$2,600,000
 $13,957 est/mo Sourced by Back At You

687 Islay 1-9,San Luis Obispo, CA 93401

San Luis Obispo, CA 93401

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Description

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.

Details

MLS #SC26013167
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1895
Days On Site191
Listing Provided ByCentral Coast Sotheby's International Realty | Linda Wilson

Features

SQ Feet5,888
Garage6
BasementY
Story(s)2
Units9
Building(s)1
Acreage0.48
Property ViewYes

Interior

CoolingNone
HeatingFireplaces, Natural Gas, Wood Stove
Heating Yes / NoYes
Cooling Yes / NoNo
Interior FeaturesBuilt In Features, Ceiling Fans, High Ceilings, Laminate Counters, Paneling Wainscoting, Storage, Attic, Entrance Foyer
Window FeaturesBay Windows, Screens, Skylights, Wood Frames
AppliancesDishwasher, Gas Range, Refrigerator, Water Heater
Fireplace Yes / NoYes

Exterior

Exterior FeaturesLighting
RoofComposition, Shingle
Security FeaturesCarbon Monoxide Detectors, Smoke Detectors
Construction MaterialsLap Siding, Redwood Siding, Wood Siding
Foundation DetailsConcrete Perimeter, Raised, Stone
Lot FeaturesSix To Ten Units Acre, Back Yard, Corner Lot, Front Yard, Garden, Lawn, Street Level, Walkstreet, Yard
FencingWood

Parking

Parking FeaturesDriveway Level, Door Single, Driveway, Garage, Off Site, On Site, Garage Faces Side, Side By Side, Unassigned, Unpaved
Garage Yes / NoYes

Utilities

UtilitiesElectricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
ElectricElectricity On Property
SewerPublic Sewer

Location

Community FeaturesBiking, Storm Drains, Street Lights, Urban

Taxes

Property3306

Area Information

StateCA
CountySan Luis Obispo
CitySan Luis Obispo
Zip Code93401
AreaSLO San Luis Obispo
Community NameSan Luis Obispo(380)
Listing VS Median (in San Luis Obispo(380))
Price:
$2,600,000
low | high
Med:
$2,200,000
65.384615384615% of Average
sqft:
5,888
low | high
Med:
2,334
100% of Average
$ / sqft:
$442
low | high
Med:
$943
63.459890580713% of Average
On site:
191
low | high
Med:
6
100% of Average
Sourced by Back At You

Market Activity 93401

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Learn More About This Property

StateCA
CountySan Luis Obispo
CitySan Luis Obispo
Zip Code93401
AreaSLO San Luis Obispo
Community NameSan Luis Obispo(380)
Listing VS Median (in San Luis Obispo(380))
Price:
$2,600,000
low | high
Med:
$2,200,000
65.384615384615% of Average
sqft:
5,888
low | high
Med:
2,334
100% of Average
$ / sqft:
$442
low | high
Med:
$943
63.459890580713% of Average
On site:
191
low | high
Med:
6
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.95M - $3.25M
sqft: 4,000 - 7,000
Nearby Listings Property ImageNearby Listings Details
668 Marsh Property Photo 1
$2,500,000
668 Marsh
San Luis Obispo, CA 93401
283 Higuera Street Property Photo 1
$1,150,000
283 Higuera Street
San Luis Obispo, CA 93401
Listing Updated: August 21, 2026 at 10:43:25 PM PDT