135 Ferrini Road, San Luis Obispo, CA 93405

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Beds

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Baths

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Sq ft

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.

Type

Apartment

Year built

2018

Lot

8,100 sq ft

Garage

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HOA

None

Pool

View

Mountain(s)

Solar

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Estimated payment

$24,911/mo

Principal & interest$19,973
Property tax (est.)$3,785
Home insurance (est.)$1,152

Down payment: 20% ($790,000)Interest rate %

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Andrew Richardson, Central Coast Sotheby's International Realty, andrew@richardsonproperties.com. MLS# SC26142002. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 8:00 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.