For sale Townhouse

Listed Sep 7, 2026

$895,000 Est. $5,920/mo

22363 H

  • 5

    Beds

  • 2

    Baths

  • 2,396

    Sq ft

The story

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 incomeall 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 shedscreating 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 specialall while being approximately 15 minutes from San Luis Obispo. Two homes, one proper 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 incomeall 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 shedscreating 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 specialall while being approximately 15 minutes from San Luis Obispo. Two homes, one property, endless possibilities.

Facts & features

Home type

Townhouse

Year built

1981

Floors

2

Price per sq ft

$374

Included features

  • Cooling

    Central Air

  • Heating

    Forced Air

  • Appliances

    Washer

  • Flooring

    Laminate, Linoleum, Vinyl

  • Roof

    Membrane

  • Water Source

    Public

  • Sewer

    Septic Tank

Mortgage calculator

Estimated monthly payment

$5,920 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $4,764
  • Property tax $895
  • Insurance $261

Includes principal, interest, taxes & insurance.

Your Property Journey

Interested in this, or something like it?

Submit an inquiry

Drop your details and we will help you find what you are looking for.

Not quite. Help me find the right one

Talk it through or type it out, whichever feels easiest.

Your contact details

An agent will reach out personally, no automated calls.

Smart Assistant

Hi, how can I help you find your dream home?

Tap the voice button to talk, or just start typing.

Tap anywhere to fix a word or add more

Tap stop when you’re done. You can edit the text before searching.

By submitting, you agree to our Privacy Policy and Terms.

Listing Broker

Comet Realty

Broker Name

Comet Realty

Agent

Travis Holderness