The Penny, located in Downtown San Luis Obispo, is a Unique Event Venue Featuring an Open Floor Plan with an Industrial Indoor Space and Outside Courtyard. Flexible Rental Availability.Constructed in the 1930s to house a Blacksmith Shop, Historic Aesthetic Showcases Original Architecture, Exposed Brick, and Industrial Finishes with Modern Fixtures and Decor. Features 2,125 sq ft of Interior Space and 1,185 sq ft of Private Landscaped Patio Space.