John E Burge

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505 Brizzolara StreetSan Luis Obispo, CA 93401

Multi-Family · 7,894 Sq. ft. | 0.37 Acres
$4,425,000 Active

505 Brizzolara Street Overview

Time on Site:
84 days
Visits:
0

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)

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505 Brizzolara Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 7,894
  • Price/Sq.ft. $561
  • Lot 0.37 Acres

Details

General

Income/Expenses

  • Electric Expense: 1208.0
  • Fuel Expense: 727.0
  • Gross Income: 270504.0
  • Gross Scheduled Income: 335700.0
  • Insurance Expense: 7816.0
  • Net Operating Income: 221545.0
  • Operating Expense: 112952.0
  • Trash Expense: 5244.0
  • Water Sewer Expense: 9104.0

Building Information

  • Year Built: 1963

Location/Region

  • Country: US
  • County Or Parish: San Luis Obispo
  • MLS Area Major: SLO - San Luis Obispo
  • Postal City: SAN LUIS OBISPO
  • Subdivision Name: Not Applicable

Community/Development

  • Community Features: Park,Suburban,Sidewalks

Rent/Lease Information

  • Land Lease: No

General Information

  • Listing Terms: Cash,Cash to New Loan,1031 Exchange
  • Parcel Number: 002392018
  • Property Type: Residential Income
  • Rent Control: Yes
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 7894.0

General Information

  • Appliances: Electric Range,Refrigerator
  • Common Walls: No Common Walls
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet,Laminate,Tile
  • Interior Features: Beamed Ceilings,Balcony,Multiple Staircases
  • Laundry Features: Common Area
  • Levels: Two
  • Spa Features: None
  • Spa: No
  • Stories: 2

Exterior

Parking Information

  • Parking Features: Concrete,Off Street
  • Parking Total: 16.0

Lot Information

  • Lot Features: Sprinklers None
  • Lot Size Acres: 0.3742
  • Lot Size Area: 16300.0
  • Lot Size Source: Public Records
  • Lot Size Square Feet: 16300.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 12
  • Number Of Separate Gas Meters: 12
  • Number Of Separate Water Meters: 1

Waterfront/View

    Building Exterior/Construction

    • Construction Materials: Wood Siding
    • Property Attached: No

    General Information

    • Fencing: Wood
    • Number Of Units Leased: 9
    • Number Of Units Total: 12
    • Pool Features: None
    • Pool Private: No

    505 Brizzolara Street Neighborhood

    Community

    93401 (San Luis Obispo) Demographics

    36
    Median Age
    411
    Population Density (per sq. mile)
    60%
    College Educated
    $78,788
    Estimated Median Income
    6,162
    Estimated Total Home Owners
    6,505
    Estimated Total Renters
    49% / 51%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    505 Brizzolara Street Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    505 Brizzolara Street Market Data

    Based on the last 30 days in this zip code

    $1,423,803
    Average List Price
    $747
    Average Price per Square Foot
    38
    Properties Sold
    72
    Average Days on Market
    221
    Properties for Sale
    Calculations provided by Reliance Network

    505 Brizzolara Street History

    Date Event Value Agent
    4/6/2026Source: CRMLS Added to Database
    April 06, 2026
    10/13/2022Source: CRMLS Added to Database
    October 13, 2022
    Listing provided courtesy of Radius Group Commercial RESteven Golis- MLS# V1-34654MLS ProviderContact Information: [email protected] - (805) 455-6891
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