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$ 3,600,000
Est. payment | /mo
4 Beds
4 Baths
0.48 Acres Lot
$ 3,600,000
Est. payment | /mo
4 Beds
4 Baths
0.48 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision San Luis Obispo(380)
MLS Listing ID SC26013167
Bedrooms 4
Lot Size 0.476 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Built in 1895, this iconic Historic Victorian residence sits on one of downtown San Luis Obispos 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 propertys 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
Zoning Assessor
Direction Corner of Broad and Islay
Interior
Heating Fireplace
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 003631006
Acceptable Financing Cash
Listing Terms Cash
Virtual Tour https://687islay.com/
Listed by Linda Wilson, DRE#01045160 Central Coast Sotheby's International Realty
Nearby Locations
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