1229 Mill Street
San Luis Obispo, CA 93401 • 5 Bed • 4 Bath • 2,278 sq.ft.

Property summary

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!

Days on market: 8

Listing updated: September 09, 2025 - 07:18:09

Property details

Property ID
SC25196391
Size
2278 sq.ft.
Home Type
Residential
Year Built
1942
Property Size
0.1722 acre
Garage
1
Levels
2
Spa
None
Patio
No
Basement
No
View
None
Pool
None

Listed by: Hayley Townley DRE #01042135 805-546-9925, Comet Realty - San Luis Obispo Coastal

Source: San Luis Obispo Coastal, MLS#: SL444 Originating MLS: CRMLS

Interior information

Rooms
Bedroom, Kitchen, Laundry, Other
Bathrooms
4
Kitchen
Dishwasher, Gas Range, Tankless Water Heater, Dryer, Washer
Cooling
Central Air, See Remarks
Heating
Central, Forced Air
Flooring
Carpet, See Remarks, Tile, Vinyl, Wood
Laundry
Washer Hookup, See Remarks, Stacked
$1,798,000
Property price
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Revesty savings: $64K
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Working hours: Monday to Friday 9:00am - 6:00pm (PST)

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-09-09 21:52:57 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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