$3,900,000
505 Brizzolara Street
San Luis Obispo, CA, 93401
5.84% Current 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.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)
Property Details
Price:
$3,900,000
MLS #:
V1-38406
Status:
Active
Beds:
0
Baths:
0
Type:
Multi Family
Neighborhood:
slosanluisobispo
Listed Date:
Aug 26, 2026
Total Sq Ft:
7,894
Lot Size:
16,300 sqft / 0.37 acres (approx)
Year Built:
1963
Units:
12
Schools
Interior
Appliances
Refrigerator, Electric Range
Cooling
None
Flooring
Tile, Carpet, Laminate
Heating
None
Interior Features
Beamed Ceilings, Balcony, 2 Staircases
Laundry Features
Common Area
Levels
Two
Exterior
Common Walls
No Common Walls
Community Features
Suburban, Sidewalks, Park
Construction Materials
Wood Siding
Fencing
Wood
Lot Features
Sprinklers None
Parking Features
Concrete, Off Street
Parking Spots
16
Parking Total
16
Spa Features
None
Stories
2
View
None
Financial
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
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Map
Current real estate data for Multi Family in San Luis Obispo as of Oct 19, 2026
10
Multi Family Listed
84
Avg DOM
$2,559,000
Avg List Price
Community
- Address505 Brizzolara Street San Luis Obispo CA
- SubdivisionNot Applicable
- CitySan Luis Obispo
- CountySan Luis Obispo
- Zip Code93401
Subdivisions in San Luis Obispo
Similar Listings Nearby
Property Summary
- Located in the Not Applicable subdivision, 505 Brizzolara Street San Luis Obispo CA is a Multi Family for sale in San Luis Obispo, CA, 93401. It is listed for $3,900,000 To schedule a showing of MLS#v1-38406 at 505 Brizzolara Street in San Luis Obispo, CA, contact your James Outland agent at 8057482262.
Courtesy of Radius Group Commercial RE. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than James Outland include the name of the listing broker. Neither the listing company nor James Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 505 Brizzolara Street
San Luis Obispo, CA