$ 1,649,000
-
$1,649,000
Price -
6
Bed -
4
Bath -
3,110
SqFt
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About the Listing PRHOMERCH - NS01955407
This rare downtown offering includes a 1925 Craftsman bungalow plus two separate one-bed/one-bath units, all located just two blocks from the heart of San Luis Obispo and next door to Mitchell Park. Positioned on the corner of Morro and Pismo Streets, this property blends historic character, income-producing flexibility, and exceptional walkability. The main house (1,582 sq ft) features a deep front porch, tall ceilings, and expansive original windows that fill the home with natural light. The generous living room includes a fireplace and classic Craftsman detailing. Two large front bedrooms share a Jack-and-Jill bath, while the formal dining room can serve as a third bedroom or flex space. A smaller fourth bedroom sits at the rear of the home alongside a laundry area and ¼ bath. With a newer roof and preserved period elements throughout, the home offers excellent potential for restoration and enhancement of a true century-old Craftsman. Behind the main residence are two well-designed one-bed/one-bath units, each approximately 792 sq ft and each including a kitchen, living area, bedroom, and full bath. The upper unit features a new deck with stairs leading to a private backyard space; the lower unit enjoys direct yard access as well. These units provide strong rental income or ideal guest accommodations. The location is unmatched—walk to downtown restaurants, cafés, wine bars, boutique shops, Mission Plaza, the Thursday night Farmers’ Market, SLO Rep, Fremont Theater, the Museum of Art, and multiple hiking and biking trails. Mitchell Park, located directly next door, offers open lawn areas, playgrounds, and community events. Whether you plan to live in the main home and rent the back units, operate the property as a multi-unit investment, or restore a classic 1920s Craftsman in one of SLO’s most desirable neighborhoods, this property delivers historic charm, versatility, and prime downtown access.
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 3 Full / 1 Quarter
- Appliances: Gas Range
- Air Cond:
- Heating: Wall Furnace
- Fireplaces: Living Room
- Floor: Wood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Eat-in Kitchen,High Ceilings,See Remarks,Bedroom on Main Level,Jack and Jill Bath
- Water: Public
Exterior Details
- Lot Description: Corner Lot,Level,Rectangular Lot,No Land Lease
- Garage Capacity: 2 car
- Parking Spaces: 2
- Zoning: R-3-H
- Roof: Composition
- Others: Fixer,2+ Total Units
- Sewer: Public Sewer
- Parking Features: Driveway,Garage,On Street
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 002442017
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
1346 Morro San Luis Obispo, CA 93401
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