248 12th, San Miguel, California 93451, San Miguel, 93451 - 3 bed, 3 bath
Loading property details...
San Miguel, California 93451
This Turnkey Victorian Dual-Unit Property is listed at $669,000, positioned relative to a $556,529 Fair Market Value. The valuation is supported by a proven $57,000 Gross Annual Income and a superior Condition Rating of 2 following a comprehensive high-end renovation. Featuring Mountain Views, Owned Solar Panels, and premium Bosch Appliances, this 1890-built estate offers modern infrastructure within a historical frame. Located in the San Miguel Joint Union district, the property provides exceptional versatility for income generation. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 248 12th Subject | $669,000* List Price | 3 | 3 | 1,376 | $404 | - |
A 645 Catala Way Sold | $635,000 | 4 | 3 | 1,805 | $352 | 0.4 mi |
B 346 12th Active | $599,000 List Price | 3 | 2 | 1,388 | $432 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1890, the property has undergone a high-quality, comprehensive renovation within the last 5 years. It features a modern kitchen with premium Bosch and GE Café appliances, updated bathrooms, and significant system upgrades including a new sewer line (2023), new water heater, and owned solar panels, qualifying it as mint-condition and turnkey.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8125, living area = 1376.
This rare two-home configuration offers exceptional versatility for investors or owner-occupants, featuring a proven gross income of $57,000 in 2025 and separate entrances for maximum privacy.
Despite its historical roots, the property includes high-value modern upgrades such as owned solar panels, a new sewer line (2023), and premium Bosch and GE Café appliances, significantly reducing utility and maintenance costs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1376, other record living area = 876. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
As a structure built in 1890, the property may require more frequent and specialized upkeep to maintain its historical integrity compared to contemporary homes.
With a total of 1,376 square feet split between two separate dwellings, the individual living areas are relatively small, which may not accommodate buyers seeking spacious, open-concept floor plans.
Discover the perfect blend of Victorian historical charm and smart income potential in this rare two-home property! Front unit offers a spacious 2 bedroom, 2 bath layout, while the private back unit delivers a cozy 1 bedroom, 1 bath — each with its own separate entrance and personal space for true independence. Whether you’re an investor ready to cash in or a family looking for togetherness, this setup shines. It grossed $57,000 in 2025 and is turnkey — start collecting immediate income by renting one (or both) units. Live in the front Victorian home and subsidize your mortgage with rental income from the back, or create that dreamy multigenerational setup where loved ones stay close but everyone has privacy. Inside, enjoy tall ceilings, original Victorian character, and thoughtful modern upgrades including updated bathrooms, a new water heater, and a sewer line replaced in 2023. The kitchen features premium Bosch and GE Café dishwashers, while owned solar panels keep utility costs low. Step outside to your own peaceful oasis: a large, fenced yard perfect for kids and pets to roam safely. There are three separate garden areas plus plenty of room for a vegetable garden, all framed by a relaxing back porch with stunning views of the surrounding mountains. This unique gem sits in a quiet town yet is conveniently close to parks, grade school, restaurants, and just a short drive to Paso Robles. Turnkey and move-in ready — furnishings are even available for separate purchase if you want to keep the vibe going! Don’t miss this one-of-a-kind opportunity to own a piece of history with serious income (or family) potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.5 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,376 | 1,782.5 | 21% |
| Lot Size | 8,125 | 9,381.5 | 50% |
| Price | $669.0K | $652.0K | 50% |
| Price per sq ft | $486 | $361 | 79% |
| Built year | 1890 | 2006 | 7% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 186 | 7% |
Apr 20, 2026
$669,000
Initial Listing
Jan 18, 2022
$561,000
Public Record
Sep 14, 2017
$375,000
Public Record
Apr 15, 2011
$165,000
Public Record
Jun 3, 2005
$325,000
Public Record