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!
Sold for $1,795,000
Listed by: Comet Realty • Hayley Townley • Contact: 805-546-9925
Bought with: REGION 1 REALTY
$1,795,000
1229 Mill St, San Luis Obispo, CA 93401
5beds
2,278sqft
Triplex
Built in 1942
-- sqft lot
$-- Zestimate®
$788/sqft
$6,086 Estimated rent
Home value
Not available
Estimated sales range
Not available
$6,086/mo
Zestimate® history
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$6,086/mo
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$6,086/mo
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$11,424/mo
Est. payment
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Est. payment
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List your homeWhat's special
Vintage charmOutdoor showerGleaming hardwood floorsExtra utility closetTile kitchen with pantryCheerful yellow-tile kitchenWalk-in closet
Zillow last checked:
Listing updated:
Listed by:
Hayley Townley DRE #01042135 805-440-9194,
Comet Realty
Bought with:
ROBERT GAYL, DRE #00900828
REGION 1 REALTY
Source: CRMLS,MLS#: SC25196391
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 2
Rooms
- Room types: Bedroom, Kitchen, Laundry, Other
Bedroom
- Features: Bedroom on Main Level
Kitchen
- Features: Galley Kitchen
Heating
- Central, Forced Air
Cooling
- Central Air, See Remarks
Appliances
- Included: Dishwasher, Gas Range, Tankless Water Heater, Dryer, Washer
- Laundry: Washer Hookup, See Remarks, Stacked
Features
- Ceiling Fan(s), Tile Counters, Unfurnished, Bedroom on Main Level, Galley Kitchen
- Flooring: Carpet, See Remarks, Tile, Vinyl, Wood
- Windows: Double Pane Windows, Screens
- Has fireplace: Yes
- Fireplace features: See Remarks
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total interior livable area: 2,278 sqft
Property
Parking
- Total spaces: 3
- Parking features: Door-Single, Driveway, Garage, Off Street, Public
- Attached garage spaces: 1
- Uncovered spaces: 2
Accessibility
- Accessibility features: See Remarks
Features
- Levels: Two
- Stories: 2
- Entry location: main
- Pool features: None
- Spa features: None
- Fencing: Average Condition
- Has view: Yes
- View description: None
Lot
- Size: 7,500 Square Feet
- Features: Level, Rectangular Lot
Details
- Additional structures: Guest House Detached, Two On A Lot
- Parcel number: 001221005
- Zoning: R2
- Special conditions: Trust
Construction
Type & style
- Home type: MultiFamily
- Architectural style: See Remarks
- Property subtype: Triplex
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Raised, Slab, See Remarks
- Roof: Shingle
Condition
- New construction: No
- Year built: 1942
Utilities & green energy
- Electric: Electricity - On Property
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Curbs, Gutter(s), Sidewalks
- Subdivision: San Luis Obispo(380)
Location
- Region: San Luis Obispo
Financial & listing details
- Price per square foot: $788/sqft
- Date on market: 9/1/2025
- Cumulative days on market: 72 days
- Listing terms: Cash to New Loan
- Inclusions: 3 refrigerators, 1 dishwasher, 3 ranges, 1 stackable w/d, 1 washer/dryer
- Exclusions: Tenants belongings
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 11/26/2025 | Sold | $1,795,000-0.2%$788/sqft |
Source:  CRMLS #SC25196391 Report a problem | ||
| 11/13/2025 | Pending sale | $1,798,000$789/sqft |
Source: CRMLS #SC25196391 Report a problem | ||
| 9/1/2025 | Listed for sale | $1,798,000$789/sqft |
Source: CRMLS #SC25196391 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 93401
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Nearby schools
GreatSchools rating
- 6/10Hawthorne Elementary SchoolGrades: K-6Distance: 1 mi
- 9/10Laguna Middle SchoolGrades: 7-8Distance: 2.6 mi
- 10/10San Luis Obispo High SchoolGrades: 9-12Distance: 0.5 mi
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