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347 Branch Street — San Luis Obispo — 5 Beds • 4 Baths • 2,612 Sq Ft | Belmont Brokerage

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$1,450,000

$555/ft²

347 Branch St, San Luis Obispo, CA 93401

Property Description

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 provided by: Graham UpdegroveDRE #01873454805-459-1865 graham@ccreslo.com, California Coastal Real Estate

MLS #: SC26196124

FLIP & EXPANSION SIMULATORTHIN MARGIN

Simulate profit based on remodel ($140/sf) & addition ($180/sf)

+$75K

+8.6% ROI

Rehab + Add$474K

Est. ARV$2104K

Est. Profit+$75K

Proj. ROI9%

Sqft to Add (Expansion / ADU)+600 sqft (3,212 total sf)

Remodel Rate (Existing Space)$140/sqft ($366K total)