UPDATE (6:40 p.m.) - The San Luis Obispo Police Department has identified the man arrested Friday on suspicion of brandishing a gun during a dispute as Joseph Davis, 34, of San Luis Obispo.
Police say investigators seized three firearms, including the one that was allegedly brandished, from his residence. They say all of the guns are legally registered to Davis.
According to police, Davis was booked into the San Luis Obispo County Jail on charges of assault with a deadly weapon and brandishing a firearm.
UPDATE (3 p.m.) - San Luis Obispo police say a man was taken into custody Friday following a dispute between a landlord and a tenant that involved a gun.
Police say the incident was related to the tenant vacating the property in a timely manner and that the dispute had been going on for several days.
Officers were called to the property in the 600 block of Mitchell Dr. around noon on Friday.
"We responded to a landlord-tenant dispute here at the residence and there was an alleged firearm that was brandished," explained Sgt. Bryan Treanor, San Luis Obispo Police Department. "We confirmed that a firearm was involved. Nobody was injured, and it was not used, but we did confirm that it was involved in the incident."
Sgt. Treanor says the gun involved was a semi-automatic handgun.
Officers were reportedly working to secure a search warrant to further search the property.
Police are expected to release more information later Friday.
(12:54 p.m.) - San Luis Obispo police responded to a home near the corner of Broad Street and Mitchell Drive for a report of a dispute between a landlord and a tenant.
About half a dozen police cars were at the scene just after 12:30 p.m. Friday and officers were seen with guns drawn.
A KSBY News reporter at the scene was told that someone at the residence pulled a gun on another person.
Police say they are still investigating the incident but that there is no threat to the community at this time.
The street was shut down for a short time out of an abundance of caution.
This is a developing story and will be updated with new information as it becomes available.