Discover this prime multifamily gem in the charming, historic town of San Miguel, California — a growing community in San Luis Obispo County, right off Highway 101 for quick access to Paso Robles (just 10 miles south), world-class wine country, and the vibrant Central Coast. Zoned residential multifamily, this well-maintained property offers two fully remodeled units totaling just under 1,400 sq ft, both updated with modern finishes and ready for new owners or tenants. The main unit is a spacious 2-bedroom, 1-bath with contemporary upgrades and a generous utility room that’s perfect for conversion into a third bedroom, home office, or extra storage. The second unit is a cozy 1-bedroom, 1-bath, also beautifully refreshed. The main 2-bedroom unit becomes vacant as of February 15, giving you the perfect opportunity to customize! This duplex has a solid history of strong, reliable rents and previously delivered a gross ROI just over 8% — standout performance compared to typical Central Coast multifamily cap rates around 5-6% in recent market data. With the upcoming vacancy, envision your options: Owner-occupy the larger main unit starting mid-February and rent the second for supplemental income to make your mortgage more affordable. Or re-rent both at current market rates for maximum cash flow in this desirable area. This is your chance to own a turnkey, updated duplex in a community with strong growth potential — ideal for owner-occupants building equity with rental help, multigenerational families, or investors seeking solid income and appreciation. Don’t wait — the February 15th vacancy is your window for flexibility! Schedule a private showing today to see the possibilities. Contact your agent for details, updated financials, or to tour this exceptional property. This is a rare chance to own a turnkey, income-producing duplex in a community with strong upside potential — ideal for investors seeking cash flow, appreciation, and the lifestyle of Central Coast living. Don’t miss out — schedule your showing today and secure this solid performer in a town that’s quietly thriving! Contact us for more details, financials, or to tour this exceptional property.
Two Homes!!! Looking for a great property to combine families, an investment opportunity to live in one home and rent the other for income potential or just a rental property of two homes on one lot... this is your property. 1524 and 1526 K St. offers two homes in a great San Miguel location, each with its own addresses!! 1526 K St. was built in 2004 offering 3 bedrooms and 2.5 bath, split level floor plan with permitted conversion of the 2 car garage adding versatility to the already generous floor plan with it's spacious back yard and private alley location. The kitchen is well appointed with open space for entertaining and family gatherings. A walk in pantry offers more storage solutions and a living room slider to the spacious fenced rear yard offers lots of indoor and outdoor space to spread out. Upstairs you will enjoy the Master bedroom and its own private master bath as well as the 2 additional guest rooms with a full guest bath. The efficent powder bath downstairs is always a nice convenience. Outside the large, private rear yard has a gated fence dividing the homes. 1524 K St. offers 1 bed, 1 bath and fronts K St. Both homes have their own individual access 1524 off K St. and 1526 via the alley.This arrangement is perfect for combining families while maintaining privacy or generating strong rental income. With easy access to Highway 101 for commuting, this property is a truly compelling opportunity.
San Miguel is located in California. San Miguel, California has a population of 4,189. San Miguel is less family-centric than the surrounding county with 26.9% of the households containing married families with children. The county average for households married with children is 26.98%.
The median household income in San Miguel, California is $68,929. The median household income for the surrounding county is $82,514 compared to the national median of $69,021. The median age of people living in San Miguel is 38.4 years.
The average high temperature in July is 87.4 degrees, with an average low temperature in January of 37.1 degrees. The average rainfall is approximately 16.7 inches per year, with 0.1 inches of snow per year.
