346 12th St San Miguel, CA 93451
San Miguel NeighborhoodEstimated payment $3,494/month
Highlights
- Bonus Room
- No HOA
- Bathtub with Shower
- Paso Robles High School Rated A-
- Ductless Heating Or Cooling System
- 2-minute walk to San Miguel Community Park
About This Home
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. Schedule a private showing today to see the possibilities. Contact me for details, updated financials, or to tour this exceptional property.
Listing Agent
Luxton Real Estate Brokerage Phone: 805-391-0241 License #01905914 Listed on: 01/14/2026
Home Details
Home Type
- Single Family
Year Built
- Built in 1942
Lot Details
- 5,227 Sq Ft Lot
- Rural Setting
- Back Yard
Parking
- 2 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 1,388 Sq Ft Home
- 1-Story Property
- Bonus Room
- Vinyl Flooring
- Laundry Room
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
- Bathtub with Shower
Outdoor Features
- Patio
Utilities
- Ductless Heating Or Cooling System
- Heating Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Legal Lot and Block 30 / 59
- Assessor Parcel Number 021281022
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,081 | $488,580 | $280,500 | $208,080 |
| 2024 | $4,108 | $384,959 | $218,727 | $166,232 |
| 2023 | $4,108 | $377,412 | $214,439 | $162,973 |
| 2022 | $4,237 | $370,013 | $210,235 | $159,778 |
| 2021 | $4,157 | $362,759 | $206,113 | $156,646 |
| 2020 | $4,116 | $359,040 | $204,000 | $155,040 |
| 2019 | $3,517 | $305,000 | $120,000 | $185,000 |
| 2018 | $3,517 | $305,000 | $120,000 | $185,000 |
| 2017 | $3,224 | $270,000 | $120,000 | $150,000 |
| 2016 | $2,730 | $230,000 | $100,000 | $130,000 |
| 2015 | $2,508 | $210,000 | $80,000 | $130,000 |
| 2014 | $1,878 | $155,000 | $50,000 | $105,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/26/2026 03/26/26 | Price Changed | $599,000 | -3.2% | $432 / Sq Ft | |
| 02/01/2026 02/01/26 | Price Changed | $619,000 | -4.6% | $446 / Sq Ft | |
| 01/14/2026 01/14/26 | For Sale | $649,000 | +35.5% | $468 / Sq Ft | |
| 05/03/2024 05/03/24 | Sold | $479,000 | 0.0% | $345 / Sq Ft | View Prior Sale |
| 02/26/2024 02/26/24 | For Sale | $479,000 | -- | $345 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $479,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $352,000 | Placer Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $298,000 | First American Title Co | |
| Grant Deed | $166,000 | Fidelity Title Company |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $359,250 | New Conventional | |
| Previous Owner | $359,756 | VA | |
| Previous Owner | $238,400 | New Conventional | |
| Previous Owner | $116,200 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NS26009747
APN: 021-281-022
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. 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
- 1200 Mission St
- 248 12th St
- 1337 Mission St
- 1300 Mission St
- 965 L St
- 1421 K St
- 1524 K St
- 1200 1350 Mission St
- 775 16th St
- 1650 Verde Place
- 0 Mission St Unit NS23223146
- 635 Benedict St
- 8835 Kennedy Ln
- 0 Cebada Place
- 8585 Cross Canyons Rd
- 8580 Warren Rd
- 0 Nygren Rd Unit NS26076856
- 0 Crestview Way
- 1730 Sutliff Rd
- 1641 Sutliff Rd
- 545 Fein Ave Unit B
- 3548 Oak St
- 3200 Spring St
- 3121 Spring St
- 572 River Oaks Dr
- 710 Experimental Station Rd
- 2228 Pine St
- 2206 Spring St
- 2206 Spring St
- 2130 Vine St Unit 2130 Vine St Unit B
- 821 21st St
- 1620 Chestnut St
- 15 Hillcrest Dr
- 830 16th St Unit HOUSE
- 802 Vista Grande St
- 1430 Pine St Unit A
- 1413 Pine St Unit 201
- 1231 Park St
- 1120 Chestnut St
- 645 Bolen Dr
Ask me questions while you tour the home.