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Price Drop: $150K (09/30)
No HOA
Street View
Listed by: Andrew Richardson (805) 781-6040 DRE #01872187 | Central Coast Sotheby's International Realty (805) 781-6040
$3,950,000
Monthly Est:$19,661
9 Beds
12 Baths
7,524sqft
135 Ferrini Rd, San Luis Obispo, CA 93405
$3,950,000
$19,661/moEst:
Get Pre-Approved
Apartment
Built in 2018
$-- HOA
8,100 sqft lot
$525/sq.ft
Description
Located just minutes from Cal Poly and downtown San Luis Obispo, 135 Ferrini Rd presents a rare opportunity to acquire a 5 unit fully leased, purpose-built student housing investment completed in 2018. The property is currently generating $24,775 in monthly gross income ($297,300 annually) and offers modern construction, efficient floor plans, and strong in-place cash flow. Ideally situated in one of San Luis Obispo's most desirable rental locations, the property provides convenient access to Cal Poly, downtown, shopping, restaurants, public transit, nearby parks, and some of the area's most popular outdoor recreation, including the Bishop Peak and Madonna Mountain trail systems. With its excellent location, strong income, and contemporary construction, this turnkey investment is well positioned in one of California's most supply-constrained rental markets.
- Houzeo last checked: 22 minutes ago
- Listing updated: September 30, 2026 at 8:49 pm
- Source: California Regional MLS-CA | MLS#: SC26142002
Part of
Property Details
Status
Active Under Contract
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
2018
HOA Fees
-
Finished Area
7,524 sqft
Lot Size
8,100 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
SC26142002
MLS Status
ActiveUnderContract
Days on Market
97
Cumulative Days on Market
86
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 12
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Sewer
Public Sewer
Window Features
Blinds, Double Pane Windows, Screens
Cooling
Central Air
Flooring
Carpet, Vinyl
Heating
Central
Interior Features
Balcony, Ceiling Fans, Storage
Construction
Year Built
Year Built: 2018
Home type
Apartment
Roof
Composition
Construction Materials
Stucco
Foundation Details
Combination, Raised, Slab
Property Condition
Turnkey
Architectural Style
Contemporary
Utilities & Energy
Fireplace Features
None
Pool Features
None
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Laundry Features
Washer Hookup, Laundry Closet
Parking Features
Assigned, Concrete, Carport, Driveway, On Site, Off Street
Security Features
Carbon Monoxide Detectors, Fire Sprinkler System, Smoke Detectors
Water Source
Public
Other Features
Tenant Pays
Electricity, Gas, Sewer, Water
Subdivision Name
San Luis Obispo(380)
Lot Features
Near Park, Rectangular Lot, Street Level
Community Features
Biking, Curbs, Golf, Hiking, Storm Drains, Street Lights, Sidewalks, Park
Price History
| Date | Event | Price |
|---|---|---|
09/30/2026 Source: | Contingent (Active Under Contract) | $3,950,000 $525/sqft |
09/16/2026 Source: | Price Decreased | $3,950,000 -3.66% $525/sqft |
07/06/2026 Source: | Listed for Sale | $4,100,000 $545/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 12, 2026, 10:30AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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