Bunny Maxim

Your Central Coast Realtor
MLS #SC26013167 image #0
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.
Current real estate data for Single Family in San Luis Obispo as of Apr 03, 2026
208
Single Family Listed
158
Avg DOM
612
Avg $ / SqFt
$809,240
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
VictorianOutbuildingSlo – San Luis ObispoSlosanluisobispoSan Luis Obispo380Neighborhood

Schools

Interior

Appliances
DW, RF, GR, WHU
Cooling
NO
Flooring
WOOD, CARP
Heating
GAS, FIR, WDS
Interior Features
BI, CF, ST, WAIN, LAMC, HCEL
Laundry Features
CM, GAS
Levels
U

Exterior

Accessibility Features
NO
Architectural Style
VIC
Common Walls
_2CW
Community Features
STM, SL, URB, BIKI
Construction Materials
RW, WOD, LAP
Exterior Features
LIT
Fencing
WD
Garage Spaces
6
Other Structures
SHP, SBL, OB, SH
Parking Spots
15
Parking Total
15
Roof
CMP, SHN
Security Features
SD, COD
Spa Features
NO
View
CI, HI, NE
Window Features
WFW, BW, SCR, SK

Financial

Gross Operating Income
$190,200
Maintenance Fee
$11,628
Net Operating Income
$142,336
Taxes
$3,306

Map

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Community

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 $612. The average listing price for Single Family in San Luis Obispo is $809,240.

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I have been a successful Real-Estate Broker for 40+ years. My continued success is attributed to my vast clientele and their loyalty. When I meet a new client, I make them my top priority. YOU always come first! I will work diligently to ensure that the you find the perfect home for your special needs and most importantly to assure a smooth closing. I will do what ever it takes.

It’s because of my hard work and dedication to my clients that my business continues to grow. But rest assure…

More About Joanie
687 Islay #1-9
San Luis Obispo, CA

When you think of Real Estate, think of Bunny Maxim and Expect the Best!

We specialize in Residential, Commercial, Lots/Land and Investment Property in the Central Coast of California including the following areas:

  • Santa Maria
  • Orcutt
  • Los Alamos
  • Lompoc
  • Buellton
  • Solvang
  • Santa Ynez
  • Nipomo
  • Arroyo Grande
  • Oceano
  • Grover Beach
  • Pismo Beach
  • San Luis Obispo
  • Paso Robles

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Orcutt, CA 93455

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Pismo Beach, CA 93449

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