Quadplex Residential Income
1470 Madonna Road San Luis Obispo, CA 93405
1470 Madonna Road, San Luis Obispo, CA, 93405
$1,679,000
For Sale
Under Contract
$1,679,000
MULTI_FAMILY - San Luis Obispo, CA
Property Size5,023 SF
Lot Size0.23 Acres
Price / SF$334.26
Days on Market40
Property Features for 1470 Madonna Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 8
- Rooms
- Laundry Room, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 5, Bathroom 7, Kitchen, Bedroom 9, Bathroom 1, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 6, Bedroom 7, Bathroom 8, Bathroom 4, Bathroom 6, Bathroom 2, Bedroom 8
- Parking
- 1
- Standard status
- Active Under Contract
- APN
- 053102029
- Size
- 5,023 SF
- Lot size
- 0.23 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1972
- Floors in Building
- 1
- Number of units
- 4
Listing Agency
Christie's International Real Estate Sereno
(805) 476-0104
364 Pacific St, Los Gatos, CA
Listed by
Rob Rose · License #02035157
(805) 476-0104
Added: Jun 8 Checked: Jul 17 at 8:06 am
MLS# SC26144918
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale quadplex provides a residential income setup with four separate units within a 5,023-square-foot building. The property is situated on a 0.2255-acre lot at 1470 Madonna Road in San Luis Obispo, California 93405, in San Luis Obispo County. As presented, the offering is focused on the multi-unit residential structure and its ability to generate income through multiple households.
The asset’s address on Madonna Road places it within the San Luis Obispo market. With the lot and building sizes listed, the property is positioned as a manageable, smaller-footprint multifamily investment compared with larger complexes, which may appeal to buyers seeking a compact portfolio addition.
For investors, this quadplex format can be a practical choice when evaluating multi-unit residential strategies, since it concentrates four units under one ownership structure. For occupants and operators, the configuration supports the ongoing need for housing options with each unit serving as an independent space. Buyers should review unit mix, current income, and condition details directly with the listing broker during due diligence.
The asset’s address on Madonna Road places it within the San Luis Obispo market. With the lot and building sizes listed, the property is positioned as a manageable, smaller-footprint multifamily investment compared with larger complexes, which may appeal to buyers seeking a compact portfolio addition.
For investors, this quadplex format can be a practical choice when evaluating multi-unit residential strategies, since it concentrates four units under one ownership structure. For occupants and operators, the configuration supports the ongoing need for housing options with each unit serving as an independent space. Buyers should review unit mix, current income, and condition details directly with the listing broker during due diligence.
Key Highlights
- Built in 1972
- Public water and public sewer services
- 9 bedrooms total (Bedroom 1 through Bedroom 9)
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $153.7k | $30.60 |
| − Vacancy | −$3.7k | −$0.73 |
| EGI | $150.0k | $29.87 |
| − OpEx | −$45.0k | −$8.96 |
| NOI | $105.0k | $20.91 |
5,023 SF · lease $30.60/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.50M
$1.31M – $1.75M
NOI $105,032 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$1.39M
$1.21M – $1.62M
NOI $96,969 @ 7.0% cap · market cap 5.78%
Theoretical Best
Healthcare Medical
$1.98M
$1.73M – $2.30M
NOI $138,283 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - For-sale quadplex on a small lot, offering a straightforward residential income format in San Luis Obispo.
Where is this quadplex located?
The property is located at 1470 Madonna Road San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $1,679,000.
What are key features of this property?
This property features: Built in 1972; Public water and public sewer services; 9 bedrooms total (Bedroom 1 through Bedroom 9)
