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
- 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, Kitchen, Living Room
- 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
Utilities
- Cooling system
- None (Cooling)
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 approx. 5,023 SF of living space on an 8,400 SF lot
- Unit mix: one 3‑bedroom, 2‑bath unit with private 1‑car garage plus three 2‑bedroom, 2‑bath units
- All units are two‑story floor plans with living areas on the main level and bedrooms upstairs
- Includes shared community laundry facility and eight unassigned parking spaces
- Year built: 1972
- Exterior includes curbs, street lights, and sidewalks; lot is level
Overview
The property is located in San Luis Obispo, described as being near shopping, schools, hiking and biking trails, public transportation, and major commuter routes. The overall setting supports day-to-day convenience for residents.
From an ownership standpoint, the building is positioned as a maintained multifamily asset with opportunities for interior/cosmetic updates in many units, including flooring and interior paint. This configuration and unit mix can appeal to buyers looking for a small multifamily portfolio with multiple bedroom options, while benefitting from shared on-site laundry and on-site parking.
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
