687 Islay St #1-9, San Luis Obispo, CA 93401 (MLS # SC26013167)

Price $3,900,000
Status Active
Beds 0
Baths 0 Bath
Home size 5,888 sqft
Lot Size 20,735 sqft
Days on Market 5
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 existing 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.
Property Type(s): Residential Income
Last Updated 2/13/2026 Tract San Luis Obispo(380)
Year Built 1895 Community SLO - San Luis Obispo
Garage Spaces 6.0 County San Luis Obispo

Additional Details

AIR None
APPLIANCES Dishwasher, Gas Range, Refrigerator, Water Heater
AREA SLO - San Luis Obispo
BASEMENT Yes
CONSTRUCTION Lap Siding, Redwood Siding, Wood Siding
EXTERIOR Garden, Lighting
FIREPLACE Yes
GARAGE Yes
HEAT Fireplace(s), Natural Gas, Wood Stove
INTERIOR Built-in Features, Ceiling Fan(s), Entrance Foyer, High Ceilings, Laminate Counters, Storage
LOT 0.476 acre(s)
LOT DESCRIPTION Back Yard, Corner Lot, Front Yard, Garden
LOT DIMENSIONS 20735
PARKING Driveway, Garage, Off Site, On Site, Garage Faces Side, Side By Side, Unassigned, Unpaved
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
STYLE Victorian
SUBDIVISION San Luis Obispo(380)
TAXES 3306.2
UTILITIES Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
VIEW Yes
VIEW DESCRIPTION City Lights, Hills, Neighborhood
WATER Public

Location

 

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Listed with Central Coast Sotheby's International Realty

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Based on information from California Regional Multiple Listing Service, Inc. as of 2/13/26 7:56 PM PST 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. Properties may or may not be listed by the office/agent presenting the information

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