1018 & 1022 Islay Street

San Luis Obispo, CA 93401

  • 3 Bed(s)
  • 2 Bath(s)
  • 2,457 Sqft
  • 4750
    Sqft(Lot)
$2,300,000

Description

Seize this rare opportunity to own a fully renovated duplex just steps from downtown san luis obispo. this fully renovated duplex generates $10,900 in monthly rental income, with tenants covering utilities. each unit features three bedrooms, two bathrooms, and a dedicated office space, making this property an ideal investment with strong rental demand in a prime location.

located within walking distance of boutique shops, top-rated restaurants, vibrant nightlife, and cal poly, these units are highly desirable among local renters, ensuring a lucrative return on investment. both units include separate gas and electric meters, laundry areas, forced air heating, and brand-new tankless water heaters. the well-designed layout includes two bedrooms and a full bath upstairs, while the lower level features an additional bedroom, office, bathroom, living room, and kitchen—offering flexible living arrangements.

step outside to a covered back deck with electric laundry hookups, leading to a private, fully fenced backyard with a brick patio and storage sheds, creating a perfect space for relaxing or entertaining.

the property has undergone extensive, fully permitted renovations, ensuring modern comfort and long-term value. updates include a new roof, new hvac units, new ceiling fans, new tankless water heaters, updated plumbing, upgraded electrical systems and panels, new drywall and insulation, fresh interior and exterior paint, and luxury vinyl tile flooring throughout. the kitchens have been beautifully remodeled with open shelving, stainless steel appliances and hoods, and quartz countertops, blending modern style with everyday functionality.

with its charming curb appeal, modern upgrades, and unbeatable location, this turnkey duplex is a rare investment opportunity in one of california’s most sought-after markets. don’t miss your chance to own this exceptional downtown san luis obispo property!

  • Property Type

    Residential Income

  • County

    San Luis Obispo

  • Style

    Residential Income

  • AD ID

    48757845

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Roof : Composition,Shingle
    • Interior Features: Ceiling Fan(s),Recessed Lighting
    • Property Appliances: Gas Cooktop,Microwave,Refrigerator,Tankless Water Heater
    • Flooring: Carpet,Vinyl

  • Building Information

    • Year Built: 1900
    • Building Area Total: 2,457
    • Roof: Composition,Shingle

    Accessibility Features

    • Grab Bars

    Pool Features

    • None

    Laundry Features

    • Outside

    Fencing

    • Wood

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.109
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 4750

  • Listing Price Information

    • Original List Price: 2,300,000
    • Listing Contract Date: 2025-02-27

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 003544012

  • Garage and Parking

    • Garage Description: Driveway

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: All Utilities,Cable TV,Electricity,Gas,Sewer,Water

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: SLO - San Luis Obispo
    • Postal Code Plus 4: 4026
    • Directions: From the 101 - south on Santa Rosa, right on Islay, home is on the right.
    • Zoning: R3
    • Source Property Type: Residential Income
    • Area: SLO - San Luis Obispo
    • Property SubType: Duplex

    Building and Construction

    • Property Age: 125
    • Common Walls: 1 Common Wall
    • Property Condition: Updated/Remodeled
    • Structure Type: Duplex
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: Front
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/28/2025 @ 12:59

  • MLS: PI25042874
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 3 bedrooms which is for sale, it has 2,457 sqft, 4,750 sized lot, and 0 parking. are nearby neighborhoods.