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505 Brizzolara Street

San Luis Obispo, CA 93401
  • $4,425,000
  • STATUS: Active
  • ON SITE: 58 Days
  • ID#: V1-34654
UPDATED: 44 min ago
$4,425,000
  • 0
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Listing Agent(s): Steven Golis of Radius Group Commercial RE ((805) 455-6891)


Description

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 & gutters installed (2020)Exterior fully repainted (2023)Back fence along creek replaced (2024)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-04-13T13:32:40.183. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Equity Union. Licensed in the State of California, USA.
www.kennyrealestategroup.com/homes/173039609
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505 Brizzolara Street San Luis Obispo, CA 93401

  • Price: $4,425,000
  • Status: Active
  • On Site: 58 Days
  • Updated: 44 min ago
  • ID#: V1-34654
0
Beds
0
Baths
0
½ Baths
0.37
Acres
1963
Built
Neighborhood:
Not Applicable
County:
San Luis Obispo
Area:
SLO - San Luis Obispo
Property Description
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 & gutters installed (2020)Exterior fully repainted (2023)Back fence along creek replaced (2024)
Exterior Features

Construction Materials Wood Siding Fencing Wood Lot Features Sprinklers None Number Of Separate Electric Meters 12 Parking Features ConcreteOff Street Parking Total 16 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Electric RangeRefrigerator Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminateTile Heating None Heating YN No Interior Features Beamed CeilingsBalconyMultiple Staircases

Property Features

Association Fee 0 Cap Rate 5.01 Community Features ParkSuburbanSidewalks Electric Expense 1208 Fuel Expense 727 Garage YN No Gross Income 270504 Gross Scheduled Income 335700 Insurance Expense 7816 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Net Operating Income 221545 Number Of Separate Gas Meters 12 Number Of Separate Water Meters 1 Number Of Units Leased 9 Operating Expense 112952 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Trash Expense 5244 Water Sewer Expense 9104



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-04-13T13:32:40.183. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Equity Union. Licensed in the State of California, USA.
 
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Equity Union
860 Walnut St. Ste C
San Luis Obispo CA, 93401
Listing Agent(s): Steven Golis of Radius Group Commercial RE ((805) 455-6891)