135 Ferrini Road San Luis Obispo, CA $ 4,100,000
135 Ferrini Road
$ 4,100,000
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135 Ferrini Road

San Luis Obispo, CA, 93405
$ 4,100,000
Baths12.0 Sq 7,524

Monthly Estimate*

$ 25,888

Listed by Central Coast Sotheby's International Realty
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Studio

Single Family Home for sale in San Luis Obispo, CA

for $4,100,000 with 12 full baths. This 7,524 square foot home was built in 2018 on a lot size of 0.186.

Located just minutes from Cal Poly and downtown San Luis Obispo, 135 Ferrini Rd presents a rare opportunity to acquire a 5 unit fully leased, purpose-built student housing investment completed in 2018. The property is currently generating $24,775 in monthly gross income ($297,300 annually) and offers modern construction, efficient floor plans, and strong in-place cash flow. Ideally situated in one of San Luis Obispo's most desirable rental locations, the property provides convenient access to Cal Poly, downtown, shopping, restaurants, public transit, nearby parks, and some of the area's most popular outdoor recreation, including the Bishop Peak and Madonna Mountain trail systems. With its excellent location, strong income, and contemporary construction, this turnkey investment is well positioned in one of California's most supply-constrained rental markets.

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Single Family Active

Price

$ 4,100,000

Bedrooms

Studio

Full Bath

12

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

0.186

Year Built

2018

Town/City

San Luis Obispo

County/Region

San Luis Obispo

MLS | Web ID

SC26142002

Days on Market

1

Features
General
Sewer PublicSewer
Heating Central
Cooling CentralAir
Utilities CableAvailable ElectricityConnected NaturalGasConnected PhoneAvailable SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Composition
Appliances Dishwasher Disposal Microwave Refrigerator Dryer Washer
HOA Fee 0
Garage Spaces 0
Architectural Style Contemporary
Pool Features None
Security Features CarbonMonoxideDetectors FireSprinklerSystem SmokeDetectors
Construction Materials Stucco
Year Built 2018
Tenant Pays Electricity Gas Sewer Water
View CityLights Hills Mountains Neighborhood
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 3000
Community Features Biking Curbs Golf Hiking StormDrains StreetLights Sidewalks Park
County San Luis Obispo
Net Operating Income 193245
Operating Expense 104055
Insurance Expense 4552
New Construction false
Property Type ResidentialIncome
HOA false
Subdivision Name San Luis Obispo(380)
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions Foothill to Ferrini property is on your left.
City San Luis Obispo
Entry Location 1
Senior Community Y/N false
Number Of Units Total 5
MLS Area SLO - San Luis Obispo
Lot Size Units SquareFeet
Lot Size Square Feet 8100
Carport Spaces 10
Carport Y/N true
Number of Units Leased 5
Listing Terms Cash Conventional Exchange1031
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Property Condition Turnkey
Trash Expense 3772
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Tax Lot C
Total Actual Rent 24775
Property Sub Type Additional Apartment
Taxes 22000
Cap Rate 4.71
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Interior
Interior Amenities Balcony CeilingFans Storage
Flooring Carpet Vinyl
Fireplace Features None
Total Stories 3
Common Walls NoCommonWalls
Air Conditioning Y/N true
Heating Y/N true
Window Features Blinds DoublePaneWindows Screens
Fireplace Y/N false
Laundry Features WasherHookup LaundryCloset
Entry Level 1
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Exterior
Fencing Partial Wood
Parking Features Assigned Concrete Carport Driveway OnSite OffStreet
Lot Features NearPark RectangularLot StreetLevel
Water Source Public
Total Parking 10
Lot Size Area 8100
Foundation Details Combination Raised Slab
Number of Buildings 5
Spa false
Building Area Total 7524
Lot Size Acres 0.186
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Door Features SlidingDoors
Number of Separate Water Meters 5
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
Road Frontage Type CityStreet
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* Excluded Features
List By
Central Coast Sotheby's International Realty

Broker

andrew@richardsonproperties.com

Email

Affordability Calculator

$25,888
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Monthly Principal & Interest
$25,888
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Default based on a 30-year fixed rate of 6.49% 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
Pricing History
DatePricePrice ChangeDescription
7/6/2026$4,100,000 Listed Price

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135 Ferrini Road, San Luis Obispo, CA, 93405 is a Single Family Home for sale at $4,100,000 with 7,524 sqft and a lot size of 0.186. 135 Ferrini Road is a studio with 12.0 baths and was built in 2018. The property's zip code is 93405 which is in San Luis Obispo, CA