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    687 Islay San Luis Obispo, CA 93401

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    Claim this Listing
    For Sale
    $2,900,000

    Victorian, Apartment - San Luis Obispo, CA

    Type:Apartment
    Property size:
    5,888 SF
    Lot size:
    20,735.00 Acres
    Price / SF:
    $492/SF
    Added:
    Feb 13, 2026
    Days on Market:
    84
    Last Refresh:
    May 8 at 2:06 pm

    Property Features for 687 Islay

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Bedrooms
    9
    Bathrooms
    9
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bonus Room, Laundry
    Parking
    15
    Parking features
    Driveway, Garage, Offsite, Side by Side, Unassigned
    Window features
    Skylight(s)
    Interior features
    Laminate Counters, Built-in Features, Wainscoting, High Ceilings, Ceiling Fan(s), Storage, None, Sliding Doors, Double Door Entry, Panel Doors, Carbon Monoxide Detector(s), Window Features: Bay Window(s), Wood Frames, Skylight(s), Screens
    Exterior features
    Fence, Community Features Included: Biking, Street Lights, Urban, Storm Drains, Yard, Lawn, Level With Street, Front Yard, Back Yard, Lot 20000-39999 Sqft, Walkstreet, 6-10 Units/Acre, Garden, Corner Lot
    Fencing
    Fenced
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Range, Range - Gas, Refrigerator, Washer
    Standard status
    Active
    APN
    003631006
    Size
    5,888 SF
    Lot size
    20,735.00 Acres

    Utilities

    Heating system
    Fireplace(s), Natural Gas, Wood (Heating), Wood Stove
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1895
    Floors in Building
    2
    Number of units
    9
    Flooring type
    Carpet, Wood
    Building materials
    Lap Siding, Redwood Siding, Wood Siding
    Roof type
    Composition, Shingle
    Architectural style
    Victorian

    We can help!

    Listing Contact
    Linda Wilson

    Listing agent Linda Wilson License #01045160

    Listing office Central Coast Sotheby's International Realty 711 Tank Farm Rd, San Luis Obispo, CA

    Listing date Feb 13, 2026

    MLS# SC26013167 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Historic Victorian residence built in 1895, restored and featuring original redwood with Douglas fir accents.
    • Income‑producing property with nine residential units (three 1‑bedroom, six studio lofts).
    • Large, nearly half‑acre lot with park‑like grounds, patio areas, and barbecue space.
    • Potential for future expansion and increased density, subject to local approvals.
    • Includes nine outbuildings for garages, storage, bicycle garage, social room, and laundry.
    • Features soaring 12‑foot ceilings and expansive windows.

    Overview

    Historic Victorian Residence in San Luis Obispo

    This historic Victorian residence, constructed in 1895, is situated on a prominent property in downtown San Luis Obispo. The restored residence, set on nearly half an acre of usable land, currently features nine residential units. These include three one-bedroom residences and six studio units with lofts. The property also includes nine outbuildings, which serve as garages, storage, a bicycle garage, a social room, and a laundry facility. The property preserves 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 barbecue space enhance the property's appeal. 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 an opportunity for investors and owner-users. The building has a size of 5888 square feet and the lot has a size of 0.476 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Luis Obispo
    County
    San Luis Obispo
    State
    California
    Longitude
    -120.6613248
    Latitude
    35.2747178

    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 built in 1895, restored and featuring original redwood with Douglas fir accents.; Income‑producing property with nine residential units (three 1‑bedroom, six studio lofts).; Large, nearly half‑acre lot with park‑like grounds, patio areas, and barbecue space.
    More about this property
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