Home | San Luis Obispo County | San Luis Obispo | 93401 | 462 & 458 Islay St
MLS: CRSC26090280 | Status: Active | Price: $1,425,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 7,500 | 1900 |
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 parce
| Field | Value |
|---|---|
| MLS # | CRSC26090280 |
| MLS Source | California Regional MLS |
| Days on Site | 2 |
| Feature | Details |
|---|---|
| Appliances | Garbage Disposal, Oven - Gas, Refrigerator |
| Cooling | None |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Raised, Slab |
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Other, Garage: 0 Car(s) |
| HOA Fee | $0 |
Graham Updegrove
California Coastal Real Estate
License #: 01873454
Phone: (805) 459-1865
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 3 | 3 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 928 | – | 0/0 | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Hawthorne Elementary School | public | K-6 | 0.35 mi | 6 |
| Peep - De'Groot - Prepare School | public | KG,1,2,3,4,5,6,7,8,9,10,11,12,AE | 1.00 mi | N/A |
| San Luis Coastal Usd Adult | public | UG | 1.00 mi | N/A |
| San Luis Obispo High School | public | 9-12 | 1.08 mi | 10 |
| Sinsheimer Elementary School | public | K-6 | 1.14 mi | 8 |
| Smith (C. L.) Elementary School | public | K-6 | 1.61 mi | 7 |
| Teach Elementary School | public | 4-6 | 1.65 mi | 9 |
| Pacheco Elementary School | public | K-6 | 1.69 mi | 7 |
| Pacific Beach High School | public | 10-12 | 1.87 mi | 1 |
| Laguna Middle School | public | 7-8 | 1.93 mi | 9 |
| Bishop's Peak Elementary School | public | K-6 | 2.04 mi | 9 |
| Los Ranchos Elementary School | public | K-6 | 4.46 mi | 7 |
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This listing information is up-to-date as of April 29, 2026. For the most current information, please contact Graham Updegrove, (805) 459-1865.