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Listed by Rob Rose, DRE #02035157 • Christie's International Real Estate Sereno
$ 1,679,000
Est. payment /mo
New
1480 Madonna RD San Luis Obispo, CA 93405
8,400 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSC26137802
Year Built 1972
Lot Size 8,400 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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
Area Slo - San Luis Obispo
Interior
Laundry Laundry Area
Exterior
Garage Spaces 1.0
Pool None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 053102028
Special Listing Condition Not Applicable
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