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505 Brizzolara Street, San Luis Obispo, CA 93401

$3,900,000

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List Price: $3,900,000
Status: ACTIVE
MLS#: 26-2861
Price Change: ▼ $475,000 1790826623
Region: OUT OF AREA
Year Built: 1963

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Property Description

5.84% Current CAP! 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.

805-452-0440

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Additional Information

Elementary School: Other
Middle School: Other
High School: Other
Acres: 0.37
Capitalization Rate: 5.84
Foundation: Slab
Laundry: Laundry Room
Other Income: 6086
Parking Garage: On Street, Outside
Region: OUT OF AREA
Terms: Cash, Conventional
Units: 12
Zoning: R-3