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Jessamine Walker

jessamine@walkerpropertygroupca.com +1(949) 241-2927

$ 3,950,000

Est. payment | -/mo

8,102 Sqft Lot

Save

$ 3,950,000

Est. payment | -/mo

Save

8,102 Sqft Lot

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision San Luis Obispo(380)

MLS Listing ID SC26142002

Construction Status Turnkey

HOA Y/N No

Year Built 2018

Lot Size 8,102 Sqft

Property Sub-Type Apartment

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

Area Slo - San Luis Obispo

Interior

Interior Features Balcony, Ceiling Fan(s), Storage

Heating Central

Cooling Central Air

Flooring Carpet, Vinyl

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Laundry Washer Hookup, Laundry Closet

Exterior

Parking Features Assigned, Concrete, Carport, Driveway, On Site, Off Street

Carport Spaces 10

Fence Partial, Wood

Pool None

Community Features Biking, Curbs, Golf, Hiking, Storm Drain(s), Street Lights, Sidewalks, Park

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

View Y/N Yes

View City Lights, Hills, Mountain(s), Neighborhood

Roof Type Composition

Total Parking Spaces 10

Private Pool No

Building

Lot Description Near Park, Rectangular Lot, Street Level

Story 3

Entry Level Two

Foundation Combination, Raised, Slab

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Level or Stories Two

New Construction No

Construction Status Turnkey

Others

Senior Community No

Tax ID 052032047

Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Andrew Richardson Central Coast Sotheby's International Realty andrew@richardsonproperties.com, DRE #01872187

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 241-2927

jessamine@walkerpropertygroupca.com

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135 Ferrini RD San Luis Obispo, CA 93405