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Additional details
$ 4,100,000
Est. payment /mo
Active
135 Ferrini Road San Luis Obispo, CA 93405
9 Beds
12 Baths
8,100 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision San Luis Obispo(380)
MLS Listing ID SC26142002
Bedrooms 9
Lot Size 8,100 Sqft
Property Sub-Type Res Income 2-4 Units
Property 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.
Location
State CA
County San Luis Obispo
Zoning Assessor
Direction Foothill to Ferrini, property is on your left.
Interior
Cooling Central Forced Air
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 052032047
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Andrew Richardson, DRE#01872187 Central Coast Sotheby's International Realty
NEARBY SCHOOL & BUSINESS
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