347 Branch Street, San Luis Obispo, California image 1
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347 Branch Street

San Luis Obispo, CA 93401
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$1,450,000 $6,113/Mo
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Bed 4

Bed

Bath 3

Bath

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 : ResidentialIncome

Price : $1,450,000

AD Id : 91316543

MLS Id : SC26203460

Beds : 4

Lot Size : 10,420 Sq. Ft

Year Built : 1929

County : San Luis Obispo

Subdivision: Westcreek Ph 04

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Feature Features

  • 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
    Building Area Total: 2612
    Stories: 1
    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: ResidentialIncome 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
1411 1415 San Luis Drive, San Luis Obispo, CA, 93401 $1,000,000 4 2 1,284 14,843 Sq. Ft
1130 Leff Street, San Luis Obispo, CA, 93401 $2,400,000 5 2 -- 5,750 Sq. Ft

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The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/27/2026 @ 11:29

MLS: SC26203460 LISTED BY: Graham Updegrove, California Coastal Real Estate 805-459-1865 SOURCE: CRMLS

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