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Spanish-Style Triplex
For Sale
$1,450,000

347 Branch Street, San Luis Obispo, CA 93401

San Luis Obispo, CA

Property SizeContact for details
Lot Size0.24 Acres
Days on Market8

Property Features for 347 Branch Street

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Kitchen, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Laundry Room, Bedroom 2
Parking features Driveway
Appliances Microwave, Gas Oven, Dishwasher
Subdivision San Luis Obispo(380)
Lot features Level with Street
Directions Beebee to Branch
Standard status Active
APN 003739042
Lot size 0.24 Acres

Utilities

Sewer type Public Sewer
Heating system Wall Furnace, Forced Air
Water source Public

Amenities

fenced front yard
porch
private yard
indoor laundry
washer/dryer hookups
shed

Building Details

Year built 1929
Floors in Building 1
Number of units 3
Flooring type Tile, Wood, Vinyl
Roof type Composition
Architectural style Spanish
Listing Agency: California Coastal Real Estate
Listed By: Graham Updegrove · License #01873454
Added: Sep 17 Changed: Sep 22 Last Checked: Sep 24 at 2:06PM
MLS# SC26203460

Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This Spanish-style triplex includes a 3-bedroom, 1.5-bath front home with approximately 1,460 square feet, built in 1929, plus a rear single-story duplex completed in 1942. The duplex provides approximately 1,152 square feet combined, with each unit offering 1 bedroom, 1 full bathroom, a private yard, and washer and dryer hookups. The front residence features arched windows and doorways, a porch, fenced front yard, mature landscaping, an open kitchen, spacious bedrooms, and indoor laundry.

The property occupies 0.2392 acres and is located near downtown San Luis Obispo, freeway access, shopping, dining, and commercial services. R-2 zoning supports the multifamily configuration. Separate gas and electric meters serve each unit, while two water meters serve the front house and duplex. Two units are available for immediate move-in, and the third is leased. Additional features include sheds, driveway parking, public water and sewer, and a composition roof.

Key Highlights

  • Three‑unit property with a 3‑bedroom front home and rear 2‑unit duplex
  • Front residence offers approximately 1,460 square feet; built in 1929
  • Rear duplex provides approximately 1,152 square feet combined; built in 1942

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Butcher Pet Grooming Service Mobile Phone Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,458
Businesses Nearby

Demographics for 93401, CA

29,877
Population
14,363
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
64.2 sq mi
ZIP Area
465
Density / Sq Mi
$95,386
Median Household Income
$47,898
Median Earnings
$1,859
Median Rent
$943,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit property combines a front residence with a rear duplex and individual outdoor areas.
Where is this triplex located?
The property is located at 347 Branch Street San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Three‑unit property with a 3‑bedroom front home and rear 2‑unit duplex; Front residence offers approximately 1,460 square feet; built in 1929; Rear duplex provides approximately 1,152 square feet combined; built in 1942
More about this property
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