687 Islay 1-9

Property Overview
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.
Home Details
- Property type
- ResidentialIncome - Apartment
- Year built
- 1895
- Lot size
- 20,735 sq ft
- Parking
- 15 spaces
- Garage
- 6 spaces
- Stories
- 2.0
- Days on market
- 0
- MLS status
- Active
- Architectural style
- Victorian
Features & Amenities
Interior
- Built In Features
- Ceiling Fans
- High Ceilings
- Laminate Counters
- Paneling Wainscoting
- Storage
- Attic
- Entrance Foyer
Appliances
- Dishwasher
- Gas Range
- Refrigerator
- Water Heater
Parking
- Driveway Level
- Door Single
- Driveway
- Garage
- Off Site
- On Site
- Garage Faces Side
- Side By Side
- Unassigned
- Unpaved
Pool
- None
Lot
- Six To Ten Units Acre
- Back Yard
- Corner Lot
- Front Yard
- Garden
- Lawn
- Street Level
- Walkstreet
- Yard
Exterior
- Lighting
Security
- Carbon Monoxide Detectors
- Smoke Detectors
Community, Schools & Utilities
Community
- Subdivision
- San Luis Obispo(380)
- View
- Yes
Utilities
- Heating
- Fireplaces,NaturalGas,WoodStove
- Cooling
- None
- Electric
- ElectricityOnProperty
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions
Homeowner resources
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