Richardson Sotheby's International Realty
Listed by Richardson Sotheby's International Realty
$4,100,000
135 Ferrini Road
Details
APN 052032047
Property Type Multifamily
Sub Type Apartment Building
Units 5
Cap Rate 4.71%
Buildings 5
Acreage 0.186
Zoning Assessor
Multifamily | 4.71% CAP | 5 Units
Marketing description
Located just minutes from Cal Poly and downtown San Luis Obispo, 135 Ferrini Rd presents a rare opportunity to acquire a 5 unit fully leased, purpose-built student housing investment completed in 2018. The property is currently generating $24,775 in monthly gross income ($297,300 annually) and offers modern construction, efficient floor plans, and strong in-place cash flow. Ideally situated in one of San Luis Obispo's most desirable rental locations, the property provides convenient access to Cal Poly, downtown, shopping, restaurants, public transit, nearby parks, and some of the area's most popular outdoor recreation, including the Bishop Peak and Madonna Mountain trail systems. With its excellent location, strong income, and contemporary construction, this turnkey investment is well positioned in one of California's most supply-constrained rental markets.
Listing Contacts
Richardson Sotheby's International Realty
Listed by Richardson Sotheby's International Realty
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