$ 1,679,000
-
$1,679,000
Price -
9
Bed -
8
Bath -
5,023
SqFt
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About the Listing SL1129 - SL02035157,sl01267325
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.
Listing Highlights
Status
Active
Days on Site
10
Property Type
Residential
MLS ®
SC26136638
Year Built
1972
Total Square Footage
5,023
Lot/Acreage
0.19
Interior Details
- Bedrooms: 9
- Bathrooms: 4 Full / 4 Half
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: All Bedrooms Up
- Water: Public
Exterior Details
- Lot Description: Level,No Land Lease
- Garage Capacity: 1 car
- Parking Spaces: 1
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 053102028
- Tax Year: N/A
Payment Calculator
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Questions About..
1480 Madonna Rd San Luis Obispo, CA 93405
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