1018 Islay St San Luis Obispo, CA 93401
Property details
About 1018 Islay St
Seize this rare opportunity to own a fully renovated duplex just steps from downtown San Luis Obispo. This fully renovated duplex generates $10,900 in monthly rental income, with tenants covering utilities. Each unit features three bedrooms, two bathrooms, and a dedicated office space, making this property an ideal investment with strong rental demand in a prime location. Located within walking distance of boutique shops, top-rated restaurants, vibrant nightlife, and Cal Poly, these units are highly desirable among local renters, ensuring a lucrative return on investment. Both units include separate gas and electric meters, laundry areas, forced air heating, and brand-new tankless water heaters. The well-designed layout includes two bedrooms and a full bath upstairs, while the lower level features an additional bedroom, office, bathroom, living room, and kitchen—offering flexible living arrangements. Step outside to a covered back deck with electric laundry hookups, leading to a private, fully fenced backyard with a brick patio and storage sheds, creating a perfect space for relaxing or entertaining. The property has undergone extensive, fully permitted renovations, ensuring modern comfort and long-term value. Updates include a new roof, new HVAC units, new ceiling fans, new tankless water heaters, updated plumbing, upgraded electrical systems and panels, new drywall and insulation, fresh interior and exterior paint, and luxury vinyl tile flooring throughout. The kitchens have been beautifully remodeled with open shelving, stainless steel appliances and hoods, and quartz countertops, blending modern style with everyday functionality. With its charming curb appeal, modern upgrades, and unbeatable location, this turnkey duplex is a rare investment opportunity in one of California’s most sought-after markets. Don’t miss your chance to own this exceptional downtown San Luis Obispo property!
Highlights
Summary
- Full Bathrooms: 4
- Appliances: Gas Range, Refrigerator, Tankless Water Heater, Dryer, Washer
- Flooring Type: Vinyl
- Interior: Ceiling Fan(s), Recessed Lighting
- Fireplace: None
- Total Bedroom Count: 6
- Private Pool: No
- Parking: Driveway
- View: Hills, Neighborhood
- Heating: Forced Air
- Cooling: None
- List Price: $2,300,000
- Price/SqFt: $936
- HOA Amount: $0
- Annual Tax Amount: $13,007
- Tax Year: 2024
- Directions: From the 101 - take Santa Rosa St South, turn right on Islay St, property is on the right.
- Year Built: 1900
- Stories: 2
- Living Area: 2,457 SqFt
- Lot Size: 0.109 Acres
- MLS Number: PI25042402
- MLS Name: CRMLS
- Office Name: Keller Williams Realty Central Coast
- Office Phone: (805) 904-3444
- Listing Agent: Jeff Landon
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/30/2025, 10:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,300,000
1018 Islay St
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 26, 2022 | Home Sold | $1,100,000 |
| Jul 28, 1995 | Home Sold | $258,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,177,000 | $13,007 |
| 2023 | $1,100,000 | $12,175 |
| 2022 | $403,851 | $2,686 |
| 2021 | $395,933 | $2,638 |
| 2020 | $391,875 | $2,640 |
| 2019 | $384,192 | $2,594 |
| 2018 | $376,660 | $2,594 |
| 2017 | $369,276 | $2,556 |
History based on county public records data.
Nearby schools
5
Hawthorne Elementary School
Public District KG-6
0.5 mi
•2125 Story St
7
Sinsheimer Elementary School
Public District KG-6
1.0 mi
•2755 Augusta St
5
Pacheco Elementary School
Public District KG-6
1.7 mi
•261 Cuesta Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $48,840. Residents of San Luis Obispo, CA typically earn between $35k-100k each year. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Major League Soccer (MLS)
Yoga/pilates
Symphony or Opera
Where do the neighbors shop?
Banana Republic
H&M
Chico's
Where do the neighbors go to eat?
Sonic
Dominos Pizza
Boston Market
What do the neighbors drive?
Infiniti
Audi
Volvo
What do the neighbors listen to?
Urban Contemporary
Alternative
Talk/Personality
Frequently asked questions
About 1018 Islay St
The listing price of 1018 Islay St property is $2,300,000.
The property 1018 Islay St is a multi located in San Luis Obispo, California, 93401.
Active Listing: 1018 Islay St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1018 Islay St are: Hawthorne Elementary School (GreatSchools Rating 5/10), Sinsheimer Elementary School (GreatSchools Rating 7/10), Pacheco Elementary School (GreatSchools Rating 5/10), Teach Elementary School (GreatSchools Rating 9/10), Laguna Middle School (GreatSchools Rating 7/10), Judkins Middle School (GreatSchools Rating 5/10), San Luis Obispo High School (GreatSchools Rating 9/10), Pacific Beach High School (GreatSchools Rating 3/10), Grizzly Challenge Charter (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $13,007 (source: MLS/based on county public records data).
The last sale was on October 26, 2022 for $1,100,000 (source: MLS/tax record).
The property 1018 Islay St is 2,457 SqFt (source: MLS/tax record).
The year of construction for 1018 Islay St is 1900.
This home is located at 1018 Islay St in San Luis Obispo, CA and zip code 93401. This 2,457 square foot home, which was built in 1900, sits on a 0.11 acre lot. Features: 6 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since February 28, 2025 and is currently priced at $2,300,000.
While more than 11 listings in San Luis Obispo, CA in May 2025 were sold above asking price, there were more than 7 listings sold at asking price, and more than 20 were sold below. The inventory of homes for sale in San Luis Obispo, CA between April and May 2025 did not move. While the average time on the market in May 2025 was 27 days, the median list price was $1,058,558.