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.
Features
9 bedrooms
8 bathrooms
directions_car1 carspace
directions_car1 garage space
5023 sq. ft. floor area
crop_free8400 sq. ft. lot size
cottageDuplex
Happy sellers in San Luis Obispo
~%
We have insufficient information to provide an overview of customer satisfaction for San Luis Obispo. Viewing the agent profiles, reviews and sales for San Luis Obispo can provide insights for this location.
Local market activity for 9 bedroom duplexes in San Luis Obispo
Sold
For Sale
View the listing for inspection times, agent contact details, and more.