Active
1527 Royal Way
San Luis Obispo CA, 93405
$2,599,000
$571.96 per sqft
Active
4,544 sqft
Multi-family
Built in 1971
Listed by James Kelsey with Century 21 Hometown Realty, Arroyo Grande Office 805-709-4828
This 4 unit luxury apartment complex is a rare find. It is centrally located close to shopping and an easy commute to Cal Poly. All units are 2 bedroom 1-1/2 bath townhouse style. Each unit has a fireplace, indoor laundry with washer & dryer. All units also have 2 outdoor private enclosed patios one in front and back. Unit 1 and 4 have extra large outdoor area. 3 skylights in each unit, oak staircase in 3 units.
All new windows including 2 - 8ft patio doors in each unit. Custom 8 ft mirror closet doors in each unit and custom 8ft door at the guest closet at the entrance. All laminated floors and tile bathrooms, for easy upkeep. Sunken large tub - combination of tub/shower.
The Foyer has 36 ft high ceiling with skylights. Kitchen has 36 ft high ceiling and a skylight.
2 parking spaces for each unit. Additional lot on the left side that could take a trailer or RV with pull out.
Lot has electric plug for the RV and is possible to connect to the existing sewer line.
The parking lot was recently refinished. The complex is 5 mi to Cal-Poly , 5-mi to Avila beach, Costco, Target, Home Depot are very close.
As you can see these are quality, turn key units with an annual gross income of over $151,000. All 4 units are on annual leases that started mid-August 2024 until mid-August 2025 with options to renew leases.
Large lot 11,000 sq ft, view of the mountains from several bedrooms.
PI24219494
MLSⓇ ID
October 23, 2024
Listed
December 5, 2024
Updated
Map
1527 Royal Way
San Luis Obispo CA, 93405
Interior Features
Total Stories
2
Interior Features
High Ceilings, Laminate Counters, All Bedrooms Up, Entrance Foyer
Appliances
Dryer, Washer
Laundry Description
Inside, Stacked
Floor Description
Tile, Vinyl
Fireplace
Yes
Fireplace Description
Family Room, Gas
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.24 Acres
Lot Features
11-15 Units/Acre
Sewer
Public Sewer
Other Property Details
Area Name
SLO - San Luis Obispo
Days on Market
42
Garage
No
Parking
Assigned, Asphalt, Driveway Level
Parking Total
8
View
No
County
San Luis Obispo
Water Source
Public
Pool
No
Pool Features
None
Listing History
Date | Event | Price |
---|---|---|
11/12/2024 | Price change | $2,599,000 -4% |
Listing Contact: 805-489-2100
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/5/2024 at 12:15 PM UTC