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$ 1,425,000
Est. payment /mo
New
462-& 458 Islay Street San Luis Obispo, CA 93401
2 Beds
4 Baths
7,500 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision San Luis Obispo(380)
MLS Listing ID SC26090280
Bedrooms 2
Lot Size 7,500 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
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.
Location
State CA
County San Luis Obispo
Zoning Public Rec
Direction Broad Street to Islay
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 003614023
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://islaytriplex.com/
Listed by Graham Updegrove, DRE#01873454 California Coastal Real Estate
NEARBY SCHOOL & BUSINESS