1018 Islay Street
San Luis Obispo, CA, 93401
$2,300,000
6 Beds
4 Baths
2,457 SqFt
0.11 Acres
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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!
LISTING AGENT: Jeff Landon
LISTING BROKERAGE: Keller Williams Realty Central Coast
1018 Islay Street
San Luis Obispo, CA

Property Details

Price:
$2,300,000
MLS #:
PI25042402
Status:
Active
Beds:
6
Baths:
4
Address:
1018 Islay Street
Type:
Single Family
Subtype:
Duplex
Subdivision:
San Luis Obispo380
Neighborhood:
slosanluisobispo
City:
San Luis Obispo
Listed Date:
Feb 26, 2025
State:
CA
Finished Sq Ft:
2,457
ZIP:
93401
Lot Size:
4,750 sqft / 0.11 acres (approx)
Year Built:
1900
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Schools

School District:
San Luis Coastal Unified

Interior

Appliances
Gas Range, Refrigerator, Tankless Water Heater
Cooling
None
Fireplace Features
None
Flooring
Vinyl
Heating
Forced Air
Interior Features
Ceiling Fan(s), Recessed Lighting

Exterior

Community Features
Suburban
Fencing
Wood
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Parking Features
Driveway
Parking Spots
3.00
Pool Features
None
Roof
Composition, Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
Hills, Neighborhood
Water Source
Public

Financial

Association Fee
0.00
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Map

Community

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The Agency fully supports the Equal Housing Opportunity laws. The Agency IP Holdco, LLC and its parents, affiliates, subsidiaries, franchisees of its affiliates, and network partners make no representations, warranties, or guaranties as to the accuracy of the information contained herein, including square footage, lot size or other information concerning the condition, suitability or features of the property. All material is intended for informational purposes only and has been obtained from public records, MLS, or other sources believed to be reliable, but not verified. All prospective buyers should conduct a careful, independent investigation of the information and property, and consult with appropriate professionals, such as appraisers, architects, civil engineers, etc. CalDRE #01904054

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