Residential Income Multifamily
1480 Madonna Road San Luis Obispo, CA 93405
1480 Madonna Road, San Luis Obispo, CA, 93405
$1,679,000
Pending
For Sale
$1,679,000
Pending
MULTI_FAMILY - San Luis Obispo, CA
Property Size5,023 SF
Lot Size0.19 Acres
Days on Market40
Property Features for 1480 Madonna Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 9
- Bathrooms
- 8
- Rooms
- Bathroom 7, Bathroom 2, Kitchen, Bathroom 1, Bedroom 2, Bathroom 4, Bedroom 3, Bathroom 6, Bedroom 6, Bathroom 8, Laundry Room, Bathroom 5, Bedroom 8, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 7, Bedroom 9, Bathroom 3
- Parking
- 1
- Standard status
- Pending
- APN
- 053102028
- Size
- 5,023 SF
- Lot size
- 0.19 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1972
- Floors in Building
- 2
- 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# SC26136638
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 residential income multifamily property at 1480 Madonna Road comprises 5,023 square feet on a 0.1928-acre lot. The offering is presented as a multifamily investment, with the building size suited for a compact, manageable operating profile.
The property is located in San Luis Obispo, within San Luis Obispo County in California (93405). The listing does not provide additional details on unit configuration, on-site amenities, or specific building features, so due diligence will be important for buyers evaluating layout and physical condition.
For buyers seeking a small, residential-income multifamily property in the San Luis Obispo market, this asset provides a defined footprint and lot size for planning and underwriting. Potential buyers and tenant-focused operators can use the established building size and site area as starting points to review the property’s unit mix, occupancy readiness, and ongoing maintenance considerations during their review process.
The property is located in San Luis Obispo, within San Luis Obispo County in California (93405). The listing does not provide additional details on unit configuration, on-site amenities, or specific building features, so due diligence will be important for buyers evaluating layout and physical condition.
For buyers seeking a small, residential-income multifamily property in the San Luis Obispo market, this asset provides a defined footprint and lot size for planning and underwriting. Potential buyers and tenant-focused operators can use the established building size and site area as starting points to review the property’s unit mix, occupancy readiness, and ongoing maintenance considerations during their review process.
Key Highlights
- Built in 1972
- Public water supply
- Public sewer
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
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - A small multifamily asset offering residential income potential in San Luis Obispo, California.
Where is this quadplex located?
The property is located at 1480 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 supply; Public sewer
