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Listed by Jeff Landon • Keller Williams Realty Central Coast
$ 2,300,000
Est. payment /mo
Active
1018 Islay Street San Luis Obispo, CA 93401
2,457 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,457 sqft
Price per Sqft $936
MLS Listing ID PI-25042874
Year Built 1900
Lot Size 4,750 Sqft
Property Sub-Type Duplex
Property 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!
Location
State CA
County San Luis Obispo
Zoning R3
Interior
Interior Features Ceiling Fan(s), Recessed Lighting
Flooring Carpet, Vinyl
Laundry Outside
Exterior
Parking Features Driveway
Pool None
Community Features Suburban
Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected
View Y/N Yes
View Hills
Building
Lot Description 2-5 Units/Acre
Sewer Public Sewer