REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Scott Haigwood

scott@haigwoodhomes.com +1(805) 710-3168

$1,679,000

Est. payment - /mo

9,822 Sqft Lot

Save Virtual Tour

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision San Luis Obispo(380)

MLS Listing ID SC26144930

HOA Y/N No

Year Built 1972

Lot Size 9,822 Sqft

Property Sub-Type Quadruplex

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, 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.

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Curbs, Street Lights, Sidewalks

Total Parking Spaces 1

Private Pool No

Building

Lot Description Level

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 053102029

Energy Description 1.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

Virtual Tour https://properties.aspectvisuals.co/mls/252120981

Read Less Info

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Rob Rose Christie's International Real Estate Sereno 805-476-0104, DRE #02035157

1470 Madonna RD San Luis Obispo, CA 93405