CnC Realty
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$895,000

22363 H

Santa Margarita, CA 93453

Active

5

Beds

2

Baths

2,396

Sq. Ft.

1981

Year Built

San Luis Obispo

County

Duplex

Property Type

About this home

TWO FULLY DETACHED HOMES ON ONE LOT in the heart of downtown Santa Margarita! This unique property delivers incredible flexibility for an owner-user, investor, multi-generational living setup, or anyone looking for additional rental income—all just minutes from San Luis Obispo. The front home features two bedrooms, an open living area flowing into the kitchen with breakfast bar, and upstairs bedrooms with access to multiple private decks. A long driveway provides generous off-street parking, and the home has its own laundry and air conditioning. Completely separate from the front residence, the rear home enjoys its own private entrance, driveway and carport with convenient alley access. The kitchen opens to the living area, while upstairs you'll find three bedrooms, each with its own deck. The rear home also features its own laundry and air conditioning. The fully gated property is filled with inviting outdoor spaces, including beautifully maintained landscaping, multiple patios, decks and storage sheds—creating plenty of room to entertain, relax and enjoy the Central Coast lifestyle. With two independent homes, separate access and no shared interior connection, the possibilities are exceptional: live in one and rent the other, create a dedicated space for extended family, or take advantage of the property's income potential. Located just blocks from Santa Margarita Elementary, the library, local market, restaurants, wine tasting rooms and everything that makes downtown Santa Margarita special—all while being approximately 15 minutes from San Luis Obispo. Two homes, one property, endless possibilities.

Listed by Travis Holderness · DRE #02179554 · Comet Realty
MLS #1190027320
ListedSep 6, 2026

Property Details

Architecture

Stories2
StyleCraftsman
Total Units2
RoofMembrane
Garage Spaces0
PoolN/A
SpaNone

Features & Amenities

Interior FeaturesBeamed Ceilings, Breakfast Bar, Balcony, Ceiling Fans, Separate Formal Dining Room, High Ceilings, Multiple Staircases, Track Lighting, All Bedrooms Up
Exterior FeaturesKoi Pond
FlooringLaminate, Vinyl
CoolingCentral Air
HeatingForced Air
FireplaceNone
LaundryElectric Dryer Hookup, Inside, Laundry Room
Parking FeaturesAttached Carport, Carport, Driveway, Oversized, Paved
Parking Total4
Patio & PorchCovered, Patio
Entry Level1
Entry Locationfront door
Common WallsNo Common Walls

Property Features

Lot Size0.17 ac
Lot FeaturesNear Park
ViewNeighborhood, Trees Woods
DirectionsTurn off of El Camino Real on to Encina Ave, west on H street.

Community

AreaSMRG - Santa Margarita
School DistrictAtascadero Unified

Tax & Financial

TermsCash, Cash To Existing Loan, Cash To New Loan, Exchange1031
Land LeaseNo
HOA NameN/A
HOA FeeN/A

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Mortgage Estimate

$4,764/mo

20% down · 7% APR · 30-yr fixed

Estimate only. Does not include taxes, insurance, or HOA.

CRMLSLast updated: October 21, 2026 at 4:45 PM

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