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 Details
Price:
$4,100,000
MLS #:
SC26142002
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Subdivision:
San Luis Obispo380
Neighborhood:
slosanluisobispo
Listed Date:
Jul 6, 2026
Total Sq Ft:
7,524
Lot Size:
8,100 sqft / 0.19 acres (approx)
Year Built:
2018
See this Listing
Schools
Interior
Appliances
DW, GD, MW, RF
Cooling
CA
Flooring
VINY, CARP
Heating
CF
Interior Features
CF, ST, LRBA, BL
Laundry Features
ICL, DINC, WH, WINC
Levels
U
Exterior
Architectural Style
CNT
Common Walls
NCW
Community Features
SDW, STM, SL, CRB, GOLF, PARK, HIKI, BIKI
Construction Materials
STC
Fencing
WD, PTL
Parking Spots
10
Parking Total
10
Roof
CMP
Security Features
SD, COD, FS
Spa Features
NO
View
CI, HI, MT, NE
Window Features
BLI, SCR, DPW
Financial
Map
Community
- Address135 Ferrini RD San Luis Obispo CA
- SubdivisionSan Luis Obispo(380)
- CitySan Luis Obispo
- CountySan Luis Obispo
- Zip Code93405
Subdivisions in San Luis Obispo
Market Summary
Current real estate data for Single Family in San Luis Obispo as of Jul 07, 2026
234
Single Family Listed
145
Avg DOM
612
Avg $ / SqFt
$962,420
Avg List Price
Property Summary
- Located in the San Luis Obispo(380) subdivision, 135 Ferrini RD San Luis Obispo CA is a Single Family for sale in San Luis Obispo, CA, 93405. It is listed for $4,100,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 2018. The average price per square foot for Single Family listings in San Luis Obispo is $612. The average listing price for Single Family in San Luis Obispo is $962,420.
Similar Listings Nearby
Courtesy of Central Coast Sotheby’s International Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than JoAnn Outland Real Estate include the name of the listing broker. Neither the listing company nor JoAnn Outland Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 135 Ferrini RD
San Luis Obispo, CA