687 Islay 1-9, San Luis Obispo, CA 93401
List Price: $2.9M
Listing Status: Active
Original List Price: $3.9M
0Days on Market: 83
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1895
Lot Size: 20,735 sq ft
Garage Spaces: 6
Private Pool: Yes
Annual Property Tax: $3,306.2
MLS Number: SC26013167
About This Property
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.
Listing provided by: Linda Wilson DRE #01045160 805-781-6040 linda@wcsir.com, Central Coast Sotheby's International Realty
Source: CRMLS, MLS #: SC26013167
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