505 Brizzolara Street, SAN LUIS OBISPO, CA 93401 (MLS# 26-495)

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505 Brizzolara Street, SAN LUIS OBISPO, CA 93401

$4,425,000

Property Type: Res Inc Square Footage: 7,894 Lot Size (sq. ft.): 16,300 Status: Active

Current Price: $4,425,000 List Date: 2/13/2026 Last Modified: 2/13/2026

Overview

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. *Unit 12 was converted from office to studio. Buyer to verify permit status.

Listing Details MLS# 26-495

Location Info

District: 97 - OUT OF AREA
Street #: 505
Street Name: Brizzolara
Street Suffix: Street
State: CA
Country: US
Postal Code: 93401
County: Santa Barbara
Parcel Number: 002-392-018
Cross Street: Nipomo Street

Contract Info

Price: 4425000
Begin Date: 2026-02-13

Property Information

Number of Units: 11
Year Built: 1963
Main House SqFt: 7894
Apx Lot SqFt: 16300
Recurring Fees: No

Remarks

Hot Sheet Comment: new

Owner Info

Deposit: 3

Miscellaneous

Parking Spaces: 16

More Information

Unit 1

# Units: 10
# Bedrooms: 2
# Baths: Yes
Rent: 25350
Monthly Total: 25350
# Half Baths: 0

Unit 2

# Units: 2
# Baths: Yes
Rent: 2800
Monthly Total: 2800
# Bedrooms: 0

Meters

Sep Meter Wtr: Y
Sep Meter Gas: Yes

Parking Info

Total # Unconvered Spaces: 16

Neighborhood/Schools

Elementary School: Other
Junior High School: Other
High School: Other

Condition

Good: Yes

Proximity

Near Park(s): Yes
Near School(s): Yes
Near Shopping: Yes

Laundry

Laundry Room: Yes

Income/Expenses

Total Monthly Income: 27975
Gross Rent Multiplr: 13.18
Capitalization Rate: 5.01
NOI: 221545

Zoning

R-3: Yes

Reports Available

Prelim: Yes

Terms

Cash: Yes
Conventional: Yes

Listing Type

ER: Yes

Property Features

Condition: Good Proximity: Near Park(s); Near School(s); Near Shopping Laundry: Laundry Room Zoning: R-3 Reports Available: Prelim Terms: Cash; Conventional Listing Type: ER

Documents

Preliminary Report ›

Listing Office: Radius Group Commercial R.E.

Last Updated: February - 13 - 2026

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