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505 Brizzolara St

San Luis Obispo, CA 93401

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$4,425,000

7,894 sq ft
  |  
0.37 acre

505 Brizzolara St

San Luis Obispo, CA 93401

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Listed On: 02/13/2026
Status: Active
Listing Number: V1-34654 (CRMLS)

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Contact Info

Advertising Agent:

London Properties, Ltd.
London Properties, Ltd. 559.436.4071 Email Agent
Property Description
Listing Agent: Steven Golis, Radius Group Commercial RE

 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)
Year Built
1963
Year Built Source
Public Records
Special Listing Conditions
Standard
Levels
Two
Number Of Buildings
1
Number Of Units Total
12
Price Per Square Foot
$561
Days On London
11
Cumulative Days On London
11
County Or Parish
San Luis Obispo
Property Attached Y/N
No
Rent Control Y/N
Yes
Cooling Y/N
No
Fence Y/N
Yes
Heating Y/N
No
Directions
From 101: take Peach St to Brizzolara, continue onto Broad St, Right on Peach St, Right on Nipomo, Left onto Brizzolara. Destination will be on the left.
Heating
None
Cooling
None
Laundry Y/N
Yes
Laundry Features
Common Area
Construction Materials
Wood Siding
Appliances Y/N
Yes
Appliances
Refrigerator, Electric Range
Interior Features
2 Staircases,Balcony,Beamed Ceilings
Flooring
Carpet, Tile, Laminate
Common Walls
No Common Walls
Fireplace Y/N
No
Fireplace Features
None
Pool Features
None
Pool Private Y/N
No
Spa Y/N
No
Spa Features
None
Number Of Separate Electric Meters
12
Number Of Separate Gas Meters
12
Number Of Separate Water Meters
1
Parking Y/N
Yes
Parking Total
16.00
Parking Features
Concrete, Off Street
Lot Features
Sprinklers None
Lot Size Area
16300.0000
Lot Size Units
Square Feet
View Y/N
No
View
None
Fencing
Wood
Parcel Number
002392018
Subdivision Name
Not Applicable
Subdivision Name Other
Not Applicable
Community Features
Park, Sidewalks, Suburban
Senior Community Y/N
No
Number Of Units Leased
9
Gross Income
270504.00
Operating Expense
112952.00
Land Lease Y/N
No
Assessments
None
Insurance Expense
7816.00
Electric Expense
1208.00
Water Sewer Expense
9104.00
Trash Expense
5244.00
Fuel Expense
727.00
Professional Management Expense
13525.00
Gross Scheduled Income
335700.00
Gross Income
270504.00
Total Expenses
112952.00
Net Operating Income
221545.00
Operating Expense
112952.00
Gross Income
270504.00
Net Operating Income
221545.00
Cap Rate
5.01

The data relating to real estate for sale on this web site comes in part from the Internet Data eXchange (IDX) of the Multiple Listing Service. Real estate listings are marked with the IDX logo and detailed information about them includes the name of the listing broker and the name of the listing agent. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Information herein deemed reliable but not guaranteed, representations are approximate, individual verification recommended.

Copyright © 2026  London Properties, Ltd. All rights reserved.

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