1229 Mill Street, San Luis Obispo, CA 93401

$1,795,000
5
BD
4
BA
2,278
SqFt

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Sold Price
$1,795,000
List Price
$1,798,000
Closing Date
Nov 26, 2025
Status
CLOSED
MLS#
SC25196391
Year Built
1942
Bedrooms
5
Bathrooms
4
Living Sq. Ft
2,278
Lot Size
7,500
Acres
0.17
Lot Location
Level, Rectangular Lot
Days on Market
72
Property Type
Multifamily
Style
See Remarks
Property Sub Type
Triplex
Stories
Two Levels
Neighborhood
San Luis Obispo(380)

Property Description

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!

Additional Information

Other Buildings
Guest House Detached, Two On A Lot
Appliances
Dishwasher, Gas Range, Tankless Water Heater, Dryer, Washer
Pool Description
None
Fireplace Description
See Remarks
Heat
Central, Forced Air
Cooling
Yes
Cooling Description
Central Air, See Remarks
View
None
Exterior Construction
Stucco
Roof
Shingle
Garage Spaces Total
1
Sewer
Public Sewer
Water
Public
School District
San Luis Coastal Unified
Interior Features
Ceiling Fan(s), Tile Counters, Unfurnished, Bedroom on Main Level, Galley Kitchen
Attached Structure
Attached
Number Of Units Total
3

Listing courtesy of Listing Agent: Hayley Townley (HayleyTownley@gmail.com) from Listing Office: Comet Realty.

Listing sold by ROBERT GAYL from REGION 1 REALTY

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.