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Iris Deng

irisdenghomes@gmail.com +1(650) 351-5188

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

$ 2,600,000

Est. payment -/mo

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Price Dropped by $300K

687 Islay San Luis Obispo, CA 93401

0.48 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSC26013167

Style Victorian

Year Built 1895

Lot Size 0.476 Acres

Source California Regional MLS

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

Kitchen Dishwasher, Oven Range - Gas, Refrigerator

Interior

Heating Gas, Stove - Wood, Fireplace

Cooling None

Laundry Gas Hookup, Washer/Dryer - Owned, Community Facility

Exterior

Parking Features Unassigned Spaces, Garage, Common Parking Area, Off-Site Parking, Other, Side By Side

Garage Spaces 15.0

Pool 31, None

View Hills, Local/Neighborhood, City Lights

Roof Type Shingle,Composition

Building

Lot Description Grade - Level

Foundation Raised, Unreinforced Masonry, Concrete Perimeter

Water Hot Water, District - Public

Architectural Style Victorian

Others

Tax ID 003631006

Special Listing Condition Not Applicable

Iris Deng

Realtor | License ID: DRE# 02173949

+1(650) 351-5188 | irisdenghomes@gmail.com

Iris Deng

687 Islay San Luis Obispo, CA 93401

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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687 Islay