1470 Madonna Road, San Luis Obispo, CA 93405
- $1,679,000
- 9
- BD
- 8
- BA
- 5,023
- SqFt
- List Price
- $1,679,000
- Days on Market
- 24
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- SC26144918
- Bedrooms
- 9
- Bathrooms
- 8
- Full Baths
- 4
- Half Baths
- 4
- Living Area
- 5,023
- Lot Size (Acres)
- 0.2255
- Year Built
- 1972
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, 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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Additional Information
- Area
- San Luis Obispo (SLO)
- Subdivision
- San Luis Obispo(380)
- Neighborhood
- San Luis Obispo(380)
- Stories
- One Level
- Acres
- 0.23
- Interior Features
- All Bedrooms Up
- Garage Spaces
- 1
- Community Features
- Curbs, Street Lights, Sidewalks
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Rob Rose (rtrose12@gmail.com) from Listing Office: Christie's International Real Estate Sereno.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.