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347 Branch Street

San Luis Obispo, CA 93401
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Bed 5

Bed

Bath 4

Bath

SqFt2,612

Sqft

SqFt10,420

Sqft(Lot)

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 i n 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.

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Detail Ic Property Details

Property Type : Residential

Price : $1,450,000

AD Id : 91288359

MLS Id : SC26196124

Beds : 5

Lot Size : 10,420 Sq. Ft

Living Area Size : 2,612 Sq. Ft

Year Built : 1929

County : San Luis Obispo

Subdivision: Keys Garden

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 4 Full Baths: 3 Half Baths: 1

    Roofing Information

    Composition

    Flooring Information

    Tile, Vinyl, Wood
  • Interior Features

    MainLevelPrimary
    Roof: Composition
    Appliances: Dishwasher, GasOven, Microwave, Dryer, Washer
  • Heating & Cooling

    Has Heating: Yes Heating: ForcedAir, WallFurnace Cooling: None

  • Building Information

    Year Built: 1929
    Stories: 1
    Patio And Porch Features: Patio
    Pool Features: None
    Private Pool: No
    View: Mountains, Neighborhood

  • Lot Information

    Main Square Feet: 10420 Lot Size Acres: 0.2392 Lot Size Source: Assessor Lot Size Square Feet: 10,420 Lot Description: StreetLevel

    Property Information

    Subdivision: San Luis Obispo(380) Source Property Type: Residential Property SubType: Triplex Levels: One Property Age: 97

  • Listing Price Information

    Listing Price: $1450000
    Cash, Conventional

  • Tax Information

    Parcel Number: 003739042 Tax Lot: 7 Tax Block: 7

  • Utility Information

    ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
  • Location Information

    Direction: Beebee to Branch WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5475 Mira Estrella Court, San Luis Obispo, CA, 93401 $3,825,000 4 4 4,404 53,579 Sq. Ft
2350 Camino Edna, San Luis Obispo, CA, 93401 $3,610,000 4 4 4,336 43,560 Sq. Ft
3420 Edgewood, San Luis Obispo, CA, 93401 $1,000,050 3 2 1,342 8,514 Sq. Ft
6520 Mira Cielo, San Luis Obispo, CA, 93401 $11,995,000 6 2 11,096 195,584 Sq. Ft
3315 Barranca, San Luis Obispo, CA, 93401 $1,895,000 4 4 3,114 10,000 Sq. Ft
2387 Carpenter Canyon, San Luis Obispo, CA, 93401 $2,675,000 7 6 4,923 871,200 Sq. Ft
1854 Sydney Street, San Luis Obispo, CA, 93401 $2,998,000 5 8 5,351 239,580 Sq. Ft
2645 El Cerrito, San Luis Obispo, CA, 93401 $2,639,000 6 4 4,244 0.21 Acre
1454 Quarry Court, San Luis Obispo, CA, 93401 $1,225,000 3 3 1,904 3,739 Sq. Ft
5781 Glenview, San Luis Obispo, CA, 93401 $2,140,000 5 6 4,204 43,560 Sq. Ft

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ByOwner last updated this listing 09/20/2026 @ 05:43

MLS: SC26196124 LISTED BY: Graham Updegrove, California Coastal Real Estate 805-459-1865 SOURCE: CRMLS

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