




& 458 Islay Street, San Luis Obispo, CA 93401
Exceptional investment opportunity near downtown San Luis Obispo featuring three income-producing units on a spacious 7,500 square foot parcel. This versatile multi-family property offers a desirable mix of classic charm and newer construction, ideal for seasoned investors or owner-occupants. The front residence is a character rich 2-bedroom + office (or 3-bedroom), 1.25-bath single family home built circa 1900, offering ±928 square feet of living space. The home offers a fenced front yard, charming porch, hardwood floors, and large bedrooms with 10’ ceilings. Additional highlights include a walk-in pantry, indoor laundry and storage shed. The home is currently leased for $3,010/month. Situated at the rear of the property is two-story duplex built in 1990, totaling approximately ±898 square feet. Each unit is a thoughtfully designed studio with a loft, providing efficient and flexible living space. Both studios have vaulted ceilings, under stair storage, a nicely sized kitchen, private patio/yard space and shared laundry. These studios are currently leased for $1,800/month and $1,850/month. There are (4) on site parking stall, (5) electric meters, (3) gas meters and (2) water meters, with potential for subdivision to separate the single family home and duplex onto their own parcels (verify with City planning). With strong in-place rental income and its highly desired location, this property presents excellent prospects for long-term appreciation or multi-generational living.
Bedrooms
4
Bathrooms
4
Square Feet
1,826
Lot Size
7,500 sqft
Year Built
1900
Property Type
Triplex
Days on Market
2
HOA Fee
N/A
Garage Total
0
MLS #
SC26090036
Interior Features
Loft, Walk In Pantry
Flooring
Carpet, Wood
Appliances
Dishwasher, Disposal, Gas Oven, Refrigerator
Laundry
Laundry Room
Main Level Bedrooms
2
Main Level Bathrooms
4
Heating
Wall Furnace
Parking Features
Assigned, Driveway
Patio & Porch
Deck, Front Porch, Patio
Foundation
Raised, Slab
Roof
Composition
Lot Features
Street Level
Sewer
Public Sewer
Water Source
Public
Curbs, Gutters, Street Lights, Sidewalks
$0
| Rating | School Name | ||
|---|---|---|---|
| No school data available for this area. | |||
Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Flood Risk
Minimal — not in a FEMA flood zone
Wildfire Risk
Moderate — near wildland-urban interface
Heat Risk
Low — moderate summer temperatures
Earthquake Risk
Southern California seismic zone
Based on price, location, and features
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