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Donnie Bowen

[email protected] +1(949) 290-9754

$ 4,425,000

Est. payment | -/mo

0.37 Acres Lot

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$ 4,425,000

Est. payment | -/mo

Save

0.37 Acres Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-34654

HOA Y/N No

Year Built 1963

Lot Size 0.374 Acres

Property 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. 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)

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Interior

Interior Features Beamed Ceilings, Balcony, Multiple Staircases

Heating None

Cooling None

Flooring Carpet, Laminate, Tile

Fireplaces Type None

Fireplace No

Appliance Electric Range, Refrigerator

Laundry Common Area

Exterior

Parking Features Concrete, Off Street

Fence Wood

Pool None

Community Features Park, Suburban, Sidewalks

View Y/N No

View None

Total Parking Spaces 16

Private Pool No

Building

Lot Description Sprinklers None

Story Two

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 002392018

Energy Description 727.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Lease Land No

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Steven Golis Radius Group Commercial RE [email protected], DRE #00772218

NEARBY SCHOOL & BUSINESS

+1(949) 290-9754

[email protected]

22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA

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505 Brizzolara ST San Luis Obispo, CA 93401