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135 Ferrini Road, 
San Luis Obispo, CA 93405

$4,100,000

—

Bed

—

Bath

7,524

Sq Ft

Multi-Family

Active

Listed by

Andrew Richardson

Central Coast Sotheby'S International Realty

805-781-6040

Last updated:

August 10, 2026, 10:57 AM

MLS#

SC26142002

Source:

CRMLS

About This Home

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.

Home Facts

Multi-Family

Built in 2018

Subdivision & Development:

San Luis Obispo(380)

Price Summary

4,100,000

$544 per Sq. Ft.

MLS #:

SC26142002

Last Updated:

August 10, 2026, 10:57 AM

Added:

a month ago

Rooms & Interior

Interior

Living Area:

7,524 Sq. Ft.

Structure

Structure

Architectural Style:

Contemporary

Building Area:

7,524 Sq. Ft.

Year Built:

2018

Lot

Lot Size (Sq. Ft):

8,102

Finances & Disclosures

Finances

Price:

$4,100,000

Price per Sq. Ft:

$544 per Sq. Ft.

Source:CRMLS
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Coldwell Banker Diamond is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Coldwell Banker Diamond, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

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Your message will be sent to a Coldwell Banker Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.