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687 Islay #1-9

San Luis Obispo, CA 93401
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Bed 0

Bed

Bath 0

Bath

SqFt5,888

Sqft

SqFt20,735

Sqft(Lot)

Built in 1895, this iconic Historic Victorian residence sits on one of downtown San Luis Obispo’s most prominent properties. Restored over the past 50 years, the residence is set on nearly a half-acre of usable land and currently features nine residential units, including three one-bedroom residences and six studio units with lofts. The property also includes nine outbuildings used as garages, storage, a bicycle garage, social room, and laundry facility. Historic character is preserved through ornate Victorian detailing, original redwood built with Douglas fir accents, soaring 12-foot ceilings, and expansive windows, while offering modern conveniences throughout. A large basement, park-like grounds, patio areas, and barbecue space enhance the property’s appeal. In addition to its existin g income-producing layout, the property offers potential for future expansion and increased density, subject to local zoning and planning approvals. Development flexibility may allow for additional units or alternative configurations, presenting a rare opportunity for investors and owner-users alike.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,900,000

AD Id : 75307014

MLS Id : SC26013167

Lot Size : 20,735 Sqft

Living Area Size : 5,888

Year Built : 1895

Garage : 6

County : San Luis Obispo

Subdivision: Fallbrook

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Feature Features

  • Interior Features

    Built-in Features, Ceiling Fan(s), High Ceilings, Laminate Counters, Paneling/Wainscoting, Storage, Attic, Entrance Foyer
    Roof: Composition, Shingle
    Appliances: Dishwasher, Gas Range, Refrigerator, Water Heater
    Laundry Features: Common Area, Gas Dryer Hookup
    Window Features: Bay Window(s), Screens, Skylight(s), Wood Frames
  • Heating & Cooling

    Has Heating: Yes Heating: Fireplace(s), Natural Gas, Wood Stove Cooling: None

  • Building Information

    Year Built: 1895
    Building Area Total: 5888
    Construction Materials: Lap Siding, Redwood Siding, Wood Siding
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: City Lights, Hills, Neighborhood
  • Exterior Features

    Exterior Features: Lighting

  • Lot Information

    Main Square Feet: 20735 Lot Size Acres: 0.476 Lot Size Source: Assessor Lot Size Square Feet: 20,735 Lot Description: 6-10 Units/Acre,Back Yard,Corner Lot,Front Yard,Garden,Lawn,Street Level,Walkstreet,Yard

    Property Information

    Subdivision: San Luis Obispo(380) Source Property Type: Residential Income Property SubType: Apartment Levels: Two Property Age: 131

  • Listing Price Information

    Listing Price: $2900000
    Original Price: $3900000
    Cash, Cash to New Loan

  • Tax Information

    Parcel Number: 003631006 Tax Lot: 1 Tax Block: 93 Annual Tax: $3306.2

  • Parking Information

    Parking Total: 15 Driveway Level, Door-Single, Driveway, Garage, Off Site, On Site, Garage Faces Side, Side By Side, Unassigned, Unpaved

    Garage Information

    Has Garage: Yes Garage Space: 6

  • Utility Information

    Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Location Information

    Direction: Corner of Broad and Islay WaterSource: Public Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
O'connor Way, San Luis Obispo, CA, 93401 $3,450,000 2 2 2,400 2,400 SqFt
5475 Mira Estrella Court, San Luis Obispo, CA, 93401 $3,825,000 4 4 4,404 4,404 SqFt
2350 Camino Edna, San Luis Obispo, CA, 93401 $3,800,000 4 3 4,336 4,336 SqFt
6520 Mira Cielo, San Luis Obispo, CA, 93401 $11,995,000 6 2 11,096 11,096 SqFt
1854 Sydney Street, San Luis Obispo, CA, 93401 $3,185,000 5 8 5,351 5,351 SqFt
2645 El Cerrito, San Luis Obispo, CA, 93401 $2,839,000 6 4 4,244 4,244 SqFt
1410 Noveno, San Luis Obispo, CA, 93401 $1,449,000 3 3 1,917 1,917 SqFt
3826 Sebright #1, San Luis Obispo, CA, 93401 $937,000 3 2 1,673 1,673 SqFt
5781 Glenview, San Luis Obispo, CA, 93401 $2,235,000 5 6 4,204 4,204 SqFt
1224 Manzanita, San Luis Obispo, CA, 93401 $720,000 2 3 1,311 1,311 SqFt

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ByOwner last updated this listing 07/29/2026 @ 23:08

MLS: SC26013167 LISTED BY: Linda Wilson, Central Coast Sotheby's International Realty 805-781-6040 SOURCE: CRMLS

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