
1229 Mill Street, San Luis Obispo, CA 93401
Discover a rare opportunity to own three rental units just steps from downtown San Luis Obispo. The main residence, originally built in 1942 and thoughtfully expanded, offers three bedrooms (two downstairs and one upstairs) and one full bath. Highlights include gleaming hardwood floors, a tile kitchen with pantry, central air conditioning, an on-demand hot water heater and even an outdoor shower. The one-car garage includes laundry, and the backyard features space for gardening along with a handy storage shed. Currently leased through June 2026. The back duplex, built in 1950, features two one-bedroom, one-bath units—each with its own personality. One side boasts vintage charm with a cheerful yellow-tile kitchen, extra utility closet, and laundry hookups. The other side has been tastefully remodeled, showcasing a walk-in closet, a playful keyhole entrance to the kitchen, and an in-unit washer/dryer. The duplex is also equipped with an on-demand hot water heater for modern efficiency. Whether you’re looking for a strong income property or a chance to own a piece of downtown SLO with rental flexibility, this property offers it all. Don’t miss your chance to invest in one of San Luis Obispo’s most desirable locations!
Bedrooms
5
Bathrooms
4
Square Feet
2,278
Lot Size
7,500 sqft
Year Built
1942
Property Type
Triplex
Days on Market
72
HOA Fee
N/A
Garage Total
1
MLS #
SC25196391
Interior Features
Ceiling Fans, Tile Counters, Unfurnished, Bedroom On Main Level, Galley Kitchen
Flooring
Carpet, See Remarks, Tile, Vinyl, Wood
Fireplace
See Remarks
Accessibility
See Remarks
Appliances
Dishwasher, Gas Range, Tankless Water Heater, Dryer, Washer
Laundry
Washer Hookup, See Remarks, Stacked
Main Level Master
Yes
Cooling
Central Air, See Remarks
Heating
Central, Forced Air
Fencing
Average Condition
Construction
Stucco
Foundation
Raised, Slab, See Remarks
Roof
Shingle
Direction Faced
West
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Based on price, location, and features
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