135 Ferrini Road,San Luis Obispo, CA 93405
San Luis Obispo, CA 93405
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.
Details
| MLS # | SC26142002 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 2018 |
| Days On Site | 112 |
| Listing Provided By | Central Coast Sotheby's International Realty | Andrew Richardson |
Features
| SQ Feet | 7,524 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 5 |
| Acreage | 0.19 |
| Golf Course | Yes |
| Property View | Yes |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Balcony, Ceiling Fans, Storage |
| Window Features | Blinds, Double Pane Windows, Screens |
| Appliances | Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition |
|---|---|
| Security Features | Carbon Monoxide Detectors, Fire Sprinkler System, Smoke Detectors |
| Construction Materials | Stucco |
| Foundation Details | Combination, Raised, Slab |
| Lot Features | Near Park, Rectangular Lot, Street Level |
| Fencing | Partial, Wood |
Parking
| Parking Features | Assigned, Concrete, Carport, Driveway, On Site, Off Street |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Biking, Curbs, Golf, Hiking, Storm Drains, Street Lights, Sidewalks, Park |
|---|
Area Information
| State | CA |
|---|---|
| County | San Luis Obispo |
| City | San Luis Obispo |
| Zip Code | 93405 |
| Area | SLO San Luis Obispo |
| Community Name | San Luis Obispo(380) |
| Listing VS Median (in San Luis Obispo(380)) | |
Price: $3,950,000 low | high Med: $1,050,000 sqft: 7,524 low | high Med: 2,221 $ / sqft: $525 low | high Med: $473 On site: 112 low | high Med: 20 | |
Market Activity 93405
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Learn More About This Property
| State | CA |
|---|---|
| County | San Luis Obispo |
| City | San Luis Obispo |
| Zip Code | 93405 |
| Area | SLO San Luis Obispo |
| Community Name | San Luis Obispo(380) |
| Listing VS Median (in San Luis Obispo(380)) | |
Price: $3,950,000 low | high Med: $1,050,000 sqft: 7,524 low | high Med: 2,221 $ / sqft: $525 low | high Med: $473 On site: 112 low | high Med: 20 | |
