About 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.
Features of 135 Ferrini Road
| MLS® # | SC26142002 |
|---|---|
| Price | $4,100,000 |
| Bedrooms | 9 |
| Bathrooms | 12.00 |
| Acres | 0.19 |
| Year Built | 2018 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Style | Contemporary |
| Status | Active |
Community Information
| Address | 135 Ferrini Road |
|---|---|
| Area | SLO - San Luis Obispo |
| Subdivision | San Luis Obispo(380) |
| City | San Luis Obispo |
| County | San Luis Obispo |
| Zip Code | 93405 |
Amenities
| Utilities | Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected |
|---|---|
| Parking Spaces | 10 |
| 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 |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior | Carpet, Vinyl |
|---|---|
| Interior Features | Balcony, Ceiling Fan(s), Storage |
| Appliances | Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer |
| Heating | Central |
| Cooling | Central Air |
| Has Basement | No |
| Fireplace | No |
| Fireplaces | None |
| # of Stories | 3 |
| Stories | Two |
Exterior
| Exterior | Stucco |
|---|---|
| Lot Description | Near Park, Rectangular Lot, Street Level |
| Windows | Blinds, Double Pane Windows, Screens |
| Roof | Composition |
| Construction | Stucco |
| Foundation | Combination, Raised, Slab |
Additional Information
| Date Listed | July 6th, 2026 |
|---|---|
| Days on Market | 69 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Andrew Richardson |
|---|---|
| Office | Central Coast Sotheby's International Realty |