Home | San Luis Obispo County | San Luis Obispo | 93405 | 1480 Madonna Rd
MLS: CRSC26136638 | Status: Active | Price: $1,679,000
Beds/Baths: 9 / 4 /4
Property Type: Residential
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| 9 | 4 /4 | 5,023 | 8,400 | 1972 |
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.
| Field | Value |
|---|---|
| MLS # | CRSC26136638 |
| MLS Source | California Regional MLS |
| Days on Site | 3 |
| Feature | Details |
|---|---|
| Bedrooms | Primary Suite/Retreat, Other |
| Fireplace | None |
| Laundry | Laundry Area |
| Cooling | None |
| Feature | Details |
|---|---|
| Pool | None |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 1 Car(s) |
| Elementary District | San Luis Coastal Unified |
| High School District | San Luis Coastal Unified |
| HOA Fee | $0 |
| Listing Agent | Co-Listing Agent |
|---|---|
| Rob Rose | Colleen Clarke |
| Christie's International Real Estate Sereno | Christie's International Real Estate Sereno |
| License #: 02035157 | License #: 01267325 |
| Phone: (805) 471-8351 | Phone: (805) 550-1015 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Pacific Beach High School | public | 10-12 | 0.33 mi | 1 |
| Smith (C. L.) Elementary School | public | K-6 | 0.43 mi | 7 |
| Laguna Middle School | public | 7-8 | 0.57 mi | 9 |
| Hawthorne Elementary School | public | K-6 | 2.09 mi | 6 |
| Sinsheimer Elementary School | public | K-6 | 2.84 mi | 8 |
| Bishop's Peak Elementary School | public | K-6 | 2.88 mi | 9 |
| Pacheco Elementary School | public | K-6 | 2.92 mi | 7 |
| San Luis Coastal Usd Adult | public | UG | 2.97 mi | N/A |
| Peep - De'Groot - Prepare School | public | K-12 | 2.98 mi | N/A |
| San Luis Obispo High School | public | 9-12 | 3.02 mi | 10 |
| Teach Elementary School | public | 4-6 | 3.49 mi | 9 |
| San Luis Obispo County Juvenile Court | public | 6-12 | 4.74 mi | N/A |
| Los Ranchos Elementary School | public | K-6 | 4.80 mi | 7 |
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This listing information is up-to-date as of June 26, 2026. For the most current information, please contact Rob Rose, (805) 471-8351.