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
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.
San Luis Obispo, often called SLO, is a picturesque city on California’s Central Coast. Known for its scenic bea
San Luis Obispo, often called SLO, is a picturesque city on California’s Central Coast. Known for its scenic beauty, vibrant community, and historic charm, SLO offers a unique blend of small-town appeal and modern amenities, making it a desirable place to live and visit.
Downtown San Luis Obispo is the heart of the city, characterized by its lively atmosphere and historic sites. The Mission San Luis Obispo de Tolosa, founded in 1772, serves as a central landmark and a reminder of the city’s rich history. The downtown area is vibrant with shops, restaurants, and cultural attractions. Regular events such as the weekly farmers’ market and outdoor concerts add to the community’s dynamic lifestyle.
San Luis Obispo is home to California Polytechnic State University, commonly known as Cal Poly, a major driver of innovation and education in the region. Cal Poly attracts students from all over the world and contributes significantly to the local economy and culture. The university’s emphasis on ”Learn by Doing” fosters a spirit of innovation and practical experience among its students.
The city is surrounded by beautiful landscapes, including beaches, hills, and vineyards. Popular spots like Bishop Peak and Montaña de Oro State Park offer excellent hiking, biking, and outdoor adventure opportunities. The city’s commitment to sustainability is evident in its numerous parks and open spaces, promoting a healthy and active lifestyle for residents.
The real estate market in San Luis Obispo is competitive, with a mix of historic homes, modern condos, and family-friendly neighborhoods. Despite the high demand, the city offers a range of housing options that cater to different lifestyles and preferences. The median home price reflects the city’s desirability and economic stability.
San Luis Obispo is known for its excellent quality of life, low crime rate, and strong sense of community. The city’s public schools are well regarded, and there are several private school options available. Transportation is convenient, with access to public transit systems and major highways making it easy to travel within the region and beyond.
SLO combines historic charm, vibrant community life, and modern amenities. Its beautiful landscapes, educational opportunities, and recreational activities make it an ideal place to call home.
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Last updated
July 4
First listed
Jul 4
Agent licence
#02035157 (CA)
Listing reference
CRMLSSC26144918
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