687 Islay #1-9
San Luis Obispo, CA, 93401
$3,900,000
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.
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.
Current real estate data for Single Family in San Luis Obispo as of Feb 20, 2026
194
Single Family Listed
137
Avg DOM
605
Avg $ / SqFt
$766,910
Avg List Price
Property Details
Price:
$3,900,000
MLS #:
SC26013167
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Subdivision:
San Luis Obispo380
Neighborhood:
slosanluisobispo
Listed Date:
Feb 13, 2026
Total Sq Ft:
5,888
Lot Size:
20,735 sqft / 0.48 acres (approx)
Year Built:
1895
Schools
Interior
Appliances
DW, RF, GR, WHU
Cooling
NO
Flooring
WOOD, CARP
Heating
GAS, FIR, WDS
Laundry Features
CM, GAS
Exterior
Architectural Style
VIC
Community Features
STM, SL, URB, BIKI
Construction Materials
RW, WOD, LAP
Exterior Features
LIT
Other Structures
SHP, SBL, OB, SH
Parking Spots
15
Roof
CMP, SHN
Security Features
SD, COD
Financial
Maintenance Fee
$11,628
Taxes
$3,306
Map
Contact Us
Mortgage Calculator
Community
- Address687 Islay #1-9 San Luis Obispo CA
- SubdivisionSan Luis Obispo(380)
- CitySan Luis Obispo
- CountySan Luis Obispo
- Zip Code93401
Subdivisions in San Luis Obispo
Property Summary
- Located in the San Luis Obispo(380) subdivision, 687 Islay #1-9 San Luis Obispo CA is a Single Family for sale in San Luis Obispo, CA, 93401. It is listed for $3,900,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1895. The average price per square foot for Single Family listings in San Luis Obispo is $605. The average listing price for Single Family in San Luis Obispo is $766,910.
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Born and raised in Massachusetts and living throughout New England, Bunny has always enjoyed being close to the coast. Her move to California’s Central Coast has kept her near lovely, natural beaches with the added attraction of the desirable Mediterranean climate. Her love of this area makes her a natural ambassador in presenting the communities to newcomers. She enhances her knowledge of the Central Coast with over thirty years of professional real estate experience, as well as a background a…
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Courtesy of Central Coast Sotheby’s International Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than CornerStone Real Estate include the name of the listing broker. Neither the listing company nor CornerStone Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 687 Islay #1-9
San Luis Obispo, CA
