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
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.
More Information MLS# 26-495
Location Info
Country: US
Cross Street: Nipomo Street
District: 97 - OUT OF AREA
Street #: 505
Street Name: Brizzolara
Street Suffix: Street
State: CA
Postal Code: 93401
County: Santa Barbara
Parcel Number: 002-392-018
Property Information
Year Built: 1963
Apx Lot SqFt: 16300
Main House SqFt: 7894
Recurring Fees: No
Number of Units: 11
Neighborhood/Schools
Elementary School: Other
Junior High School: Other
High School: Other
Owner Info
Deposit: 3
Remarks
Hot Sheet Comment: new
Condition
Good: 1
Miscellaneous
Parking Spaces: 16
Proximity
Near Park(s): 1
Near School(s): 1
Near Shopping: 1
Laundry
Laundry Room: 1
Unit 1
# Units: 10
# Bedrooms: 2
# Baths: 1
# Half Baths: 0
Rent: 25350
Monthly Total: 25350
Income/Expenses
Total Monthly Income: 27975
Gross Rent Multiplr: 13.18
Capitalization Rate: 5.01
NOI: 221545
Unit 2
# Units: 2
# Bedrooms: 0
# Baths: 1
Rent: 2800
Monthly Total: 2800
Zoning
R-3: 1
Reports Available
Prelim: 1
Terms
Cash: 1
Conventional: 1
Listing Type
ER: 1
Meters
Sep Meter Wtr: Y
Sep Meter Gas: Yes
Parking Info
Total # Unconvered Spaces: 16
Contract Info
Current Price: $4,425,000
Price: 4425000
Begin Date: 2026-02-13
Status: Active
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
Listing Office:
Radius Group Commercial R.E.
Last Updated: February - 13 - 2026
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All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor displaying broker shall be responsible for any typographical errors, misinformation, or misprints. 2015 Santa Barbara Multiple Listing Service. All rights reserved.

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