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687 Islay #1-9

San Luis Obispo, CA 93401
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Bed 9

Bed

Bath 9

Bath

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 exist ing 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 : $2,600,000

AD Id : 75307014

MLS Id : SC26013167

Beds : 9

Lot Size : 20,735 Sq. Ft

Tax Amount : $3,306.20

Year Built : 1895

Garage : 6

County : San Luis Obispo

Subdivision: Fallbrook

  • Map Map

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Feature Features

  • Interior Features

    BuiltInFeatures, CeilingFans, HighCeilings, LaminateCounters, PanelingWainscoting, Storage, Attic, EntranceFoyer
    Roof: Composition, Shingle
    Appliances: Dishwasher, GasRange, Refrigerator, WaterHeater
    Laundry Features: CommonArea, GasDryerHookup
    Window Features: BayWindows, Screens, Skylights, WoodFrames
  • Heating & Cooling

    Has Heating: Yes Heating: Fireplaces, NaturalGas, WoodStove Cooling: None

  • Building Information

    Year Built: 1895
    Building Area Total: 5888
    Construction Materials: LapSiding, RedwoodSiding, WoodSiding
    Stories: 2
    Pool Features: None
    Private Pool: No
    View: CityLights, 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: SixToTenUnitsAcre,BackYard,CornerLot,FrontYard,Garden,Lawn,StreetLevel,Walkstreet,Yard

    Property Information

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

  • Listing Price Information

    Listing Price: $2600000
    Original Price: $3900000
    Cash, CashToNewLoan

  • Tax Information

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

  • Parking Information

    Parking Total: 15 DrivewayLevel, DoorSingle, Driveway, Garage, OffSite, OnSite, GarageFacesSide, SideBySide, Unassigned, Unpaved

    Garage Information

    Has Garage: Yes Garage Space: 6

  • Utility Information

    ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
  • Location Information

    Direction: Corner of Broad and Islay WaterSource: Public Security Features: CarbonMonoxideDetectors,SmokeDetectors
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5475 Mira Estrella Court, San Luis Obispo, CA, 93401 $3,825,000 4 4 4,404 53,579 Sq. Ft
2350 Camino Edna, San Luis Obispo, CA, 93401 $3,610,000 4 4 4,336 43,560 Sq. Ft
3420 Edgewood, San Luis Obispo, CA, 93401 $1,000,050 3 2 1,342 8,514 Sq. Ft
6520 Mira Cielo, San Luis Obispo, CA, 93401 $11,995,000 6 2 11,096 195,584 Sq. Ft
3315 Barranca, San Luis Obispo, CA, 93401 $1,895,000 4 4 3,114 10,000 Sq. Ft
2387 Carpenter Canyon, San Luis Obispo, CA, 93401 $2,675,000 4 4 3,523 871,200 Sq. Ft
1854 Sydney Street, San Luis Obispo, CA, 93401 $2,998,000 5 8 5,351 239,580 Sq. Ft
3078 Johnson Avenue, San Luis Obispo, CA, 93401 $1,200,000 3 2 1,446 7,061 Sq. Ft
2645 El Cerrito, San Luis Obispo, CA, 93401 $2,499,000 6 4 4,244 0.21 Acre
1454 Quarry Court, San Luis Obispo, CA, 93401 $1,225,000 3 3 1,904 3,739 Sq. Ft

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ByOwner last updated this listing 10/06/2026 @ 22:19

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

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