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$3,900,000

FOR SALE
Active

505 Brizzolara Street

San Luis Obispo, CA

MLS# V1-38406

72 days on marketNalren refreshed

Listing Agent

Steven Golis

Listing Agent

Radius Group Commercial RE

DRE #: 00772218

sgolis@radiusgroup.com

Brokerage: Radius Group Commercial RE

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

1963

Year Built

0.37 acres

Lot Size

N/A

Price/Sq Ft

0

Garage Spaces

N/A

HOA

N/A

Property Type

Description

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)

Facts & Features

Interior

Fireplace
No
Laundry Features
Community Laundry
Appliances
Electric Range, Refrigerator
Flooring
Carpet, Laminate, Tile
Interior Features
Balcony, Beamed Ceilings, Multiple Staircases

Exterior

Private Pool
No
Fencing
Wood
Lot Features
Sprinklers None

Building

Year Built
1963
Building Area Total
7,894
Levels
Two
Stories Total
2

Utilities

Heating
None
Cooling
None

Parking

Garage Spaces
0
Parking Features
Concrete, Off Street
Parking Total
16

Community / HOA

Association Fee
$0

Sale history for 505 Brizzolara Street

  • Sold $3,400,000 in December 2019 · MLS #SC19203541 · Source: CRMLS

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CRMLS

MLS# V1-38406

Listed:

Nalren refreshed:

Last updated

© 2026 California Regional Multiple Listing Service, Inc. Based on information from the California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Radius Group Commercial RE

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.