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$2,300,000
34 Days On Site

1018 Islay Street
San Luis Obispo, CA 93401

For Sale|Duplex|Active
6
Beds
4
Full Baths
0
Partial Baths
2,457
SqFt
$936
/SqFt
1900
Built
Subdivision:
San Luis Obispo(380)
County:
San Luis Obispo
Listed by Jeff Landon of Keller Williams Realty Central Coast [email protected]
Call Now: (805)-771-9779
Is this the home for you? We can help make it yours.
(805)-771-9779
1018 Islay Street1018 Islay Street1018 Islay Street1018 Islay Street
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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!

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Listing Snapshot
Price 
$2,300,000
Days On Site 
34 Days
Bedrooms 
6
Inside Area (SqFt) 
2,457 sqft
Total Baths 
4
Full Baths 
4
Partial Baths 
N/A
Lot Size 
0.109 Acres
Year Built 
1900
MLS® Number 
PI25042402
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
a month agoStatus changed to Active
a month agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.109
Direction Faces 
Southeast
Number Of Stories 
2
Parking 
Driveway
Parking Spaces 
3
Property Condition 
Updated/Remodeled
Property Sub Type 
Duplex
Sewer 
Public Sewer
Special Circumstances 
Standard
Stories 
Two
Utilities 
Natural Gas AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source 
Public
Zoning 
R3
Interior Features
Appliances 
Gas RangeRefrigeratorTankless Water HeaterDryerWasher
Fireplace Features 
None
Flooring 
Vinyl
Heating 
Forced Air
Interior 
Ceiling Fan(s)Recessed Lighting
Laundry Features 
Washer HookupElectric Dryer HookupOutside
Main Level Bedrooms 
1
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Exterior Features
Fencing 
Wood
Other Structures 
Shed(s)
Patio And Porch 
DeckPatio
Pool Features 
None
Road Frontage 
City Street
Roof 
CompositionShingle
Spa Features 
None
View 
HillsNeighborhood
Waterview 
HillsNeighborhood
Community Features
Building Access 
Front
Community Features 
Suburban
Financing Terms Available 
Cash
MLS Area 
SLO - San Luis Obispo
Roads 
Paved
School District 
San Luis Coastal Unified
Schools
School District
San Luis Coastal Unified
Elementary School
Unknown
Middle School
Unknown
High School
Unknown


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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