135 Ferrini Road
San Luis Obispo, CA 93405
0
Bed
0
Bath
7,524Sqft
8,100Sqft(Lot)
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 posi
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Balcony, Ceiling Fan(s), StorageRoof: CompositionAppliances: Dishwasher, Disposal, Microwave, Refrigerator, Dryer, WasherLaundry Features: Washer Hookup, Laundry ClosetWindow Features: Blinds, Double Pane Windows, Screens -
Heating & Cooling
Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: Central Air
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Building Information
Year Built: 2018Building Area Total: 7524Construction Materials: StuccoStories: 2Pool Features: NonePrivate Pool: NoView: City Lights, Hills, Mountain(s), Neighborhood
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Lot Information
Main Square Feet: 8100 Lot Size Acres: 0.186 Lot Size Source: Assessor Lot Size Square Feet: 8,100 Lot Description: Near Park,Rectangular Lot,Street LevelProperty Information
Subdivision: San Luis Obispo(380) Source Property Type: Residential Income Property SubType: Apartment Levels: Two Property Age: 8
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Listing Price Information
Listing Price: $4100000Cash, Conventional, 1031 Exchange
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Tax Information
Parcel Number: 052032047 Tax Lot: C
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Virtual Tour
Parking Information
Parking Total: 10 Assigned, Concrete, Carport, Driveway, On Site, Off Street
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Utility Information
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected -
Location Information
Direction: Foothill to Ferrini, property is on your left. WaterSource: Public Security Features: Carbon Monoxide Detector(s),Fire Sprinkler System,Smoke Detector(s)
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2326 Santa Ynez Avenue, San Luis Obispo, CA, 93405 | $2,250,000 | 6 | 4 | 3,246 | 7,228 Sqft |
| 335 San Miguel, San Luis Obispo, CA, 93405 | $2,495,000 | 5 | 4 | 3,049 | 11,345 Sqft |
| 2176 Santa Ynez Ave., San Luis Obispo, CA, 93405 | $1,925,000 | 6 | 4 | 3,414 | 5,009 Sqft |
| 2050 Hope Street, San Luis Obispo, CA, 93405 | $1,100,000 | 3 | 2 | 992 | 3,675 Sqft |
| 31 Hathway Avenue, San Luis Obispo, CA, 93405 | $1,850,000 | 4 | 4 | 3,200 | 10,890 Sqft |
| 80 Verde, San Luis Obispo, CA, 93405 | $1,295,000 | 3 | 2 | 2,148 | 5,963 Sqft |
| 577 Princeton Place, San Luis Obispo, CA, 93405 | $1,325,000 | 5 | 2 | 2,168 | 8,400 Sqft |
| 320 Mira Sol Drive, San Luis Obispo, CA, 93405 | $2,595,000 | 5 | 4 | 3,766 | 15,000 Sqft |
| 333 Twin Ridge, San Luis Obispo, CA, 93405 | $2,699,000 | 4 | 3 | 3,593 | 10,000 Sqft |
| 111 Twin Ridge, San Luis Obispo, CA, 93405 | $3,750,000 | 4 | 4 | 4,162 | 15,000 Sqft |
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ByOwner last updated this listing 09/05/2026 @ 13:00
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