1480 Madonna Road, San Luis Obispo, CA 93405
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1480 Madonna Road, San Luis Obispo, CA 93405
1480 Madonna Road, San Luis Obispo, CA 93405
1480 Madonna Road, San Luis Obispo, CA 93405
1480 Madonna Road, San Luis Obispo, CA 93405
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Don Pelletier

Don Pelletier

+1(858) 336-1114
$ 1,679,000
Est. payment /mo
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1480 Madonna Road San Luis Obispo, CA 93405

9 Beds

8 Baths

5,023 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type All Other Attached

Listing Status Active

Purchase Type For Sale

Square Footage 5,023 sqft

Price per Sqft $334

Subdivision San Luis Obispo(380)

MLS Listing ID SC26136638

Bedrooms 9

Full Baths 4

Half Baths 4

Year Built 1972

Lot Size 8,400 Sqft

Property Sub-Type All Other Attached

Property Description

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, 1480 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 an 8,400 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.

Location

State CA

County San Luis Obispo

Direction LOVR to Madonna, units on the right.

Interior

Fireplace No

Exterior

Garage Spaces 1.0

View Y/N Yes

Water Access Desc Public

View Mountains/Hills, Neighborhood

Total Parking Spaces 1

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories 2

Others

Senior Community No

Tax ID 053102028

Acceptable Financing Cash, Cash To New Loan

Listing Terms Cash, Cash To New Loan

Special Listing Condition Standard

Virtual Tour https://properties.aspectvisuals.co/mls/252120981

MLS Router / San Diego MLS
Listed by Rob Rose, DRE#02035157 Christie's International Real Estate Sereno 

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Don Pelletier

Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

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1480 Madonna Road

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