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No HOA
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Listed by: Steven Golis (805) 965-5500 DRE #00772218 | Radius Group Commercial RE (805) 455-6891
$3,900,000
Monthly Est:$19,412
2 Beds
2 Baths
7,894sqft
505 Brizzolara St, San Luis Obispo, CA 93401
$3,900,000
$19,412/moEst:
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Multi Family
Built in 1963
$-- HOA
16,300 sqft lot
$494/sq.ft
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)
- Houzeo last checked: 4 minutes ago
- Listing updated: September 30, 2026 at 11:00 pm
- Source: California Regional MLS-CA | MLS#: V1-38406
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1963
HOA Fees
-
Finished Area
7,894 sqft
Lot Size
16,300 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
V1-38406
MLS Status
Active
Days on Market
66
Cumulative Days on Market
196
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 2
Bathrooms: 2
Interior
Flooring
Carpet, Laminate, Tile
Heating
None
Appliances
Electric Range, Refrigerator
Cooling
None
Interior Features
Beamed Ceilings, Balcony, Multiple Staircases
Construction
Year Built
Year Built: 1963
Home type
Multi Family
Construction Materials
Wood Siding
Utilities & Energy
Pool Features
None
Fireplace Features
None
Laundry Features
Common Area
Parking Features
Concrete, Off Street
Other Features
Subdivision Name
Not Applicable
Community Features
Park, Suburban, Sidewalks
Lot Features
Sprinklers None
Price History
| Date | Event | Price |
|---|---|---|
08/25/2026 Source: | Listed for Sale | $4,375,000 +12.18% $554/sqft |
08/25/2026 Source: | Price Decreased | $3,900,000 -11.86% $494/sqft |
08/04/2026 Source: | Pending | $4,425,000 $561/sqft |
08/04/2026 Source: | Off Market | $4,425,000 $561/sqft |
02/12/2026 Source: | Listed for Sale | $4,425,000 +30.15% $561/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 01, 2026, 03:45PM 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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