135 Ferrini Road, San Luis Obispo, CA 93405

San Luis Obispo
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
135 Ferrini Road,San Luis Obispo, CA 93405
$3,950,000
  • - Beds
  • - Baths
  • 7,524 sq. ft.
  • Multi-family
  • Active
Listed by: andrew richardson
Office: central coast sotheby's international realty805-781-6040
MLS#:SC26142002
Source:CRMLS

Price summary

  • Price:$3,950,000
  • Price per sq. ft.:$524.99

About this home

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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Home facts

  • Year built:2018
  • Subdivision & Development:San Luis Obispo(380)
  • Listing ID #:SC26142002
  • Added:80 day(s) ago
  • Updated:September 24, 2026 at 11:07 AM

Rooms and interior

  • Flooring:Carpet, Vinyl
  • Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator
  • Living area:7,524 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Composition
  • Year built:2018
  • Building area:7,524 sq. ft.
  • Lot area:0.19 Acres
  • Lot Features:Near Park, Rectangular Lot, Street Level
  • Architectural Style:Contemporary
  • Construction Materials:Stucco
  • Foundation Description:Combination, Raised, Slab
  • Levels:2 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$3,950,000
  • Price per sq. ft.:$524.99

Features and amenities

  • Appliances:Dishwasher, Disposal, Dryer, Washer
  • Laundry features:Dryer, Washer
  • Amenities:Balcony, Carbon Monoxide (CO2) Detector, Ceiling Fans, Storage

Parking

  • Total parking spaces:10
  • Parking description:10 Carport Space(s), Assigned, Carport, Concrete, Driveway, Off Street, On Site
  • Carport spaces:10
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