$3,900,000
Price decreased by $475,000 on Oct 01, 2026

Multi Family In San Luis Obispo

  • 22 Beds
  • 12 Baths
  • 7,894 Sqft
  • 16,118 Sqft lot
  • Updated: October 1
  • Source:
    North Santa Barbara County Regional MLS  MLS#26001748

About the Property

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,
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.
…
  • Property type

    Other

  • Year built

    1963

  • Price/sqft

    $494

Features

  • Garden
  • Mountain View
  • Terrace
  • Investment Property
  • Parking
  • Balcony
  • Office
  • Laundry Room

Explore the Area

505 Brizzolara Street, San Luis Obispo, California, United States View on Google Maps
Price per sqft
Low
High

View 99 more listings in San Luis Obispo

Radius Commercial RE - Santa Barbara

Joined 7 months ago
Your message
You have inquired about this property

The agent will contact you soon by

Listed by

Radius Commercial RE - Santa Barbara
California, United States
View agency profile
8
Listings
2026
Joined

Book home tour with the agent

Choose a date and whether you'd like a virtual or in-person tour with the agent.

In-person tour
Preferred date
Tour type
Radius Commercial RE - Santa Barbara
Santa Barbara, California, United States
View agency profile
Last updated
October 1
First listed
August 27
Listing reference
26001748
Listing status
Call

Start phone call with:

Hello, I’m calling for the property with the reference 26001748, which I discovered on JamesEdition.

After the call, we'll provide your contacts to the agent for easy communication.

brokerages we
partnered with