135 Ferrini Road, San Luis Obispo, CA, 93405

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$3,950,000
75 Days On Site

135 Ferrini Road
San Luis Obispo, CA 93405

For Sale|Apartment|Active
0
Beds
0
Total Baths
7,524
SqFt
$525
/SqFt
2018
Built
Subdivision:
San Luis Obispo(380)
County:
San Luis Obispo
Listed by Andrew Richardson of Central Coast Sotheby's International Realty andrew@richardsonproperties.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
135 Ferrini Road135 Ferrini Road135 Ferrini Road135 Ferrini Road
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Monthly Payment (Est.)

$18,022
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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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Listing Snapshot
Price 
$3,950,000
Days On Site 
75 Days
Bedrooms 
N/A
Inside Area (SqFt) 
7,524 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.186 Acres
Year Built 
2018
MLS® Number 
SC26142002
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 days agoPrice changed to $3,950,000
4 days agoListing updated with changes from the MLS®
2 months agoListing first seen on site
General Features
Acres 
0.186
Carport 
10
Foundation 
CombinationRaisedSlab
Land Lease 
No
Levels 
Two
Number Of Stories 
3
Parking 
AssignedConcreteCarportDrivewayOn SiteOff Street
Parking Spaces 
10
Property Sub Type 
Apartment
Security 
Carbon Monoxide Detector(s)Fire Sprinkler SystemSmoke Detector(s)
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
7524
Style 
Contemporary
Utilities 
Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected
Water Source 
Public
Interior Features
Appliances 
DishwasherDisposalMicrowaveRefrigeratorDryerWasher
Cooling 
Central Air
Fireplace Features 
None
Flooring 
CarpetVinyl
Heating 
Central
Interior 
Ceiling Fan(s)Storage
Laundry Features 
Washer HookupLaundry Closet
Window Features 
BlindsDouble Pane WindowsScreens
Bonus Room 
Kitchen 
Master Bathroom 
Master Bedroom 
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Exterior Features
Construction Details 
Stucco
Exterior 
Balcony
Fencing 
PartialWood
Lot Features 
Rectangular Lot
Pool Features 
None
Road Frontage 
City Street
Roof 
Composition
Spa Features 
None
View 
City LightsHillsMountain(s)Neighborhood
Waterview 
City LightsHillsMountain(s)Neighborhood
Windows/Doors 
BlindsDouble Pane WindowsScreens
Community Features
Community Features 
CurbsGolfStreet LightsSidewalksPark
MLS Area 
SLO - San Luis Obispo
Financing Terms Available 
CashConventional1031 Exchange
Building Access 
1
Roads 
Paved


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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