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29727297
29727296

505 Brizzolara St, San Luis Obispo, CA 93401

JG
CA 02197493
Radius Commercial Real Estate & Investments
SG
CA 00772218
Radius Commercial Real Estate & Investments Santa Barbara
Radius Commercial Real Estate & Investments Santa Barbara
Listed by Radius Commercial Real Estate & Investments, Radius Commercial Real Estate & Investments Santa Barbara
$4,425,000
113 days on market
Updated 113 days ago

505 Brizzolara Street

Details
APN 002-392-018
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,894
Units 12
Cap Rate 5.01%
NOI $221,545
Pro-Forma Cap Rate 5.29%
Pro-Forma NOI $236,347
Year Built 1963
Buildings 1
Stories 2
Lot Size (SqFt) 16,300

12 Unit Multifamily Asset Near Downtown SLO & Cal Poly

Marketing 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.

Investment highlights

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)

Listing Contacts

JG
CA 02197493
Radius Commercial Real Estate & Investments
SG
CA 00772218
Radius Commercial Real Estate & Investments Santa Barbara
Radius Commercial Real Estate & Investments Santa Barbara
Listed by Radius Commercial Real Estate & Investments, Radius Commercial Real Estate & Investments Santa Barbara

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$221,545.00
$18,462.08/mo

Valuation Metrics

0
DSCR
5.01%
Cap Rate
5.01%
ROI

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Additional Information

Name
Jack Gilbert
License
02197493
Brokerage
Radius Commercial Real Estate
Brokerage Phone
(805) 965-5500
Title
Senior Associate
Brokerage Address
226 East De La Guerra Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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