1480 Madonna Road, San Luis Obispo, CA 93405
Quadruplex - San Luis Obispo, CA
- Added:
- Jun 25, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 25 at 8:06 pm
Property Features for 1480 Madonna Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 9
- Bathrooms
- 8
- Rooms
- Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
- Parking
- 1
- Exterior features
- Community Features Included: Curbs, Street Lights, Sidewalks, Lot 6500-9999, Level
- Standard status
- Active
- APN
- 053102028
- Size
- 5,023 SF
- Lot size
- 8,400.00 Acres
Building Details
- Year built
- 1972
- Floors in Building
- 2
- Number of units
- 4
- Architectural style
- Other
Listing agent Rob Rose License #02035157 (805) 471-8351
Listing office Christie's International Real Estate Sereno 364 Pacific St, Los Gatos, CA (805) 476-0104
Listing date Jun 25, 2026
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.
HighLights
- Fourplex legally described as two duplexes with 5,023 sq ft of living space
- Unit mix: one 3‑bedroom/2‑bath plus three 2‑bedroom/2‑bath units; all two‑story floor plans
- 8,400 sq ft lot with level setting and community features including curbs, street lights, and sidewalks
- One unit includes a private 1‑car garage; additional eight unassigned parking spaces on‑site
- Shared community laundry facility
- Year built 1972
Overview
1480 Madonna Road is in San Luis Obispo, with the public remarks noting proximity to shopping, schools, hiking and biking trails, public transportation, and major commuter routes.
For investors and owner-operators seeking a multifamily asset with an established residential unit mix, this configuration provides a blend of one larger unit and three smaller units, all within a two-duplex legal setup. The property presents an opportunity for interior and cosmetic updates, with the remarks specifically citing potential for flooring and interior paint in many units. The parking and shared laundry amenities support day-to-day tenant convenience within the overall layout.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- San Luis Obispo
- County
- San Luis Obispo
- State
- California
- Longitude
- -120.6925352
- Latitude
- 35.2560007
