135 Ferrini Road, San Luis Obispo, CA, CA 93405
- $4,100,000
- List Price
- $4,100,000
- Status
- ACTIVE
- MLS#
- SC26142002
- County
- San Luis Obispo
- Year Built
- 2018
- Building Square Feet
- 7,524
- Square Feet
- 8,100
- Days on Market
- 25
- Property Type
- Multifamily
- Style
- Contemporary
- Stories
- Two Levels
- Neighborhood
- San Luis Obispo(380)
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.
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Additional Information
- Parcel Number
- 052032047
- Common Interest
- Condominium
- Gross Scheduled Income
- $297,300
- Operating Expense
- 104055
- Net Operating Income
- $193,245
- Number of Buildings
- 5
- Lot Features
- Near Park, Rectangular Lot, Street Level
- Security Features
- Carbon Monoxide Detector(s), Fire Sprinkler System, Smoke Detector(s)
- Appliances
- Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
- Utilities
- Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
- Heat
- Central
- Cooling
- Yes
- View
- City Lights, Hills, Mountain(s), Neighborhood
- Exterior Construction
- Stucco
- Roof
- Composition
- Carport Spaces
- 10
- Sewer
- Public Sewer
- Water
- Public
- Community Features
- Biking, Curbs, Golf, Hiking, Storm Drain(s), Street Lights, Sidewalks, Park
Listing courtesy of Listing Agent: Andrew Richardson (andrew@richardsonproperties.com) from Listing Office: Central Coast Sotheby's International Realty.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.