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1480 Madonna Road, San Luis Obispo, CA 93405

$1,679,000 Approx. USD 9 beds, 8 baths
5,023 sqft

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Photo of Hristo Hristov

Marketed By Hristo Hristov, G.R.I., SFR, GREEN, FTBS REALTOR® - Sales Associate 805-284-8471 m
Lic#: 01978598
NRDS ID: 199506356
HHristov@bhhscal.com Santa Barbara Office
3868 State St
Santa Barbara, CA 93105
Phone: 805-687-2666
Fax: 805-563-0053

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Listing Agent

Rob Rose | rtrose12@gmail.com
Lic#: 02035157
Broker: Courtesy of Christie's International Real Estate Sereno
Phone: 805-471-8351

Co Listing Agent

Colleen Clarke | ccrealestateslo@gmail.com
Lic#: 01267325
Broker: Courtesy of Christie's International Real Estate Sereno
Phone: 805-550-1015

Agent Remarks

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 Details

Property type: Quadruplex (Single Family)

Status: Pending

MLS# SC26136638

Price: $1,679,000

HOA Fee is $0.00

Beds: 9

Baths: 8 (4 full) (4 half)

None fireplaces

Built in 1972

5,023 sqft

2 stories

0.19 acres

Lot size: 0.1928

Subdivision: San Luis Obispo(380)

County: San Luis Obispo

Interior features: All Bedrooms Up

Lot description: Level

Heating/cooling: None

MLS area: SLO - San Luis Obispo

Last Updated: 7/8/2026

Days On Market (DOM): 13

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This listing belongs to the SLO - San Luis Obispo MLS area

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Lat/Long: 35.256084, -120.692477.
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Source: CRM. Also Available in SC26137802,

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Hristo Hristov

Hristo Hristov, G.R.I., SFR, GREEN, FTBS REALTOR® - Sales Associate 805-284-8471 m
Lic#: 01978598
NRDS ID: 199506356
HHristov@bhhscal.com
Santa Barbara Office
3868 State St
Santa Barbara, CA 93105