687 Islay #1-9, San Luis Obispo, CA 93401
687 Islay #1-9, San Luis Obispo, CA 93401
687 Islay #1-9, San Luis Obispo, CA 93401
687 Islay #1-9, San Luis Obispo, CA 93401
687 Islay #1-9, San Luis Obispo, CA 93401
687 Islay #1-9, San Luis Obispo, CA 93401
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$ 3,600,000
Est. payment | /mo

0.48 Acres Lot


$ 3,600,000
Est. payment | /mo

0.48 Acres Lot

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision San Luis Obispo(380)

MLS Listing ID SC26013167

HOA Y/N No

Year Built 1895

Annual Tax Amount $3,306

Lot Size 0.476 Acres

Property Sub-Type Apartment

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

Rooms

Other Rooms Outbuilding, Shed(s), Storage, Workshop

Interior

Interior Features Built-in Features, Ceiling Fan(s), High Ceilings, Laminate Counters, Paneling/Wainscoting, Storage, Attic, Entrance Foyer

Heating Fireplace(s), Natural Gas, Wood Stove

Cooling None

Flooring Carpet, Wood

Fireplaces Type Free Standing, Gas

Fireplace Yes

Appliance Dishwasher, Gas Range, Refrigerator, Water Heater

Laundry Common Area, Gas Dryer Hookup

Exterior

Exterior Feature Lighting

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

Garage Spaces 6.0

Garage Description 6.0

Fence Wood

Pool None

Community Features Biking, Storm Drain(s), Street Lights, Urban

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

View Y/N Yes

View City Lights, Hills, Neighborhood

Roof Type Composition,Shingle

Accessibility None

Total Parking Spaces 15

Private Pool No

Building

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

Story 2

Entry Level Two

Foundation Concrete Perimeter, Raised, Stone

Sewer Public Sewer

Water Public

Architectural Style Victorian

Level or Stories Two

Additional Building Outbuilding, Shed(s), Storage, Workshop

New Construction No

Others

Senior Community No

Tax ID 003631006

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://687islay.com/idx

Lease Land No

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Linda Wilson Central Coast Sotheby's International Realty 805-801-3232, DRE #01045160
NEARBY SCHOOL & BUSINESS
Donnie Bowen

+1(949) 290-9754

[email protected]

22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA

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687 Islay #1-9