$1,649,000
Price
5
Beds
4
Baths
3,110 Sq. Ft.
$530 / Sq. Ft.
3,110
Sq. Ft.
$530
per Sq. Ft.

Description

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...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.
  1. Listed by Ian Chandler • DRE #01955407 • Brokerage DRE #01259831 • Home & Ranch Sotheby's Intl • 530 545-9561

Property Details for 1346 Morro Street

Architectural Style
Bungalow, Craftsman
View
Neighborhood
Parking Spaces Total
2
Private Pool
No
Cooling Type
None
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 12/11/2025 11:22 AM

Property Details for 1346 Morro Street

StatusActive Under Contract
MLS #NS25263054
Days on Market17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.16 AC / 7,134 SF
CountySan Luis Obispo County

Location

Listing Courtesy of Home & Ranch Sotheby's Intl, Ian Chandler, DRE #01955407
Add your commute

Building Information for 1346 Morro Street

Stories2Residences-Year Built1925Building Size-Lot Size0.16 AC / 7,134 SF

Payment Calculator

$8,226 per month

30 year fixed, 6.28% Interest

Principal and Interest

$8,148

Property Taxes

$78

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1346 Morro Street

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $63,600
  • Gross Scheduled Income: $63,600
  • Vacancy Allowance Rate: 5
  • Gross Operating Income: $60,420
  • Net Operating Income: $55,849
Expense Details
  • Operating Expense: $4,931
  • Insurance Expense: $4,000
  • Trash Expense: $0
  • Total Expenses: $2,931
Tax / Assessment Info
  • Tax Block: 106
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 14
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Gutters, Sidewalks, Storm Drains
  • Community: San Luis Obispo(380)
Property / Structure Info
Interior Features
  • Appliances: Gas Range
  • Equipment: Gas Range
  • Interior Features: High Ceilings
  • Room Type: Jack & Jill, Kitchen, Living Room, Main Floor Bedroom
  • Main Level Bathrooms: 3
  • Main Level Bedrooms: 4
  • Room Bathroom Features: Bathtub, Shower
  • Bedroom Features: Main Floor Bedroom
  • Eating Area: In Kitchen, Separated, See Remarks
  • Laundry: Yes
  • Laundry Features: See Remarks
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Fireplace: FP in Living Room
  • Cooling: None
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
  • Heat Equipment: Wall/Gravity
  • Flooring Type: Wood
  • Floor Coverings: Wood
  • Flooring: Wood
Exterior Features
  • Window Features: Wood Frames
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Foundation Details: Raised, Slab
  • Foundation Details: Raised, Slab
  • Structures: Gutters, Storm Drains
  • Structure Type: Triplex
  • Other Structures: Gutters, Storm Drains
  • Property Condition: Fixer
  • Miscellaneous: Gutters, Storm Drains
  • Patio: Yes
  • Patio And Porch Features: Front Porch, Wrap Around
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Corner Lot, Rectangular Lot, Level
  • Lease Considered: No
  • Number Of Units: 3
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer, Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage: Driveway, Garage, On street
  • Parking Non-Garage: Garage
  • Parking Garage Spaces: 2
  • Parking Garage: Garage
  • Carport Spaces: 0
  • Attached Garage: No
  • Parking Features: Driveway, Garage, Street
Property / Structure Info
  • Builders Tract Name: San Luis Obispo
  • Builders Tract Code: San Luis Obispo(380)
  • Architectural Style: Craftsman, Craftsman/Bungalow
  • Residential Styles: All Other Attached
  • Residential Unit Location: No Common Walls
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $1,300
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 2
  • Unit Type Actual Rent: $2,700
  • Unit Type Pro Forma: 4500
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Property History for 1346 Morro Street

DateEvent & SourcePriceAppreciation
Dec 11, 2025

Pending - Continue to Show

CRMLS #NS25261033

Dec 11, 2025

Pending - Continue to Show

CLAW #NS25263054MR

Dec 11, 2025

Pending - Continue to Show

SDMLS #NS25263054

Dec 11, 2025

Pending - Continue to Show

SDMLS #NS25261033

Dec 11, 2025

Pending - Continue to Show

CRMLS #NS25263054

Dec 11, 2025

Pending - Continue to Show

CLAW #NS25261033MR

Nov 24, 2025

Listed (Active)

CRMLS #NS25263054

$1,649,000
Nov 24, 2025

Listed (Active)

CLAW #NS25261033MR

$1,649,000
Nov 24, 2025

Listed (Active)

CLAW #NS25263054MR

$1,649,000
Nov 24, 2025

Listed (Active)

CRMLS #NS25261033

$1,649,000
Nov 19, 2025

Listed (Active)

SDMLS #NS25263054

$1,649,000
Nov 19, 2025

Listed (Active)

SDMLS #NS25261033

$1,649,000
DateEvent & SourcePrice
12/11/2025

Pending - Continue to Show

CRMLS #NS25261033

12/11/2025

Pending - Continue to Show

CLAW #NS25263054MR

12/11/2025

Pending - Continue to Show

SDMLS #NS25263054

12/11/2025

Pending - Continue to Show

SDMLS #NS25261033

12/11/2025

Pending - Continue to Show

CRMLS #NS25263054

12/11/2025

Pending - Continue to Show

CLAW #NS25261033MR

11/24/2025

Listed (Active)

CRMLS #NS25263054

$1,649,000
11/24/2025

Listed (Active)

CLAW #NS25261033MR

$1,649,000
11/24/2025

Listed (Active)

CLAW #NS25263054MR

$1,649,000
11/24/2025

Listed (Active)

CRMLS #NS25261033

$1,649,000
11/19/2025

Listed (Active)

SDMLS #NS25263054

$1,649,000
11/19/2025

Listed (Active)

SDMLS #NS25261033

$1,649,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1346 Morro Street

Taxable ValueLand$38,271Additions$46,229Total$84,500
Tax Record2025$931 ($78 / month)
Home Facts
Total Finished SqFt1,582 SqFtAbove Grade Finished SqFt1,582 SqFtLot Size7,134 SqFtStyleDuplexYear Built1925ZoningR3CountySAN LUIS OBISPOAPN002-442-017Fireplace TypeHas Fireplace

Schools near 1346 Morro Street

This home is within San Luis Coastal Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Hawthorne Elementary School
PublicK to 6

Laguna Middle School
Public7 to 8

San Luis Obispo High School
Public9 to 12

Peep - De'Groot - Prepare School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Home & Ranch Sotheby's Intl, Ian Chandler, DRE #01955407

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.