1527 Royal Way

San Luis Obispo, CA 93405

PRICE REDUCED

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-$100,000 (-3.71%)

$2,599,000

List Price

N/A

bed Beds

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shower Baths

N/A sqft

straighten / sqft

1971

calendar_month Built

Property Description

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.

Listing Information

List Price $2,599,000
Status Active
MLS PI24219494
HOA $0
Type Residential Income
Subtype Quadruplex
Year Built 1971
Lot Size 10,500
Structure Size N/A
DOM 20
Courtesy Of Century 21 Hometown Realty, Arroyo Grande Office
Listing Agent James Kelsey DRE#01354722

Interior Features

Laundry Information
Location(s) Inside, Stacked
Bedroom Information
Features All Bedrooms Up
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Tile, Vinyl
Fireplace Information
Features Family Room, Gas
Additional Information
Additional Features High Ceilings, Laminate Counters, All Bedrooms Up, Entrance Foyer
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: James Kelsey, Century 21 Hometown Realty, Arroyo Grande Office . *Based on information from the Association of REALTORS/Multiple Listing as of Nov 12th, 2024 at 7:26 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.