Schedule a private showing today to see the possibilities. Contact me for details, updated financials, or to tour this exceptional property.
Features & Amenities
Property Details
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Current Rates
Comparative Market Analysis
Affordable Tier · 4 active · 5 closed
San Miguel · Single Family Residence
Listed in line with the median closed sale of $585,000. Closed comps sold at 103% of list — strong seller's market.
Price Position
Aligned with the market — fair pricing for the comps.
Active Properties (4)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1501 K Street | San Miguel | 1900 | 3 | 2 | 1,428 | 7,500 | $342 | $489,000 | 61 | 82 |
| 655 Armand Avenue | San Miguel | 2006 | 4 | 2 | 1,621 | 6,756 | $398 | $645,000 | 32 | 77 |
| 70331 Vineyard Canyon Rd. | San Miguel | 1995 | 4 | 2 | 1,724 | 378,972 | $423 | $729,000 | 199 | 67 |
| 7310 Estrella Road | San Miguel | 1905 | 3 | 1 | 952 | 17,424,000 | $3,046 | $2.90M | 185 | 61 |
| Total: 4 · Average | 3.5 | 1.8 | 1,431.25 | 4,454,307 | $1,052.25 | $1.19M | 119.25 | |||
| Median | 1,621 | $729,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1884 San Buenaventura | San Miguel | 2004 | 07/23/2026 | 3 | 2 | 1,459 | 5,296 | $599,000 | $600,000 | $411 | 1.00 | 23 | 86 |
| 775 16th | San Miguel | 2005 | 06/17/2026 | 3 | 2 | 1,243 | 4,515 | $525,000 | $585,000 | $471 | 1.11 | 57 | 83 |
| 909 Mission | San Miguel | 2003 | 10/02/2026 | 3 | 2 | 1,184 | 3,786 | $495,000 | $510,000 | $431 | 1.03 | 29 | 82 |
| 1940 San Buenaventura Way | San Miguel | 2004 | 09/22/2026 | 4 | 2 | 1,569 | 5,600 | $615,000 | $615,000 | $392 | 1.00 | 45 | 80 |
| 340 15th Street | San Miguel | 1992 | 07/01/2026 | 3 | 2 | 1,328 | 7,500 | $559,000 | $559,000 | $421 | 1.00 | 32 | 79 |
| Total: 5 · Average | 3.2 | 2.0 | 1,356.6 | 5,339.4 | $573,800 | $573,800 | $425.2 | — | 37.2 | ||||
| Median | 1,328 | $585,000 | $585,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.