main property photo 0
main property photo 1
main property photo 2
main property photo 3
main property photo 4
main property photo 5
main property photo 6
main property photo 7
main property photo 8
main property photo 9
main property photo 10
main property photo 11
main property photo 12
View All (13)
property photo 1
property photo 2
property photo 3
505 Brizzolara St , San Luis Obispo, CA 93401
$3,900,000
Est. Payment: $21,404.66/mo
2 Bed
2 Bath
7894 Sqft
0.37 Acres
Status: Active | Days on site: 35
Get Pre-Qualified
V6544 - VC199501844
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Chris Heller, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
Agent profile image
Chris Heller
View agent profile
Email
Call

House 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)
Show more

Highlights

Listed by Steven Golis , (805) 965-5500 Radius Group Commercial RE , (805) 455-6891. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.37

Year Built

1963

County

San Luis Obispo

Area

SLO - San Luis Obispo

 Neighborhood

Not Applicable

Listing ID

V1-38406

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:2
Appliances:Electric Range, Refrigerator
Floor:Carpet,Laminate,Tile
Other:
  • ▪ Additional:Beamed Ceilings, Balcony, Multiple Staircases

Exterior Features

Lot:Sprinklers None,No Land Lease
Garage Capacity:16
Others:
  • ▪ Additional:Wood Siding, 2+ Total Units
Parking Features:Concrete,Off Street
Principal Interest
$21,405
Taxes
$2,486

Home Price

$3,900,000

Loan Details

30 yrs
7.307%

Down Payment

20%
$780,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$21,404.66

Principal

Taxes

Principal Taxes HOA Total
Monthly $21,404.66 $2,486.25 $0.00 $23,890.91
Yearly $256,855.89 $29,835.00 $0.00 $286,690.89
Total $7,705,676.55 $895,050.00 $0.00 $8,600,726.55

Today's Rates

30 Year

7.31%

20 Year

7.2%

15 Year

6.65%

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Oct 2026

Average Price

All Price Ranges
N/A
Oct 2026

Average Days on Market

All Price Ranges
N/A
Oct 2026
Market insight data is pulled from the same city as the listing being viewed (San Luis Obispo, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-03T21:11:42.000Z

© 2026 CRMLS/Multi-Regional MLS

MLS Logo - CRMLS/Multi-Regional MLS