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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 12/5/2024 at 12:15 PM UTC

 

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