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$4,100,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 4 days ago
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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.

Full Property Details for 135 Ferrini Rd

General

  • Price: $4,100,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: SC26142002
  • Updated: 7/8/2026
  • Days on Market: 6 days
  • Added to Site: 7 day(s) ago

Interior

  • Rooms/Areas: Primary Bedroom, Bonus Room, Kitchen, Primary Bathroom
  • Interior Features: Balcony, Living Room Balcony, Ceiling Fan(s), Storage
  • Fireplace(s): None
  • Appliances: Disposal, Microwave, Refrigerator, Dishwasher
  • Flooring: Vinyl, Carpet

Rooms

Other Rooms

  • Laundry: In Closet, Washer Hookup, Washer Included, Dryer Included

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Parking Features: Concrete, Assigned, Off-Street, On-Site, Carport, Driveway
  • Parking: Concrete, Assigned, Off-Street, On-Site, Carport, Driveway

Location

  • Area: SLO - San Luis Obispo
  • County: San Luis Obispo
  • Development Name: SLO - San Luis Obispo
  • Driving Directions: Foothill to Ferrini, property is on your left.

Heating & Cooling

  • Cooling Type: Central Air
  • Heating Type: Central

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 5
  • # Gas Meters: 5
  • # Electric Meters: 5

Structural Information

  • Architectural Style: Contemporary
  • Foundation: Raised, Combination, Slab
  • Roof: Composition
  • Windows: Double-Pane Windows, Blinds, Screens
  • Doors: Sliding Doors
  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 7,524
  • Year Built: 2018

Unit Information

Unit 1

  • Number of Units: 5
  • Total Bathrooms: 12
  • Bedrooms: 9

Lot Features

  • Property View: Mountain(s), City Lights, Neighborhood, Hills
  • Lot Size (Acres): 0.186
  • Lot Size (Sq. Ft.): 8,100
  • Lot Size Source: Assessor
  • Lot Description: Level with Street, Rectangular Lot, Park Nearby

Financial Considerations

  • Price Per Sq. Ft.: $544.92
  • Price Per Unit: 820000

Listed by Central Coast Sotheby's International Realty, Andrew Richardson

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Listing agent

— 135 Ferrini Rd —

  • Andrew Richardson

    Central Coast Sotheby's International Realty

andrew@richardsonproperties.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 135 Ferrini Rd

School District:San Luis Coastal Unified School District
NameGradesDistance
Bishop's Peak Elementary School
451 Jaycee Drive, San Luis Obispo, CA 93405
K-60.6 mi
Laguna Middle School
11050 Los Osos Valley Road, San Luis Obispo, CA 93405
7-82.5 mi
San Luis Obispo High School
1499 San Luis Drive, San Luis Obispo, CA 93401
9-121.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 135 Ferrini Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/06/2026
Listed
$4,100,000
530.77%
MLS
7/27/2015
Sold
$650,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 135 Ferrini Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$22,063
3%
$1,960,111
2%
2023
$21,379
—
$1,921,678
2%
2023
$21,379
7%
$1,883,999
2%
2022
$20,053
2%
$1,847,059
2%
2021
$19,705
1%
$1,810,843
1%
2020
$19,502
1%
$1,792,276
2%
2019
$19,287
229%
$1,757,134
222%
2018
$5,857
-18%
$546,210
-18%
2017
$7,109
2%
$663,000
2%
2016
$6,970
116%
$650,000
116%
2015
$3,222
9%
$300,518
2%
2014
$2,958
—
$294,632
—
2013
$2,945
—
$293,302
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Central Coast Sotheby's International Realty, Andrew Richardson

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135 Ferrini Road, San Luis Obispo, CA 93405 (MLS# SC26142002) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 135 Ferrini Road is currently listed for $4,100,000 and was received on July 06, 2026. Want to learn more about 135 Ferrini Road? Do you have questions about finding other Multi-Family real estate for sale in San Luis Obispo? You can browse all San Luis Obispo real estate or contact a Coldwell Banker agent to request more information.

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