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1470 Madonna Road

San Luis Obispo, CA 93405
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Bed 9

Bed

Bath 4

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

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Feature Features

  • Bedroom Information

    Total Bedrooms: 9

    Bathroom Information

    Total Baths: 8 Full Baths: 4 Half Baths: 4

    Water/Sewer

    Water Source: Public Sewer: Public Sewer
  • Interior Features

    Interior Features: All Bedrooms Up Fireplace: None
  • Cooling Features

    None Air Conditioning

    Fireplace

    Fireplace Features: None Has Fireplace: 0

  • Building Information

    Year Built: 1972
  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2255
  • Lot Size Source: Assessor Lot Size Square Feet: 9823

  • Listing Price Information

    Original List Price: 1,679,000 Listing Contract Date: 2026-06-08
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 053102029

  • Garage and Parking

    Attached Garage: Yes

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: SLO - San Luis Obispo Directions: LOVR to Madonna, units on the right. Source Property Type: Residential Area: SLO - San Luis Obispo Property SubType: Quadruplex
  • Building and Construction

    Property Age: 54 Common Walls: 2+ Common Walls Structure Type: Quadruplex Year Built Source: Appraiser Total Square Feet Living: 5023 Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: One Building Total Stories: 1 Structure Type: Quadruplex
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2326 Santa Ynez Avenue, San Luis Obispo, CA, 93405 $2,295,000 6 3 3,246 3,246 SqFt
957 West Street, San Luis Obispo, CA, 93405 $1,690,000 3 2 1,881 1,881 SqFt
860 Skyline Drive, San Luis Obispo, CA, 93405 $2,400,000 3 1 3,802 3,802 SqFt
1885 San Luis Ranch, San Luis Obispo, CA, 93405 $1,249,000 4 3 2,124 2,124 SqFt
1480 Madonna Road, San Luis Obispo, CA, 93405 $1,679,000 9 4 5,023 5,023 SqFt
250 Oconnor Way, San Luis Obispo, CA, 93405 $2,999,500 6 5 4,339 4,339 SqFt
844 Escuela Court, San Luis Obispo, CA, 93405 $1,279,900 3 3 1,700 1,700 SqFt
833 Escuela Court, San Luis Obispo, CA, 93405 $1,274,999 3 3 1,500 1,500 SqFt
1037 Kerry Drive #51, San Luis Obispo, CA, 93405 $425,000 3 2 1,488 1,488 SqFt
1704 Garnette Drive, San Luis Obispo, CA, 93405 $275,000 3 2 1,250 1,250 SqFt

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ByOwner last updated this listing 07/05/2026 @ 13:01

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

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