505 Brizzolara Street, San Luis Obispo, CA 93401

San Luis Obispo
Local realty services provided by:ERA Excel Realty
505 Brizzolara Street,San Luis Obispo, CA 93401
$3,900,000
  • - Beds
  • - Baths
  • 7,894 sq. ft.
  • Multi-family
  • Active
Listed by: steven golis
Office: radius group commercial re805-455-6891
MLS#:V1-38406
Source:CRMLS

Price summary

  • Price:$3,900,000
  • Price per sq. ft.:$494.05

About this home

5.84% Current CAP Rate! Set amid lush landscaping in a serene, park-like setting, 505 Brizzolara Street is a 12-unit multifamily property* in the heart of San Luis Obispo. The asset consists of ten (10) two-bedroom/one-bathroom apartments and two studios, all well maintained and featuring gracious floor plans filled with natural light and charm. Select upstairs units showcase exposed wood-beamed ceilings, adding warmth and character.Residents benefit from a private parking lot, on-site laundry, and a communal patio area. The centrally located property is moments from all that San Luis Obispo has to offer, with downtown shopping, dining, and entertainment within walking distance and Cal Poly just two miles away. This is a rare opportunity to acquire a quality investment asset in a premier San Luis Obispo neighborhood. Unit 12 was converted from an office to a studio in 2024. The work was not permitted.Recent CapEX: Zinsco electrical replacement, brand new main panel (2020)New roof &...

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Home facts

  • Year built:1963
  • Subdivision & Development:Not Applicable
  • Listing ID #:V1-38406
  • Added:62 day(s) ago
  • Updated:October 28, 2026 at 12:01 PM

Rooms and interior

  • Flooring:Carpet, Laminate, Tile
  • Kitchen Description:Electric Range, Refrigerator
  • Living area:7,894 sq. ft.

Structure and exterior

  • Year built:1963
  • Building area:7,894 sq. ft.
  • Lot area:0.37 Acres
  • Construction Materials:Wood Siding
  • Levels:2 Story

Finances and disclosures

  • Price:$3,900,000
  • Price per sq. ft.:$494.05

Features and amenities

  • Appliances:Electric Range
  • Amenities:Balcony, Beamed Ceilings, Multiple Staircases

Parking

  • Total parking spaces:16
  • Parking description:Concrete, Off Street
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