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Listed by: Linda Wilson (805) 543-7727 DRE #01045160, Aimee Edsall DRE #01753340 | Central Coast Sotheby's International Realty (805) 781-6040
$2,600,000
Monthly Est:$12,941
9 Beds
9 Baths
5,888sqft
687 Islay #1-9, San Luis Obispo, CA 93401
$2,600,000
$12,941/moEst:
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Apartment
Built in 1895
$-- HOA
20,735 sqft lot
$442/sq.ft
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.
- Houzeo last checked: 12 minutes ago
- Listing updated: August 31, 2026 at 9:43 pm
- Source: California Regional MLS-CA | MLS#: SC26013167
Part of
Property Details
Status
Pending
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1895
HOA Fees
-
Finished Area
5,888 sqft
Lot Size
20,735 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SC26013167
MLS Status
Pending
Days on Market
146
Cumulative Days on Market
193
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 9
Interior
Exterior Features
Lighting
Sewer
Public Sewer
Interior Features
Built In Features, Ceiling Fans, High Ceilings, Laminate Counters, Paneling Wainscoting, Storage, Attic, Entrance Foyer
Heating
Fireplaces, Natural Gas, Wood Stove
Flooring
Carpet, Wood
Appliances
Dishwasher, Gas Range, Refrigerator, Water Heater
Cooling
None
Window Features
Bay Windows, Screens, Skylights, Wood Frames
Construction
Year Built
Year Built: 1895
Home type
Apartment
Foundation Details
Concrete Perimeter, Raised, Stone
Architectural Style
Victorian
Roof
Composition, Shingle
Construction Materials
Lap Siding, Redwood Siding, Wood Siding
Utilities & Energy
Water Source
Public
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Laundry Features
Common Area, Gas Dryer Hookup
Fireplace Features
Free Standing, Gas
Parking Features
Driveway Level, Door Single, Driveway, Garage, Off Site, On Site, Garage Faces Side, Side By Side, Unassigned, Unpaved
Pool Features
None
Security Features
Carbon Monoxide Detectors, Smoke Detectors
Electric
Electricity On Property
Other Features
Tenant Pays
Cable Tv, Electricity, Gas
Disclosures
Historical
Lot Features
Six To Ten Units Acre, Back Yard, Corner Lot, Front Yard, Garden, Lawn, Street Level, Walkstreet, Yard
Subdivision Name
San Luis Obispo(380)
Community Features
Biking, Storm Drains, Street Lights, Urban
Price History
| Date | Event | Price |
|---|---|---|
08/31/2026 Source: | Pending | $2,600,000 -10.34% $442/sqft |
05/15/2026 Source: | Listed for Sale | $2,900,000 $493/sqft |
05/11/2026 Source: | Pending | $2,900,000 $493/sqft |
05/07/2026 Source: | Price Decreased | $2,900,000 -19.44% $493/sqft |
04/19/2026 Source: | Price Decreased | $3,600,000 -7.69% $611/sqft |
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Getting Around 687 Islay
Bike Score®
Biker's Paradise
91/100
Walk Score®
Walker's Paradise
94/100
Transit Score®
Some Transit
36/100
Data provided by Redfin
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 09, 2026, 12:30AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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