Date
Details
Price
Change
Source
4/27/2026
Listed
$1,425,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,425,000 Sale Pending
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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.
Full Property Details
Full Property Details for 462 & 458 Islay St
General
- Price: $1,425,000
- Status: Pending
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SC26090280
- Updated: 5/7/2026
- Added to Site: 31 day(s) ago
Interior
- Rooms/Areas: Laundry, Office, Kitchen, Living Room, Loft
- Fireplace(s): None
- Appliances: Water Heater, Disposal, Refrigerator, Gas Oven
- Flooring: Carpet, Wood
Rooms
Other Rooms
- Laundry: Individual Room
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Parking Features: Assigned, Driveway
- Parking: Assigned, Driveway
Location
- Area: SLO - San Luis Obispo
- County: San Luis Obispo
- Development Name: SLO - San Luis Obispo
- Driving Directions: Broad Street to Islay
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 2
- # Gas Meters: 3
- # Electric Meters: 5
Structural Information
- Foundation: Raised, Slab
- Roof: Composition
- Entry Location: Front Door
- Stories/Levels: One,Two
- Stories Description: One, Two
- Square Feet: 1,826
- Year Built: 1900
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Property View: Neighborhood
- Lot Size (Acres): 0.1722
- Lot Size (Sq. Ft.): 7,500
- Lot Size Source: Public Records
- Lot Description: Level with Street
Financial Considerations
- Price Per Sq. Ft.: $780.39
- Price Per Unit: 475000
Disclosures and Reports
- Inclusions: Appliances not owned by Tenants
Listed by California Coastal Real Estate, Graham Updegrove
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 462 & 458 Islay St —
Graham Updegrove
California Coastal Real Estate
graham@ccreslo.com
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 462 & 458 Islay St
School District:San Luis Coastal Unified School District
| Name | Grades | Distance |
|---|---|---|
Hawthorne Elementary School, San Luis Obispo, CA 2125 Story Street, San Luis Obispo, CA 93401 | K-6 | 0.4 mi |
Laguna Middle School 11050 Los Osos Valley Road, San Luis Obispo, CA 93405 | 7-8 | 2 mi |
San Luis Obispo High School 1499 San Luis Drive, San Luis Obispo, CA 93401 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 462 & 458 Islay St
Estimate the Cost
Estimate the Cost for 462 & 458 Islay St
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- Single Family
- Active
- Updated 3 hours ago
- 3Beds
- 4Total Baths
- 2,008Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 2Beds
- 2Total Baths
- 1,550Sq. Ft.
- Single Family
- Active
- Updated 3 hours ago
- 3Beds
- 4Total Baths
- 3,401Sq. Ft.
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462 & 458 Islay Street, San Luis Obispo, CA 93401 (MLS# SC26090280) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 462 & 458 Islay Street is currently listed for $1,425,000 and was received on April 27, 2026. Want to learn more about 462 & 458 Islay Street? Do you have questions about finding other Multi-Family real estate for sale in San Luis Obispo? You can browse all San Luis Obispo real estate or contact a Coldwell Banker agent to request more information.