- 9 Beds
- 12 Baths
- .19 Acres
- 19 DOM
135 Ferrini Road
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.
Essential Information
- MLS® #SC26142002
- Price$4,100,000
- Bedrooms9
- Bathrooms12.00
- Acres0.19
- Year Built2018
- TypeResidential Income
- Sub-TypeApartment
- StyleContemporary
- StatusActive
Community Information
- Address135 Ferrini Road
- AreaSLO - San Luis Obispo
- SubdivisionSan Luis Obispo(380)
- CitySan Luis Obispo
- CountySan Luis Obispo
- Zip Code93405
Amenities
- Parking Spaces10
- PoolNone
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected
Parking
Assigned, Concrete, Carport, Driveway, On Site, Off Street
Garages
Assigned, Concrete, Carport, Driveway, On Site, Off Street
View
City Lights, Hills, Mountain(s), Neighborhood
Interior
- InteriorCarpet, Vinyl
- HeatingCentral
- CoolingCentral Air
- FireplacesNone
- # of Stories3
- StoriesTwo
Interior Features
Balcony, Ceiling Fan(s), Storage
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Exterior
- ExteriorStucco
- RoofComposition
- ConstructionStucco
- FoundationCombination, Raised, Slab
Lot Description
Near Park, Rectangular Lot, Street Level
Windows
Blinds, Double Pane Windows, Screens
Additional Information
- Date ListedJuly 6th, 2026
- Days on Market19
Listing Details
- AgentAndrew Richardson
Office
Central Coast Sotheby's International Realty
Andrew Richardson, Central Coast Sotheby's International Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of July 25th, 2026 at 9:30pm PDT. 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. 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, 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.