Active Under Contract

1470 Madonna Road

San Luis Obispo, CA 93405
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Bed 9

Bed

Bath 0

Bath

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 : ResidentialIncome

Price : $1,679,000

AD Id : 87553835

MLS Id : SC26144930

Beds : 9

Lot Size : 9,823 Sqft

Year Built : 1972

Garage : 1

County : San Luis Obispo

Subdivision: Country Club Estates

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Feature Features

  • Building Information

    Year Built: 1972
    Building Area Total: 5023
    Pool Features: None
    Private Pool: No

  • 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: ResidentialIncome Property SubType: Quadruplex 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 Garage Space: 1

  • Location Information

    Direction: LOVR to Madonna, units on the right. WaterSource: Public
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ByOwner last updated this listing 08/20/2026 @ 00:46

MLS: SC26144930 LISTED BY: Rob Rose, Christie's International Real Estate Sereno 805-476-0104 SOURCE: CRMLS

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