505 Brizzolara St - Apartments FOR SALE


San Luis Obispo, CA 93401
$4,425,000 USD
805-698-0174
505 Brizzolara St, San Luis Obispo, CA for Sale
$4,425,000 USD
Apartments - FOR SALE
1/22
null | 5.01% Cap Rate

505 Brizzolara St
San Luis Obispo, CA 93401


HIGHLIGHTS

  • Zinsco electrical replacement, brand new main panel (2020).
  • New roof & gutters installed (2020).
  • Exterior fully repainted (2023).
  • Back fence along creek replaced (2024).

OVERVIEW

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 Capital Expenditures · Zinsco electrical replacement, brand new main panel (2020) · New roof & gutters installed (2020) · Exterior fully repainted (2023) · Back fence along creek replaced (2024)

FOR SALE DETAILS

PRICE

$4,425,000 USD

PRICE/SF

$561 USD /SF

# OF UNITS

12

PRICE/UNIT

$368,750

CAP RATE

5.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12 Units Near DT SLO & Cal Poly

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,300 SF

ZONING

R3

APN/PARCEL ID

002-392-018

ASK ABOUT THIS PROPERTY

Steve GolisRadius Commercial Real EstateMore Info
805-698-0174

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Steve GolisRadius Commercial Real EstateMore Info
805-698-0174

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.