1229 Mill Street, San Luis Obispo Property Listing: MLS® #SC25196391

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 unitseach 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 youre looking for a strong income property or a chance to own a piece of downtown SLO with rental flexibility, this property offers it all. Dont miss your chance to invest in one of San Luis Obispos most desirable locations!

1229 Mill Street, San Luis Obispo Property Listing: MLS® #SC25196391 Close
Page Summary
NEW
  • MLS® #: SC25196391
  • 1229 Mill Street
  • San Luis Obispo, CA 93401
  • $1,798,000
  • 5 Beds, 4 Bath, 2278 SqFt, 0.17 Acres
  • Office: Comet Realty

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 unitseach 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 youre looking for a strong income property or a chance to own a piece of downtown SLO with rental flexibility, this property offers it all. Dont miss your chance to invest in one of San Luis Obispos most desirable locations!

Supplemental Remarks

Essential Information

  • MLS® #SC25196391
  • Listing Price$1,798,000
  • List Price per Square Foot$789.29
  • Date ListedSeptember 1st, 2025
  • Bedrooms5
  • Bathrooms4.00
  • Full Baths3
  • Half Baths1
  • Square Footage2,278
  • Acres0.17
  • Lot Sq.Ft.7,501
  • Garage Parking1
  • Year Built1942
  • TypeResidential
  • Sub-TypeAll Other Attached
  • StyleSee Remarks
  • StatusActive

Community Information

  • Address1229 Mill Street
  • AreaSAN LUIS OBISPO (93401)
  • CitySan Luis Obispo
  • CountySan Luis Obispo
  • StateCA
  • Zip Code93401

Amenities

  • Parking Spaces3
  • ParkingGarage,Garage - Single Door
  • ViewN/K
  • PoolN/K

Utilities

Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected

Interior

  • Interior FeaturesTile Counters,Unfurnished
  • HeatingForced Air Unit
  • FireplaceYes
  • FireplacesOther/Remarks
  • # of Stories2
  • Stories2 Story

Appliances

Dishwasher,Dryer,Washer,Gas Range

Cooling

Central Forced Air,Other/Remarks

Exterior

  • Lot DescriptionCurbs,Sidewalks
  • RoofShingle
  • ConstructionStucco
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Nearby Schools in San Luis Obispo

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Listing information last updated on September 2nd, 2025 at 5:09am PDT.