ActiveResidential · sale

935 Madonna Rd 303

San Luis Obispo, CA 93405

$699,000

  • 3 beds
  • 2 baths
  • 1,100 sq ft
  • 0.03 acres
  • Built 2024

Listed by LPT Realty, Inc. · MLS #PI26070069

935 Madonna Rd 303, San Luis Obispo, CA 93405 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2024.

Property size

0.03 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Welcome to this beautifully located condo in the heart of San Luis Obispos highly desirable Laguna Lake neighborhood Situated at 935 Madonna Road Unit 303 this inviting home offers the perfect blend of comfort convenience and Central Coast lifestyle Sitting on the 3rd floor so you hear nobody above you or below Step inside to find a bright and airy living space filled with natural light vaulted ceilings complemented by an open floor plan that seamlessly connects the living dining and kitchen areasideal for both relaxing and entertaining Enjoy your morning coffee or evening unwind on your private balcony where you can take in serene views of the surrounding hillsThe community offers wellmaintained grounds and amenities designed for easy living making it a great option for fulltime residents secondhome buyers or investorsLocated just minutes from Laguna Lake Park outdoor enthusiasts will appreciate nearby walking trails open space and scenic lake views Golf lovers will enjoy quick access to Laguna Lake Golf Course while shoppers and foodies will love being close to Madonna Plaza Shopping Center featuring popular retailers dining and everyday conveniencesCommuters and students alike benefit from easy access to California Polytechnic State University and nearby Highway 101 connecting you to downtown San Luis Obispo local beaches and the best of the Central CoastWhether youre looking for a peaceful retreat or a centrally located home base this condo offers an exceptional opportunity to enjoy all that San Luis Obispo has to offer
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THE NEIGHBORHOOD

Explore the location.

935 Madonna Rd 303, San Luis Obispo, CA 93405

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2024
Full baths
2
Garage spaces
0
Cooling
Electric
Pool
No
Pool features
Association
Subdivision
San Luis Obispo(380)
Parcel
053601027
HOA
San Luis Ranch
HOA amenities
Playground,Pool,RecreationRoom
HOA fee frequency
Monthly
HOA fee
$343.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$2,912.50
Cap rate—

Annual operating income: —

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

YOUR CAREER. YOUR NEXT CHAPTER.

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935 Madonna Rd 303, San Luis Obispo, CA 93405 · MLS #PI26070069

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Listing information

MLS #PI26070069 · California Regional MLS

Listing brokerage: LPT Realty, Inc.
Listing agent: Jack Hernandez

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.