Remodeled Duplex with Two
346 12th San Miguel, CA 93451
346 12th, San Miguel, CA, 93451
$599,000
For Sale
$599,000
Two remodeled duplex units total just under 1,400 sq ft, with the main unit scheduled to be vacant February 15.
Property Size1,400 SF
Price / SF$427.86
Days on Market86
Property Features for 346 12th
General Information
- Standard status
- Active
- Size
- 1,400 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1942
Listing agency
Karlie Montgomery, Broker
(805) 391-0241
Listed by
Karlie Montgomery · License #01905914
(805) 391-0241
Source
Elliman
Added: Apr 27 Updated: Jul 21 at 4:50AM Checked: Jul 21 at 4:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Karlie Montgomery, Broker
Investment Insights
Based on property information with market context.
This well-maintained duplex features two fully remodeled units. The main unit is a 2-bedroom, 1-bath layout with contemporary upgrades and a generous utility room that could support a third-bedroom, home office, or additional storage. The second unit is a 1-bedroom, 1-bath that has also been refreshed. The main 2-bedroom unit is scheduled to become vacant as of February 15, offering an opportunity to customize before a new tenant occupies the space.
The property is zoned for residential multifamily use and is located in San Miguel, California, right off Highway 101 for access to Paso Robles. The seller notes a history of strong, reliable rents and previously reported a gross ROI just over 8%.
The property is zoned for residential multifamily use and is located in San Miguel, California, right off Highway 101 for access to Paso Robles. The seller notes a history of strong, reliable rents and previously reported a gross ROI just over 8%.
Key Highlights
- Two fully remodeled duplex units totaling just under 1,400 sq ft
- 2‑bedroom, 1‑bath main unit with contemporary upgrades and a generous utility room
- Second unit is a 1‑bedroom, 1‑bath, also refreshed with modern finishes
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.8k | $30.60 |
| − Vacancy | −$1.0k | −$0.73 |
| EGI | $41.8k | $29.87 |
| − OpEx | −$12.5k | −$8.96 |
| NOI | $29.3k | $20.91 |
1,400 SF · lease $30.60/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$418.2K
$365.9K – $487.9K
NOI $29,274 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$386.1K
$337.8K – $450.5K
NOI $27,027 @ 7.0% cap · market cap 4.51%
Theoretical Best
Healthcare Medical
$550.6K
$481.8K – $642.4K
NOI $38,542 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two remodeled duplex units total just under 1,400 sq ft, with the main unit scheduled to be vacant February 15.
Where is this duplex located?
The property is located at 346 12th San Miguel, CA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two fully remodeled duplex units totaling just under 1,400 sq ft; 2‑bedroom, 1‑bath main unit with contemporary upgrades and a generous utility room; Second unit is a 1‑bedroom, 1‑bath, also refreshed with modern finishes
