505 Brizzolara St San Luis Obispo, CA 93401

$3,375,000 Sold Price as of 12/13/2019

-- Beds
12 Baths
7,894 Sq.Ft.

Off Market

$3,375,000 Sold Price as of 12/13/2019 Refinance Your Mortgage

Map preview of 505 Brizzolara St, San Luis Obispo, CA 93401

Property Overview: 505 Brizzolara St San Luis Obispo, CA has -- bedrooms, 12 bathrooms, 7,894 living square feet and 16,300 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

505 Brizzolara St is currently an off market home in the city of San Luis Obispo. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of San Luis Obispo has a median list price of $1,100,000. The median price per/sqft for San Luis Obispo is $641. With those numbers in mind, if you are looking to purchase a median priced home in San Luis Obispo, CA and put 20% down you will need to save up $220,000 for the down payment and will need roughly $22,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in San Luis Obispo the commission could be as much as $49,250. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 505 Brizzolara St

Last sold for $3,375,000 on December 13th, 2019

August, 2023
Aug 1, 2023

Date

Expired

CRMLS: V1-17153

$4,275,000

Price
Mar 14, 2023

Date

Active

CRMLS: V1-17153

$4,275,000

Price
Listing provided courtesy of CRMLS

Set amongst lush landscaping in a serene parklike setting, sits 505 Brizzolara Street. This 11 unit multi-family asset consists of (10) 2bd/1ba apartments and 1 studio. There is an additional space being used as an onsite office that could be easily reimagined into a 3 bd/2ba by joining it with the neighboring Unit #1 (currently vacant). Units have been well maintained and feature gracious floor plans with an abundance of natural light and charm. Upstairs units feature exposed wood beamed ceilings. Tenants enjoy a private parking lot, onsite laundry and a communal patio area. This centrally located property is moments from all that San Luis Obispo has to offer. Downtown shopping, dining and entertainment are within walking distance while Cal Poly is just a short two miles away. Two (2) units will be delivered vacant. Do not miss this chance to acquire a wonderful investment asset in a premier San Luis Obispo neighborhood.

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December, 2019
Dec 13, 2019

Date

Sold

CRMLS: SC19203541

$3,400,000

Price
Sep 25, 2019

Date

Pending

CRMLS: SC19203541

$3,950,000

Price
Aug 30, 2019

Date

Active

CRMLS: SC19203541

$3,950,000

Price
Listing provided courtesy of CRMLS

Centrally-located San Luis Obispo Multi-Family Offering walking distance to downtown, shopping, restaurants, and more. This property currently consists of 11 total units, including 10 2-Bedroom/1-Bathroom units and a studio. There is an additional space with a bathroom currently being used as an office (this space is not included as part of the 11 units). The property is well maintained and in overall good condition. Lush landscaping, ample parking (16 spaces), and a community patio and barbeque area make this property easily rentable. The property is uniquely positioned close to downtown for convenience, and also backing up to Brizzolara Creek giving the complex a serene, calm feel. Upstairs units feature exposed wood beamed ceilings. There is lots of potential upside on this already performing and well-established income property in the heart of San Luis Obispo!

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December, 2019
Dec 13, 2019

Date

Sold (Public Records)

Public Records

$3,375,000

Price
December, 2019
Dec 13, 2019

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 505 Brizzolara St

Assessed Value (2020): $3,375,000

Year	Land Value	Improved Value	Assessed Value
2020	$1,400,000	$1,975,000	$3,375,000

About 505 Brizzolara St

Detailed summary of property

505 Brizzolara St is categorized with a use code of Apartment House (5+ Units) in San Luis Obispo, CA 93401 and last sold on December 13, 2019 for $3,375,000. This property has -- bedrooms, 12 bathrooms, roughly 7,894 living square feet, and sits on an approximately 16,300 square foot lot. Homes in San Luis Obispo are selling for a median price of $985,000 and a median price per square foot of $683. Based on Ardent Real Estate Group's San Luis Obispo Market Data, this home is sold 242.64% higher than the current median priced home. 505 Brizzolara St was last sold on December 13, 2019 for $3,375,000. Local nearby listings include 2469 Westridge Rd, 2445 Banyan Dr and 12643 Promontory Rd. The average home in San Luis Obispo, CA is selling in 51 days. There are currently 126 homes for sale in the San Luis Obispo real estate market and 96 of them are single family homes while 23 of them are condos and 7 are townhomes. If you are the homeowner and looking to sell the home at 505 Brizzolara St San Luis Obispo, CA 93401 contact Ardent Real Estate Group and we will put you in touch with one of our San Luis Obispo agents.

Public Facts for 505 Brizzolara St

Public county record property details

Beds: --
Baths: 12
Year built: 1963
Sq. Ft.: 7,894
Lot Size: 16,300
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: San Luis Obispo
Lot#: --
APN: 002-392-018

The source for these homes facts are from public records.

93401 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,100,000

Median List Price/Sq.Ft.

$648

Median Sold Price

$985,000

Median Sold Price/Sq.Ft.

$683

Total Inventory

Median Sale to List Price %

101.03%

Avg Days on Market

Loan Type

Conventional (52.17%), FHA (4.35%), VA (0%), Cash (21.74%), Other (21.74%)

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(714) 706-1823

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