505 Brizzolara Street, San Luis Obispo, CA 93401

$4,375,000

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List Price
$4,375,000
Status
ACTIVE
MLS#
V1-38406
Year Built
1963
Lot Size
16,300
Acres
0.37
Lot Location
Sprinklers None
Days on Market
1
Property Type
Multifamily
Stories
Two Levels
Neighborhood
Not Applicable

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)

Additional Information

Appliances
Electric Range, Refrigerator
Pool Description
None
Heat
None
Cooling Description
None
View
None
Exterior Construction
Wood Siding
Interior Features
Beamed Ceilings, Balcony, Multiple Staircases
Attached Structure
Detached
Number Of Units Total
12
Gross Scheduled Income
$338,100
Operating Expense
111765

Listing courtesy of Listing Agent: Steven Golis (sgolis@radiusgroup.com) from Listing Office: Radius Group Commercial RE.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.