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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

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
Listing Office: Radius Group Commercial R.E.
IDX
Last Updated: February - 13 - 2026
The data relating to real estate for sale on this web site comes from the Internet Data Exchange Program of the Santa Barbara Multiple Listing Service. Real estate listings held by brokerage firms other than the displaying broker(s) are marked with the 'MLS' logo and detailed information about them includes the name of the listing brokers. 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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