Date
Details
Price
Change
Source
2/13/2026
Listed
$3,900,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/26
$3,900,000
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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.
Full Property Details
Full Property Details for 687 Islay
General
- Price: $3,900,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: SC26013167
- Updated: 2/19/2026
- Days on Market: 13 days
- Added to Site: 13 day(s) ago
Interior
- Rooms/Areas: Attic, Basement, Bonus Room, Center Hall, Formal Entry, Foyer, Laundry
- Interior Features: Built-in Features, Ceiling Fan(s), High Ceilings, Laminate Counters, Storage, Wainscoting
- Fireplace(s): Gas, Free Standing
- Appliances: Dishwasher, Gas Range, Refrigerator, Water Heater
- Flooring: Carpet, Wood
Rooms
Other Rooms
- Laundry: Community, Gas Dryer Hookup
Additional Information
- Pool Description: None
- Spa Description: None
Exterior
- Exterior Features: Lighting
Parking
- Garage Spaces: 6
- Parking Features: Driveway, Unpaved, Driveway Level, Garage Faces Side, Garage (Single Door), Off-Site, On-Site, Side-by-Side, Unassigned
- Parking: Driveway, Unpaved, Driveway Level, Garage Faces Side, Garage (Single Door), Off-Site, On-Site, Side-by-Side, Unassigned
Location
- Area: SLO - San Luis Obispo
- County: San Luis Obispo
- Development Name: SLO - San Luis Obispo
- Driving Directions: Corner of Broad and Islay
Heating & Cooling
- Cooling Type: None
- Heating Type: Fireplace(s), Natural Gas, Wood Stove
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 10
- # Electric Meters: 10
Structural Information
- Architectural Style: Victorian
- Foundation: Concrete Perimeter, Raised, Stone
- Roof: Composition, Shingle
- Windows: Bay Window(s), Screens, Skylight(s), Wood Frames
- Doors: Double-Door Entry, Panel Doors, Sliding Doors
- Entry Location: front
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 5,888
- Year Built: 1895
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 5
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 6
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 7
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 8
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 9
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: Outbuilding, Shed(s), Storage, Workshop
Lot Features
- Property View: City Lights, Hills, Neighborhood
- Lot Size (Acres): 0.476
- Lot Size (Sq. Ft.): 20,735
- Lot Size Source: Assessor
- Lot Description: 6-10 Units/Acre, Back Yard, Corner Lot, Front Yard, Garden, Lawn, Level with Street, Lot 20000-39999 Sqft, Walking Street, Yard
Financial Considerations
- Price Per Sq. Ft.: $662.36
- Price Per Unit: 433333
Listed by Central Coast Sotheby's International Realty, Linda Wilson and Central Coast Sotheby's International Realty, Aimee Edsall
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Listing agents
— 687 Islay —
Linda Wilson
Central Coast Sotheby's International Realty
Aimee Edsall
Central Coast Sotheby's International Realty
805-801-3232
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 687 Islay
School District:San Luis Coastal Unified School District
| Name | Grades | Distance |
|---|---|---|
Hawthorne Elementary School, San Luis Obispo, CA 2125 Story Street, San Luis Obispo, CA 93401 | K-6 | 0.3 mi |
Laguna Middle School 11050 Los Osos Valley Road, San Luis Obispo, CA 93405 | 7-8 | 2.2 mi |
San Luis Obispo High School 1499 San Luis Drive, San Luis Obispo, CA 93401 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 687 Islay
Tax History
Tax History for 687 Islay
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,339
1%
$261,337
2%
2023
$3,306
—
$256,214
2%
2023
$3,306
6%
$251,192
2%
2022
$3,113
3%
$246,267
2%
2021
$3,034
1%
$241,439
1%
2020
$3,002
1%
$238,965
2%
2019
$2,959
2%
$234,281
2%
2018
$2,909
2%
$229,688
2%
2017
$2,849
-5%
$225,186
2%
2016
$3,005
29%
$220,771
2%
2015
$2,331
-5%
$217,456
2%
2014
$2,459
—
$213,197
—
2013
$2,450
—
$212,235
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 687 Islay
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687 Islay, San Luis Obispo, CA 93401 (MLS# SC26013167) is a Multi-Family property with 9 units containing 0 bedrooms and 0 full bathrooms. 687 Islay is currently listed for $3,900,000 and was received on February 13, 2026. Want to learn more about 687 Islay? Do you have questions about finding other Multi-Family real estate for sale in San Luis Obispo? You can browse all San Luis Obispo real estate or contact a Coldwell Banker agent to request more information.