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Listed by Steve Golis Radius Commercial RE
$ 3,900,000
Est. payment | /mo
22 Beds
12 Baths
7,894 SqFt
$ 3,900,000
Est. payment | /mo
22 Beds
12 Baths
7,894 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,894 sqft
Price per Sqft $494
MLS Listing ID 26001748
Bedrooms 22
Full Baths 12
Year Built 1963
Lot Size 0.370 Acres
Acres 0.37
Property Sub-Type Multi Family
Source North Santa Barbara County Regional MLS
Property Description
5.84% 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.
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.
Location
State CA
County San Luis Obispo
Interior
Heating Other Heat
Cooling Other
Heat Source Other Heat
Laundry Common
Exterior
Private Pool No
Building
Story 2
Foundation Slab, None
Sewer Public Sewer
Water Public
Others
Senior Community No
Tax ID 002-392-018
Acceptable Financing Cash, 1031 Exchange, Other
Listing Terms Cash, 1031 Exchange, Other
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