$1,500,000

$1,425,000 5.3%

Est. payment - /mo

4 Beds

4 Baths

1,826 SqFt

UPDATED:

Key Details

Sold Price $1,500,000

Property Type Condo

Sub Type All Other Attached

Listing Status Sold

Purchase Type For Sale

Square Footage 1,826 sqft

Price per Sqft $821

Subdivision San Luis Obispo(380)

MLS Listing ID SC26090036

Sold Date 05/29/26

Bedrooms 4

Full Baths 3

Half Baths 1

Year Built 1900

Lot Size 7,500 Sqft

Property Sub-Type All Other Attached

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, (4) 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

Direction Broad to Islay

Interior

Heating Wall/Gravity

Flooring Carpet, Wood

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Gas Oven

Exterior

Parking Features Assigned

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

Water Access Desc Public

View Neighborhood

Roof Type Composition

Porch Deck, Patio

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories 1

Others

Senior Community No

Tax ID 003614023

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Graham Updegrove, DRE#01873454 California Coastal Real Estate
Bought with Amy Daane The Avenue Central Coast Realty, Inc.

Nearby Locations

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Melissa Eannarino

+1(760) 845-1085

Agent | License ID: 01970570

Agent License ID: 01970570

462 Islay Street San Luis Obispo, CA 93401