Property Details
About this Property
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.
MLS Listing Information
MLS #
CRSC26013167
MLS Source
California Regional MLS
Days on Site
1
Interior Features
Appliances
Dishwasher, Oven Range - Gas
Laundry
Community Facility
Cooling
None
Heating
Fireplace, Gas, Stove - Wood
Exterior Features
Roof
Composition, Shingle
Foundation
Concrete Perimeter, Raised, Unreinforced Masonry
Style
Victorian
Parking, School, and Other Information
Garage/Parking
Common Parking Area, Garage, Off-Site Parking, Other, Side By Side, Garage: 6 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Linda Wilson
Central Coast Sotheby's International Realty
License #: 01045160
Phone: (805) 543-7727
Co-Listing Agent
Aimee Edsall
License #: 01753340
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 9 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
687 Islay is a Residential Income in San Luis Obispo, CA 93401. This – square foot property sits on a 20,735 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,900,000 and was built in 1895. This address can also be written as 687 Islay, San Luis Obispo, CA 93401.
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This listing information is up-to-date as of February 13, 2026. For the most current information, please contact Linda Wilson, (805) 543-7727
