1470 Madonna Road, San Luis Obispo, CA 93405
Fourplex
Sold August 2026
Listing Agent: Rob Rose (DRE #02035157) · Listing Office: Christie's International Real Estate Sereno · Contact: 805-476-0104 · Bought with: Rob Rose · Christie's International Real Estate Sereno · MLS #SC26144918 · Source: CRMLS
How this sale compares
1470 Madonna Road sold for $1,390,740 in August 2026, 17% under its $1,679,000 list price, after 5 days on the market. That works out to $277 per square foot on 5,023 square feet. Across 99 closed sales in 93405 over the last 12 months, the median sold price is $1,120,000 and the median is $628 per square foot, 127% above this sale's $277.
| Quarter | Closed sales in 93405 | Median sold price |
|---|---|---|
| Q1 2026 | 6 | $1,121,500 |
| Q2 2026 | 40 | $985,000 |
| Q3 2026 | 49 | $1,250,000 |
| Q4 2026 | 4 | $1,252,500 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in San Luis Obispo · Homes for sale in 93405
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.
Listing description from the August 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 1470 Madonna Road
1480 Madonna Road: Sold $1,500,000 · 9 bd · 8 ba · 5,023 sqft · Aug 2026 · 0.0 mi
Christie's International Real Estate Sereno | DRE #02035157
Buyer's agent: Rob Rose, Christie's International Real Estate Sereno | DRE #020351571351 Royal Way #4: Sold $625,000 · 3 bd · 2 ba · 1,239 sqft · Jul 2026 · 0.2 mi
Taylor Hoving Realty Group | DRE #01782225
Buyer's agent: NONE NONE, None MRML | DRE #N/A1816 Spooner: Sold $1,640,000 · 4 bd · 4 ba · 2,963 sqft · Aug 2026 · 0.2 mi
SLO County Homes | DRE #01351187
Buyer's agent: David Crabtree, Home & Ranch Sotheby's Intl | DRE #010921871336 Cavalier Lane: Sold $775,000 · 3 bd · 2 ba · 1,267 sqft · Aug 2026 · 0.3 mi
Christie's International Real Estate Sereno | DRE #02035157
Buyer's agent: Rob Rose, Christie's International Real Estate Sereno | DRE #0203515711295 Los Osos Valley 23: Sold $565,000 · 2 bd · 2 ba · 1,125 sqft · Jun 2026 · 0.3 mi
California Coastal Real Estate | DRE #01873454
Buyer's agent: Judy Fitzgerald, BHGRE HAVEN PROPERTIES | DRE #009296601106 Oceanaire Drive 45: Sold $704,000 · 3 bd · 3 ba · 1,768 sqft · Jun 2026 · 0.3 mi
Compass | DRE #01392788
Buyer's agent: Marina Luckow, NextHome Central Coast | DRE #020288091176 Oceanaire Drive: Sold $530,000 · 2 bd · 2 ba · 1,188 sqft · Sep 2026 · 0.4 mi
Equity Union | DRE #01111911
Buyer's agent: April Dean, BHGRE HAVEN PROPERTIES | DRE #019476081390 Vista del Lago: Sold $750,000 · 3 bd · 2 ba · 1,475 sqft · Jun 2026 · 0.4 mi
BHGRE HAVEN PROPERTIES | DRE #01203096
Buyer's agent: Christina Knighton, Century 21 Masters | DRE #02288224
Closed sales reported in 93405, nearest first, last 12 months. All recent sales in San Luis Obispo →