REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 2,600,000

Est. payment | -/mo

4 Beds

4 Baths

0.48 Acres Lot

Save Virtual Tour

$ 2,600,000

Est. payment | -/mo

Save Virtual Tour

4 Beds

4 Baths

0.48 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision San Luis Obispo(380)

MLS Listing ID SC26013167

Bedrooms 4

Lot Size 0.476 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Built in 1895, this iconic Historic Victorian residence sits on one of downtown San Luis Obispos 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 propertys 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

Zoning Assessor

Direction Corner of Broad and Islay

Interior

Heating Fireplace

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 003631006

Acceptable Financing Cash

Listing Terms Cash

Virtual Tour https://687islay.com/

Listed by Linda Wilson, DRE#01045160 Central Coast Sotheby's International Realty

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

GET MORE INFORMATION

QUICK SEARCH

There are 38 quick searches

687 Islay San Luis Obispo, CA 93401