Keegan Cin | Realtor® | License # DRE 01971604

Property

San Luis Obispo, CA 93401 1018 & 1022 Islay Street

1018 & 1022 Islay Street San Luis Obispo, CA - Image 11018 & 1022 Islay Street San Luis Obispo, CA - Image 21018 & 1022 Islay Street San Luis Obispo, CA - Image 3
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1018 & 1022 Islay Street San Luis Obispo, CA - Image 41018 & 1022 Islay Street San Luis Obispo, CA - Image 51018 & 1022 Islay Street San Luis Obispo, CA - Image 61018 & 1022 Islay Street San Luis Obispo, CA - Image 71018 & 1022 Islay Street San Luis Obispo, CA - Image 81018 & 1022 Islay Street San Luis Obispo, CA - Image 91018 & 1022 Islay Street San Luis Obispo, CA - Image 101018 & 1022 Islay Street San Luis Obispo, CA - Image 111018 & 1022 Islay Street San Luis Obispo, CA - Image 121018 & 1022 Islay Street San Luis Obispo, CA - Image 131018 & 1022 Islay Street San Luis Obispo, CA - Image 141018 & 1022 Islay Street San Luis Obispo, CA - Image 151018 & 1022 Islay Street San Luis Obispo, CA - Image 161018 & 1022 Islay Street San Luis Obispo, CA - Image 171018 & 1022 Islay Street San Luis Obispo, CA - Image 18
Presented By: Jeff Landon with Keller Williams Realty Central Coast; 8059043444
  • MLS# PI25042402
  • 02/27/2025
  • Request Tour
  • Request Info
  • Beds • 6
  • Baths • 4
  • SQFT • 2,457
  • Year Built • 1900

Home Details

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!
Presented By: Jeff Landon with Keller Williams Realty Central Coast; 8059043444

Interior Features for 1018 & 1022 Islay Street

Bedrooms

Main Level Bedrooms1
Total Bedrooms6

Bathrooms

Main Level Bathrooms1
Total Baths4

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Interior AmenitiesCeilingFans, RecessedLighting
Laundry FeaturesWasherHookup, ElectricDryerHookup, Outside
LivingAreaSourceAssessor
Total Stories2

Other Rooms

Entry Level1

General for 1018 & 1022 Islay Street

Additional Parcels Y/NNo
AppliancesGasRange, Refrigerator, TanklessWaterHeater, Dryer, Washer
Attached Garage No
Carport Y/NNo
CitySan Luis Obispo
Community FeaturesSuburban
CoolingNone
CountySan Luis Obispo
DirectionsFrom the 101 - take Santa Rosa St South, turn right on Islay St, property is on the right.
Electric On Property Y/NNo
Entry LocationFront
Facing DirectionSoutheast
Full Baths4
Garage Spaces0.0
Garage Y/NNo
HOANo
HOA Fee$0.0
HeatingForcedAir
High School DistrictSan Luis Coastal Unified
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan
Living Area UnitsSquareFeet
Lot Size Square Feet4750.0
Lot Size UnitsSquareFeet
MLS AreaSLO - San Luis Obispo
MobileHomeRemainsYNNo
New ConstructionNo
Number Of Units Total2
Occupancy TypeTenant
Open Parking Spaces3.0
Other StructuresSheds
Patio/Porch FeaturesDeck, Patio
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidential
Rent Control Y/NNo
RoofComposition, Shingle
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Structure TypeDuplex
Subdivision NameSan Luis Obispo(380)
Tax Lot11
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewHills, Neighborhood
Waterfront Y/NNo
Year Built1900
Year Built SourceAssessor
ZoningR3

Exterior for 1018 & 1022 Islay Street

Crops Included Y/NNo
FencingWood
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.109
Lot Size Area4750.0
Lot Size SourceAssessor
Open Parking Y/NNo
Parking FeaturesDriveway
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking3.0
Water SourcePublic

Additional Details

Price History

Justin Hughey

Price $2,300,000
MLS#PI25042402
List Date 02/27/2025
Property Type Multi-Family
Request Tour
Request Info

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