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

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PRICE $3,900,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 5,888 sqft
LOT SIZE 20,735 sqft

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.

DAYS ON MARKET 36 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 STATUS Active
PROPERTY TYPE(S) Residential Income


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
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Listed with Central Coast Sotheby's International Realty

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 3/16/26 12:27 PM PDT 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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