Listing Agent: Graham Updegrove      Broker/Office: California Coastal Real Estate
& 458 Islay Street San Luis Obispo CA 93401
$ 1,425,000
  4   |    3 Full  1 Half   |    1826 Sq Feet

Listing ID

#SC26090036

Status

Active

Property Type

Triplex

County

San Luis Obispo

Neighborhood

San Luis Obispo(380)

Year Built

1900

Days on website

4

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
Financial Information
List Price:  $ 1425000
Property Features
Appliances:  Dishwasher, Disposal, Refrigerator
Community Features:  Curbs, Sidewalks
Flooring:  Carpet, Wood
Foundation Details:  Raised, Slab
High School District:  San Luis Coastal Unified
Interior Features:  Loft
Levels:  One, Two
Parking Features:  Assigned, Driveway
Patio And Porch Features:  Deck, Patio
Roof:  Composition
Senior Community YN:  false
Structure Type:  Triplex
View:  Neighborhood
Water Source:  Public
High School District:  San Luis Coastal Unified
Senior Community YN:  false
MLS Area Major:  SLO - San Luis Obispo
City:  San Luis Obispo
Listed By:   Graham Updegrove   California Coastal Real Estate 
CA Lic#