505 Brizzolara Street, San Luis Obispo, CA — listing photo 1
1 / 4
FOR SALE

505 Brizzolara Street

San Luis Obispo, CA 93401
16,300 Lot Sq Ft
Built 1963
$3,900,000
Price ReducedWas $4,375,000 — $3,900,000 (-$475,000)

Property Overview

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

Loading price history

Home Details

Property type
Residential Income
Year built
1963
Lot size
16,300 sq ft
Parking
16 spaces
Stories
2
Days on market
35
Cumulative days on market
196
MLS status
Active

Features & Amenities

Interior

  • Beamed Ceilings
  • Balcony
  • Multiple Staircases

Appliances

  • Electric Range
  • Refrigerator

Parking

  • Concrete
  • Off Street

Pool

  • None

Lot

  • Sprinklers None

Community, Schools & Utilities

Community

Subdivision
Not Applicable
View
None

Utilities

Heating
None
Cooling
None
Browse more homes for sale in San Luis Obispo

Location & Neighborhood

505 Brizzolara Street

San Luis Obispo, CA 93401

Open in Google MapsOpen in Apple Maps

Frequently Asked Questions About 505 Brizzolara Street

Property type: Residential Income

The current asking price is $3,900,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 505 Brizzolara Street. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1963. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in San Luis Obispo, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this San Luis Obispo property.
The MLS currently reports the property as Active. It has been listed for 35 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

Get More Info

Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

RB

Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Steven Golis
MLS ID: VC199501844

Available property

$3,900,000

CRMLS Logo

Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.