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505 Brizzolara Street San Luis Obispo, CA $ 4,425,000
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505 Brizzolara Street
$ 4,425,000
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505 Brizzolara Street

San Luis Obispo, CA, 93401
$ 4,425,000
Baths1.0 Sq 7,894

Monthly Estimate*

$ 27,245

Listed by Radius Group Commercial RE
505 Brizzolara Street, San Luis Obispo, CA 93401 - Image 1
505 Brizzolara Street, San Luis Obispo, CA 93401 - Image 2
505 Brizzolara Street, San Luis Obispo, CA 93401 - Image 3
505 Brizzolara Street, San Luis Obispo, CA 93401 - Image 4
505 Brizzolara Street, San Luis Obispo, CA 93401 - Image 5
505 Brizzolara Street, San Luis Obispo, CA 93401 - Image 6
505 Brizzolara Street, San Luis Obispo, CA 93401 - Image 7
505 Brizzolara Street, San Luis Obispo, CA 93401 - Image 8
505 Brizzolara Street, San Luis Obispo, CA 93401 - Image 9
505 Brizzolara Street, San Luis Obispo, CA 93401 - Image 10
505 Brizzolara Street, San Luis Obispo, CA 93401 - Image 11
505 Brizzolara Street, San Luis Obispo, CA 93401 - Image 12
505 Brizzolara Street, San Luis Obispo, CA 93401 - Image 13
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Studio

Multi-Family Home for sale in San Luis Obispo, CA

for $4,425,000 with 1 full bath. This 7,894 square foot home was built in 1963 on a lot size of 0.3742.

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)

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Multi-Family Active

Price

$ 4,425,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.3742

Year Built

1963

Town/City

San Luis Obispo

County/Region

San Luis Obispo

MLS | Web ID

V134654

Days on Market

11
Features
General
Heating None
Cooling None
Appliances Electric Range Refrigerator
HOA Fee 0
Garage Spaces 0
Pool Features None
Construction Materials Wood Siding
Year Built 1963
View None
Stories Count 2
Levels Two
Gross Income 270504
Community Features Park Suburban Sidewalks
County San Luis Obispo
Net Operating Income 221545
Operating Expense 112952
Insurance Expense 7816
Property Type Residential Income
Subdivision Name Not Applicable
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions From 101: take Peach St to Brizzolara continue onto Broad St Right on Peach St Right on Nipomo Left onto Brizzolara. Destination will be on the left.
City San Luis Obispo
Senior Community Y/N false
Number Of Units Total 12
MLS Area SLO - San Luis Obispo
Lot Size Units Square Feet
Lot Size Square Feet 16300
Number of Units Leased 9
Listing Terms Cash Cash to New Loan 1031 Exchange
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 1208
Fuel Expense 727
Trash Expense 5244
Water Sewer Expense 9104
Rent Control Y/N true
Standard Status Active
Year Built Source Public Records
Cap Rate 5.01
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Interior
Interior Amenities Beamed Ceilings Balcony Multiple Staircases
Flooring Carpet Laminate Tile
Fireplace Features None
Common Walls No Common Walls
Air Conditioning Y/N false
Heating Y/N false
Fireplace Y/N false
Laundry Features Common Area
Total Baths 0
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Exterior
Fencing Wood
Parking Features Concrete Off Street
Lot Features Sprinklers None
Total Parking 16
Lot Size Area 16300
Number of Buildings 1
Spa false
Building Area Total 7894
Lot Size Acres 0.3742
Private Pool false
Lot Size Source Public Records
Number of Separate Water Meters 1
Number of Separate Gas Meters 12
Number of Separate Electric Meters 12
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* Excluded Features
List By
Radius Group Commercial Re

Broker

sgolis@radiusgroup.com

Email

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$27,245
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Monthly Principal & Interest
$27,245
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/13/2026$4,425,000 Listed Price

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505 Brizzolara Street, San Luis Obispo, CA, 93401 is a Multi-Family Home for sale at $4,425,000 with 7,894 sqft and a lot size of 0.3742. 505 Brizzolara Street is a studio with 1.0 baths and was built in 1963. The property's zip code is 93401 which is in San Luis Obispo, CA

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