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1470 Madonna Road

San Luis Obispo, CA 93405
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Bed 9

Bed

Bath 0

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 Income

Price : $1,679,000

AD Id : 87553835

MLS Id : SC26144930

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

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 1972 Building Area Total: 5,023
  • 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

  • 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 Income 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 Entry Level: 1 Entry Location: 1 Property Attached: Yes
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
385 Christina, San Luis Obispo, CA, 93405 $1,499,000 6 2 1,600 1,600 SqFt
1480 Madonna Road, San Luis Obispo, CA, 93405 $1,679,000 9 6 5,023 5,023 SqFt

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ByOwner last updated this listing 07/05/2026 @ 14:16

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

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