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1220 Mill St, San Luis Obispo, CA 93401

Sale Price: $950,000
Apr 14, 20251,480 sqft3 beds2 baths
Listed by: Michelle Braunschweig
License #: 01736789
Phone #: 805-781-6040
Richardson Sotheby's International Realty
Source:
CRMLS Logo
MLS #: SC25079656

Property Description

Charming Downtown Multi-Unit Property ~ Opportunity knocks in one of San Luis Obispo’s most coveted downtown locations! Nestled in the desirable Historic Mill Street District, this rare R2 zoned property features two detached units on a spacious lot offering flexibility & potential in a prime location. The front home is a charming 2 bedroom, 1 bath bungalow with approx 900 sqft of living space, while the rear unit is a cozy 1 bedroom, 1 bath around 580 sqft with its own private outdoor space. Additional features include a detached storage/workshop/garage, plenty of off-street parking, and endless potential for customization or income generation. Whether you’re an investor, a savvy buyer looking to live in one & rent the other or someone ready to restore a downtown gem, this is a true San Luis Obispo find. Bring your vision and make the most of this unique opportunity in the heart of SLO. Property is being sold AS-IS
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$15,000

TurboHome Estimated Value

$997,500

$674 sqft

High Valuation
$1,047,375
$708/sqft
Normal Valuation
$997,500
$674/sqft
Low Valuation
$947,625
$640/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$674/sqft$997,500

Neighborhood: San Luis Obispo(380)

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Comparative Value

$825K

$905K

$950K

$995K

$1.29M

$1.33M

881 Peach St A, San Luis Obispo, CA 93401

Sale Price: $825,000

Selected Comparable

777 Chorro St 3, San Luis Obispo, CA 93401

Sale Price: $905,000

Selected Comparable

1220 Mill St, San Luis Obispo, CA 93401

Sale Price: $950,000

Selected Comparable

1220 Mill St, San Luis Obispo, CA 93401

List Price: $995,000

Subject Property

1690 Hillcrest Pl, San Luis Obispo, CA 93401

Sale Price: $1,295,000

Selected Comparable

1137 Peach St, San Luis Obispo, CA 93401

Sale Price: $1,335,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
1220 Mill St, San Luis Obispo, CA 93401

1220 Mill St, San Luis Obispo, CA 93401

List: $995,000

Listed: 4/14/2025

Area:1,480 sqft
Price/sqft:$672
Beds:3
Baths:2
Year Built:
Lot Size:7,500

Comparable Properties

COMPARABLE
Choose comps
1220 Mill St, San Luis Obispo, CA 93401

1220 Mill St, San Luis Obispo, CA 93401

Sale: $950,000

7/29/20250.00 mi

Area:1,480 sqft
Price/sqft:$642
Beds:3
Baths:2
Year Built:
Weight:24.8%
1690 Hillcrest Pl, San Luis Obispo, CA 93401

1690 Hillcrest Pl, San Luis Obispo, CA 93401

Sale: $1,295,000

5/5/20250.45 mi

Area:1,315 sqft
Price/sqft:$985
Beds:3
Baths:2
Year Built:
Weight:20.9%
881 Peach St A, San Luis Obispo, CA 93401

881 Peach St A, San Luis Obispo, CA 93401

Sale: $825,000

7/9/20250.30 mi

Area:1,426 sqft
Price/sqft:$579
Beds:2
Baths:2
Year Built:
Weight:19.5%
777 Chorro St 3, San Luis Obispo, CA 93401

777 Chorro St 3, San Luis Obispo, CA 93401

Sale: $905,000

7/22/20250.39 mi

Area:1,474 sqft
Price/sqft:$614
Beds:2
Baths:3
Year Built:
Weight:17.5%
1137 Peach St, San Luis Obispo, CA 93401

1137 Peach St, San Luis Obispo, CA 93401

Sale: $1,335,000

3/19/20250.07 mi

Area:1,296 sqft
Price/sqft:$1,030
Beds:2
Baths:2
Year Built:
Weight:17.4%

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