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1480 Madonna RoadSan Luis Obispo, CA 93405

Single Family · 9 Beds · 4 Full Baths · 4 Half Baths · 5,023 Sq. ft. | 0.19 Acres
$1,679,000 Active

1480 Madonna Road Overview

Time on Site:
4 days
Visits:
0

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.

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1480 Madonna Road Facts & Features

  • Type Single Family
  • Sq. ft. 5,023
  • Price/Sq.ft. $334
  • Lot 0.19 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

School Information

  • School District: San Luis Coastal Unified

Building Information

  • New Construction: No
  • Year Built: 1972

Location/Region

  • Country: US
  • County Or Parish: San Luis Obispo
  • MLS Area Major: SLO - San Luis Obispo
  • Postal City: SAN LUIS OBISPO
  • Subdivision Name: San Luis Obispo(380)

Community/Development

  • Community Features: Curbs,Street Lights,Sidewalks

Rent/Lease Information

  • Land Lease: No
  • Lease Considered: No

General Information

  • Listing Terms: Cash,Cash to New Loan
  • Parcel Number: 053102028
  • Property Sub Type: Quadruplex
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 1.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 4
  • Bathrooms Half: 4
  • Bathrooms One Quarter: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 8
  • Bedrooms Total: 9

General Information

  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: 1
  • Fireplace Features: None
  • Fireplace: No
  • Interior Features: All Bedrooms Up
  • Laundry Features: Common Area
  • Levels: Two
  • Living Area: 5023.0
  • Living Area Source: Appraiser
  • Living Area Units: Square Feet
  • Main Level Bathrooms: 4
  • Main Level Bedrooms: 0
  • Stories: 2
  • Stories Total: 2

Exterior

Parking Information

  • Parking Total: 1.0

Lot Information

  • Additional Parcels: No
  • Lot Features: Level
  • Lot Size Acres: 0.1928
  • Lot Size Area: 8400.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 8400.0
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Attached Garage: Yes
    • Property Attached: Yes
    • Structure Type: Quadruplex

    General Information

    • Number Of Units Total: 4
    • Pool Features: None
    • Pool Private: No
    • Sewer: Public Sewer

    1480 Madonna Road Neighborhood

    Community

    93405 (SAN LUIS OBISPO) Demographics

    22
    Median Age
    413
    Population Density (per sq. mile)
    49%
    College Educated
    $47,783
    Estimated Median Income
    3,134
    Estimated Total Home Owners
    5,266
    Estimated Total Renters
    37% / 63%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    1480 Madonna Road Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    1480 Madonna Road Market Data

    Based on the last 30 days in this zip code

    $1,880,121
    Average List Price
    $772
    Average Price per Square Foot
    13
    Properties Sold
    89
    Average Days on Market
    112
    Properties for Sale
    Calculations provided by Reliance Network

    1480 Madonna Road History

    Date Event Value Agent
    6/25/2026Source: CRMLS Added to Database
    June 25, 2026
    6/25/2026Source: CRMLS Added to Database
    June 25, 2026
    Listing provided courtesy of Christie's International Real Estate SerenoRob Rose- MLS# SC26136638MLS ProviderContact Information: [email protected] - 805-476-0104