LKV Realty
Logo
$4,100,000
$7,200Reward *
135 Ferrini Road, San Luis Obispo, CA 93405Listing ID SC26142002

135 Ferrini Road, San Luis Obispo, CA 93405

Active
San Luis Obispo(380)
Time on site: 41 daysLast updated: Jul 17, 2026
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
Apartment
Square Feet
Square Feet
7,524
Acres
Acres
0.19
Days on Site
Days on Site
40
Cooling
Cooling
Central Air
Heating
Heating
Central
Year Built
Year Built
2018
Stories
Stories
2
Parking
Parking
Assigned, Concrete, Carport, Driveway, On Site, Off Street

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.

Property Information

Property Details

Location

Address
135 Ferrini Road
County
San Luis Obispo
City
San Luis Obispo
Zip Code
93405
Subdivision
San Luis Obispo(380)
MLS Area
SLO - San Luis Obispo

Interior Features

Other Rooms

Laundry Features
Washer Hookup, Laundry Closet

Building

Building Information

Square Feet
7,524
Year Built
2018
Stories
2
Construction
Stucco
Foundation
Combination, Raised, Slab
Roof
Composition
Condition
Turnkey

Financial

Special Conditions
Standard
Andrew RichardsonCentral Coast Sotheby's International Realty, (805) 781-6040

Market Report for 93405

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS
California Regional MLS logo

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

SP01872187