Active Under Contract

1470 Madonna Road

San Luis Obispo, CA 93405
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Bed 9

Bed

Bath 8

Bath

SqFt5,023

Sqft

SqFt9,823

Sqft(Lot)

Rare investment opportunity in the heart of San Luis Obispo! Ideally located near shopping, schools, hiking and biking trails, public transportation, and major commuter routes, 1470 Madonna Road offers an excellent opportunity to acquire a well-positioned multifamily asset with significant upside potential. This fourplex (legally described as two duplexes) consists of approximately 5,023 sq ft of living space and is situated on a 9,823 sq ft lot. The property features a desirable unit mix of one 3-bedroom, 2-bath unit with a private 1-car garage and three 2-bedroom, 2-bath units. All units are two-story floor plans with living areas on the main level and bedrooms upstairs. Additional amenities include eight unassigned parking spaces and a shared community laundry facility. The property has been well maintained and presents an excellent value-add opportunity. Many of the units offer the chance for cosmetic updates, including flooring and interior paint, allowing a new owner to enhance the property while increasing its long-term income potential. Multifamily properties of this size and quality are rarely available in San Luis Obispo, making this an attractive opportunity for investors seeking stable cash flow and future appreciation.

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Detail Ic Property Details

Property Type : Residential

Price : $1,679,000

AD Id : 87553858

MLS Id : SC26144918

Beds : 9

Lot Size : 9,823 Sqft

Living Area Size : 5,023

Year Built : 1972

Garage : 1

County : San Luis Obispo

Subdivision: Kingsland Pines

  • Map Map

Map

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Feature Features

  • Bedroom Information

    Total beds: 9

    Bathroom Information

    Total Baths: 8 Full Baths: 4 Half Baths: 4
  • Interior Features

    AllBedroomsUp
    Laundry Features: CommonArea
  • Heating & Cooling

    Cooling: None

  • Building Information

    Year Built: 1972
    Stories: 1
    Pool Features: None
    Private Pool: No
    View: Hills, Mountains, Neighborhood

  • Lot Information

    Main Square Feet: 9823 Lot Size Acres: 0.2255 Lot Size Source: Assessor Lot Size Square Feet: 9,823 Lot Description: Level

    Property Information

    Subdivision: San Luis Obispo(380) Source Property Type: Residential Property SubType: Quadruplex Levels: One Property Age: 54

  • Listing Price Information

    Listing Price: $1679000
    Cash, CashToNewLoan

  • Tax Information

    Parcel Number: 053102029 Tax Lot: 20

  • Parking Information

    Parking Total: 1

    Garage Information

    Has Garage: Yes Has Attached Garage: Yes Garage Space: 1

  • Location Information

    Direction: LOVR to Madonna, units on the right. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2326 Santa Ynez Avenue, San Luis Obispo, CA, 93405 $2,250,000 6 4 3,246 3,246 SqFt
335 San Miguel, San Luis Obispo, CA, 93405 $2,495,000 5 4 3,049 3,049 SqFt
2050 Hope Street, San Luis Obispo, CA, 93405 $1,100,000 3 2 992 992 SqFt
31 Hathway Avenue, San Luis Obispo, CA, 93405 $1,949,000 4 4 3,200 3,200 SqFt
135 Ferrini Road, San Luis Obispo, CA, 93405 $4,100,000 -- -- 7,524 7,524 SqFt
957 Skyline Drive, San Luis Obispo, CA, 93405 $1,595,000 4 2 1,830 1,830 SqFt
80 Verde, San Luis Obispo, CA, 93405 $1,295,000 3 2 2,148 2,148 SqFt
577 Princeton Place, San Luis Obispo, CA, 93405 $1,325,000 5 2 2,168 2,168 SqFt
320 Mira Sol Drive, San Luis Obispo, CA, 93405 $2,595,000 5 4 3,766 3,766 SqFt
333 Twin Ridge, San Luis Obispo, CA, 93405 $2,799,000 4 3 3,593 3,593 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information 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 Miami Association of REALTORS® 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 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/20/2026 @ 00:46

MLS: SC26144918 LISTED BY: Rob Rose, Christie's International Real Estate Sereno 805-476-0104 SOURCE: CRMLS

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