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Sold for $1,628,000
    • Listed by: eXp Realty of California, Inc • Janelle Eagle • Contact: 510-410-4186
    Bought with: Century 21 Hometown Realty, San Luis Obispo Office
    Tax assessed value
    $1,628,000

    1545 Carmel St, San Luis Obispo, CA 93401

    6beds
    2,358sqft
    Duplex
    Built in 1880
    8,400 Square Feet Lot
    $1,678,500 Zestimate®
    $690/sqft
    $6,390 Estimated rent

    Home value

    $1,678,500

    $1.56M - $1.81M

    $6,390/mo

    Zestimate® history
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    What's special

    SELLER PAID BUY DOWN or CREDIT available. Historic Gem with Modern Upgrades in Downtown San Luis Obispo. Nestled adjacent to the vibrant downtown historic district, this charming property offers a perfect blend of vintage elegance and contemporary comfort. Built in the late 1800s, this home has been thoughtfully updated over the years, with an extensive remodel by the current owner bringing it to the pinnacle of modern living. Located within walking distance to SLO's main streets, you'll have easy access to the best restaurants, shopping, and entertainment the Central Coast has to offer. This property features two distinct separately metered units (390 Islay and 1545 Carmel), each offering significant income potential. One unit is occupied by full-time tenants paying top-of-market rent, while the other is a furnished rental. Income has averaged over $10,000 monthly. The R3 zoning and existing (original!) carriage house site provide an exciting opportunity for further income by building an ADU. The spacious interiors are designed to cater to today's lifestyle while preserving the unique character of the property. Modern finishes and materials are juxtaposed against gorgeous wide plank old growth redwood walls, creating an ambiance that is both stylish and warm. Upgraded features include central air and heat, brand new roof, new electrical and plumbing, and freshly redesigned tile and cabinetry in kitchens and baths. Situated on a large corner lot, the oversized property boasts multiple outdoor spaces surrounded by lush hedges that create a private, secret garden feel. Two beautifully designed backyard decks offer the perfect locations to relax and enjoy breathtaking views of the Cerro San Luis Mountains. Don't miss out on this unique chance to own a historic gem with contemporary conveniences and outstanding income potential in the heart of San Luis Obispo. Contact us today to schedule a private viewing and experience the magic of this exceptional property!

    Zillow last checked:

    Listing updated:

    Listed by:

    Janelle Eagle DRE #02162444 510-410-4186,

    eXp Realty of California, Inc

    Bought with:

    Tim Riley, DRE #01280227

    Century 21 Hometown Realty, San Luis Obispo Office

    Source: CRMLS,MLS#: SC24122184MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bathrooms: 3
    • Main level bedrooms: 1
    Rooms
    • Room types: Kitchen, Living Room, Other, Dining Room
    Bathroom
    • Features: Low Flow Plumbing Fixtures, Quartz Counters, Remodeled, Separate Shower, Upgraded, Walk-In Shower
    Kitchen
    • Features: Quartz Counters, Remodeled, Self-closing Drawers, Updated Kitchen
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: 6 Burner Stove, Dishwasher, ENERGY STAR Qualified Water Heater, Electric Range, Disposal, Gas Range, High Efficiency Water Heater, Range Hood, Water Heater, Dryer, Washer
    Features
    • Beamed Ceilings, Built-in Features, Chair Rail, Ceiling Fan(s), Cathedral Ceiling(s), Separate/Formal Dining Room, Furnished, High Ceilings, Living Room Deck Attached, Multiple Staircases, Paneling/Wainscoting, Quartz Counters, Two Story Ceilings, Wood Product Walls
    • Flooring: Wood
    • Has fireplace: No
    • Fireplace features: None
    • Furnished: Yes
    • Common walls with other units/homes: 1 Common Wall
    Interior area
    • Total interior livable area: 2,358 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Off Street
    • Uncovered spaces: 2
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: Two Doors
    • Patio & porch: Deck
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: Mountain(s)
    Lot
    • Size: 8,400 Square Feet
    • Features: 2-5 Units/Acre
    Details
    • Additional structures: Shed(s)
    • Parcel number: 003612013
    • Zoning: R3
    • Special conditions: Standard
    • Horse amenities: Riding Trail

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Victorian
    • Property subtype: Duplex
    • Attached to another structure: Yes
    Materials
    • Foundation: Concrete Perimeter, Raised
    • Roof: Shingle
    Condition
    • Repairs Cosmetic,Updated/Remodeled
    • New construction: No
    • Year built: 1880

    Utilities & green energy

    • Electric: Standard
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
    Green energy
    • Energy efficient items: Water Heater

    Community & HOA

    Community
    • Features: Curbs, Foothills, Golf, Hiking, Horse Trails, Mountainous, Park, Preserve/Public Land
    Location
    • Region: San Luis Obispo

    Financial & listing details

    • Price per square foot: $690/sqft
    • Tax assessed value: $1,628,000
    • Annual tax amount: $17,944
    • Date on market: 6/17/2024
    • Cumulative days on market: 46 days
    • Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,1031 Exchange
    • Inclusions: All appliances in both units. Backyard shed.
    • Road surface type: Paved

    Price history

    DateEventPrice
    4/10/2026Listing removed$3,750$2/sqft
    Source: Zillow Rentals Report a problem
    3/14/2026Listed for rent$3,750+15.4%$2/sqft
    Source: Zillow Rentals Report a problem
    10/29/2025Listing removed$3,250$1/sqft
    Source: Zillow Rentals Report a problem
    9/25/2025Price change$3,250-5.8%$1/sqft
    Source: Zillow Rentals Report a problem
    9/22/2025Price change$3,450-1.4%$1/sqft
    Source: Zillow Rentals Report a problem
    8/26/2025Price change$3,500-6.7%$1/sqft
    Source: Zillow Rentals Report a problem
    8/22/2025Price change$3,750-5.1%$2/sqft
    Source: Zillow Rentals Report a problem
    8/14/2025Listed for rent$3,950-7.1%$2/sqft
    Source: Zillow Rentals Report a problem
    6/9/2025Listing removed$4,250$2/sqft
    Source: Zillow Rentals Report a problem
    5/19/2025Listed for rent$4,250-95.7%$2/sqft
    Source: Zillow Rentals Report a problem
    2/27/2025Listing removed$99,999$42/sqft
    Source: Zillow Rentals Report a problem
    2/21/2025Price change$99,999+1580.7%$42/sqft
    Source: Zillow Rentals Report a problem
    2/12/2025Price change$5,950-14.4%$3/sqft
    Source: Zillow Rentals Report a problem
    2/11/2025Price change$6,950+16.8%$3/sqft
    Source: Zillow Rentals Report a problem
    2/9/2025Listed for rent$5,950$3/sqft
    Source: Zillow Rentals Report a problem
    8/28/2024Sold$1,628,000-4.2%$690/sqft
    Source: CRMLS #SC24122184 Report a problem
    8/2/2024Pending sale$1,699,000$721/sqft
    Source: CRMLS #SC24122184 Report a problem
    6/18/2024Listed for sale$1,699,000+44.6%$721/sqft
    Source: CRMLS #SC24122184 Report a problem
    7/22/2022Sold$1,175,000-14.5%$498/sqft
    Source: Public Record Report a problem
    6/14/2022Pending sale$1,375,000$583/sqft
    Source: CRMLS #SC22097166 Report a problem
    5/19/2022Listed for sale$1,375,000$583/sqft
    Source: CRMLS #SC22097166 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$17,944 +35.5%$1,628,000 +35.8%
    2024$13,245 +1.8%$1,198,500 +2%
    2023$13,006 -25.7%$1,175,000 +53.6%
    2022$17,515 +3953.1%$765,000 +1780.4%
    2021$432 +1%$40,682 +1%
    2020$428 +1%$40,266 +2%
    2019$423 +2%$39,478 +2%
    2018$415 +2%$38,704 +2%
    2017$407 +2%$37,946 +2%
    2016$399 $37,203 +1.5%
    2015$399 +10.6%$36,645 +2%
    2014$361 $35,928 +2.5%
    2012-- $35,066 +2%
    2011-- $34,379 +0.8%
    2010-- $34,123 -0.2%
    2009-- $34,205 +2%
    2008-- $33,535 +2%
    2007-- $32,879 +2%
    2006-- $32,235 +2%
    2005-- $31,604 +2%
    2004-- $30,985 +1.9%
    2003-- $30,418 +2%
    2002-- $29,823 +2%
    2001-- $29,239
    Find assessor info on the county website

    Neighborhood: 93401

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