Historic Victorian Residence in San Luis
687 Islay San Luis Obispo, CA 93401
687 Islay, San Luis Obispo, CA, 93401
Contact for pricing
For Sale
Contact for pricing
Iconic Victorian residence with income potential in downtown San Luis Obispo.
Lot Size0.50 Acres
Days on Market162
Property Features for 687 Islay
General Information
- Standard status
- Active
- Lot size
- 0.50 Acres
- Property subtype
- Multifamily
Listing agency
Richardson Sotheby's International Realty
(805) 543-7727
Listed by
Linda Wilson · License #01045160
Source
Crexi
Added: Feb 9 Updated: Jul 6 at 1:36PM Checked: Jul 19 at 7:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Richardson Sotheby's International Realty
Investment Insights
Based on property information with market context.
This historic Victorian residence, constructed in 1895, is situated on a prominent property in downtown San Luis Obispo. The restored residence, updated over the past 50 years, is set on nearly a half-acre of usable land and includes nine residential units. The unit mix comprises three one-bedroom residences and six studio units with lofts. Additionally, there are nine outbuildings on the property, which are utilized as garages, storage spaces, a bicycle garage, a social room, and a laundry facility. The property retains its historic character through ornate Victorian detailing, original redwood construction with Douglas fir accents, soaring 12-foot ceilings, and expansive windows, while incorporating modern conveniences. A large basement, park-like grounds, patio areas, and a barbecue space enhance the property's appeal. The existing income-producing layout 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 an opportunity for investors and owner-users.
Key Highlights
- Historic Victorian residence on a large (nearly half‑acre) downtown lot.
- Income‑producing property with nine residential units (3 one‑bedroom, 6 studio lofts).
- Development potential for expansion and increased density (subject to approvals).
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Iconic Victorian residence with income potential in downtown San Luis Obispo.
Where is this apartment building located?
The property is located at 687 Islay San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Historic Victorian residence on a large (nearly half‑acre) downtown lot.; Income‑producing property with nine residential units (3 one‑bedroom, 6 studio lofts).; Development potential for expansion and increased density (subject to approvals).
