687 Islay, San Luis Obispo, CA 93401
687 Islay, San Luis Obispo, CA 93401
687 Islay, San Luis Obispo, CA 93401
26
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Listed by Linda Wilson • Central Coast Sotheby's International Realty
$2,600,000
Est. payment /mo
5,888 SqFt
Price Dropped by $300K

687 Islay San Luis Obispo, CA 93401

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Key Details

Property Type Single Family Home

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 5,888 sqft

Price per Sqft $441

MLS Listing ID SC-26013167

Style Victorian

Year Built 1895

Lot Size 0.476 Acres

Property Sub-Type Apartment

Source California Regional Multiple Listing Service (CRMLS)

Property 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.

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Interior

Interior Features Ceiling Fan(s), Built-In Features, High Ceilings, Laminate Counters, Storage, Wainscoting

Heating Wood Stove, Fireplace(s)

Flooring Carpet, Wood

Fireplaces Type Free Standing, Gas

Laundry Community, Gas Dryer Hookup

Exterior

Exterior Feature Lighting

Parking Features Driveway Level, Garage - Single Door, Garage Faces Side, Off Site, On Site, Side by Side, Unassigned, Unpaved, Driveway

Garage Spaces 6.0

Pool None

Community Features Biking, Storm Drains, Street Lights, Urban

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

View Y/N Yes

View Hills, City Lights

Building

Lot Description Corner Lot, Front Yard, Garden, Lawn, Level with Street, Lot 20000-39999 Sqft, Walkstreet, Yard, 6-10 Units/Acre, Back Yard

Sewer Public Sewer

Others

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Glenn Dormer

Glenn Dormer

Managing Partner | License ID: 01268924

+1(805) 660-0739

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687 Islay