714-745-2708

505 Brizzolara Street, San Luis Obispo, CA 93401

$3,900,000 Approx. USD 0 beds, 0 baths

Reduced by $475,000 on 10/1/2026

Save My Notes

MORE INFO

Brochure

Marketed By The Keaty Team

View Team Members

Photo of Kevin Keaty

Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

Mortgage Calculator

GET PRE-APPROVED

Interested in This Property? Request Virtual Showing Your message will be sent to Kevin.
By submitting your information, you consent to be contacted by email, SMS message, and/or phone call. You may opt out at any time per our Privacy Policy.

Listing Agent

Steven Golis | sgolis@radiusgroup.com
Lic#: 00772218
Broker: Courtesy of Radius Group Commercial RE
Phone: (805) 965-5500

Agent Remarks

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)

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# V1-38406

List price is $3,900,000 Reduced by $475,000 on 10/1/2026

Price: $3,900,000

HOA Fee is $0.00

Beds: 0

Baths: 0

None fireplaces

Built in 1963

2 stories

0.37 acres

Lot size: 0.3742

Subdivision: Not Applicable

County: San Luis Obispo

Construction: Wood Siding

Interior features: Beamed Ceilings,Balcony,Multiple Staircases

Appliances: Electric Range,Refrigerator

Parking description: Concrete,Off Street

Lot description: Sprinklers None

Heating/cooling: None

Heating description: None

MLS area: SLO - San Luis Obispo

Last Updated: 10/1/2026

Days On Market (DOM): 41

Find more San Luis Obispo homes and real estate

Find more homes in 93401 zip code

This listing belongs to the SLO - San Luis Obispo MLS area

Find more homes in the Not Applicable subdivision

Lat/Long: 35.279368, -120.668809.
Find nearby listings

Source: CRM. Also Available in 26001748, 26-2861,

Mortgage Calculator

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

93401 Area Map

Demographics

Schools