Active

687 Islay #1-9

San Luis Obispo, CA 93401
Mark as Favorite
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.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

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

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Roof: Composition,Shingle Exterior Property Features: Lighting Interior Features: Built-in Features,Ceiling Fan(s),High Ceilings,Laminate Counters,Paneling/Wainscoting,Storage,Attic,Entrance Foyer Windows: Bay Window(s),Screens,Skylight(s),Wood Frames Property Appliances: Dishwasher,Gas Range,Refrigerator,Water Heater Fireplace: Free Standing,Gas Flooring: Carpet,Wood
  • Cooling Features

    None Air Conditioning

    Heating Source

    Fireplace(s),Natural Gas,Wood Stove Has Heating

    Fireplace

    Fireplace Features: Free Standing,Gas Has Fireplace: 1

  • Building Information

    Year Built: 1895 Building Area Total: 5,888 Construction: Lap Siding,Redwood Siding,Wood Siding Roof: Composition,Shingle Has Basement
  • Exterior Features

    Lighting

    Foundation

    Concrete Perimeter,Raised,Stone

    Security Features

    Carbon Monoxide Detector(s),Smoke Detector(s)
  • Accessibility Features

    None

    Pool Features

    None

    Laundry Features

    Common Area,Gas Dryer Hookup

    Fencing

    Wood

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.476
  • Lot Size Source: Assessor Lot Size Square Feet: 20735

  • Listing Price Information

    Original List Price: 2,900,000 Listing Contract Date: 2026-02-09
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 003631006 Annual Tax: 3306.2

  • Garage and Parking

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

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Cable TV,Electricity,Gas

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: SLO - San Luis Obispo Directions: Corner of Broad and Islay Source Property Type: Residential Income Area: SLO - San Luis Obispo Property SubType: Apartment
  • Building and Construction

    Property Age: 131 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: front Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
Sell a home like this and save $173,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4584 Spanish Oaks Drive, San Luis Obispo, CA, 93401 $2,175,000 5 3 3,296 3,296 SqFt
1854 Sydney Street, San Luis Obispo, CA, 93401 $3,298,000 5 6 5,351 5,351 SqFt
1288 Chaparral, San Luis Obispo, CA, 93401 $780,000 2 2 1,537 1,537 SqFt
3816 Hatchery Lane #1, San Luis Obispo, CA, 93401 $955,000 3 2 1,673 1,673 SqFt
2021 Skylark, San Luis Obispo, CA, 93401 $1,700,000 4 1 2,399 2,399 SqFt
1255 Orcutt Road #B14, San Luis Obispo, CA, 93401 $169,950 2 2 560 560 SqFt
1255 Orcutt Road #B33, San Luis Obispo, CA, 93401 $194,950 2 2 745 745 SqFt
1255 Orcutt Road #B27, San Luis Obispo, CA, 93401 $169,950 2 2 560 560 SqFt
1440 Ella Street, San Luis Obispo, CA, 93401 $689,000 1 1 540 540 SqFt
3380 Bullock Lane, San Luis Obispo, CA, 93401 $3,195,000 -- -- 6,971 6,971 SqFt

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/08/2026 @ 20:12

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

Selling? Save $173,501 when you sell a home like this

Tour with a ByOwner Agent