1543 Royal Way, San Luis Obispo, CA 93405

$1,399,000
List Price
$1,399,000
Status
PENDING
MLS#
NS24009577
Year Built
1970
Lot Size
8,886
Acres
0.20
Lot Location
Item25UnitsAcre
Days on Market
9
Property Type
Multifamily
Property Sub Type
Triplex
Stories
Two Levels
Neighborhood
San Luis Obispo(380)

Property Description

We are excited to present a new investment opportunity in San Luis Obispo at 1543 Royal Way. This complex has 3 units and is perfect for investors looking for a great property in a desirable neighborhood. The building is located on a wonderful street that is close to schools, restaurants, and shopping centers. Big box stores are also conveniently located nearby. The property offers approximately 3442 sq. ft+/- of rentable space with an attractive unit mix of 3 Bedrooms / 2 Baths, 2 Bedrooms /1.5 Baths, and 2 Bedrooms/ 1 Bath units. It has garage parking, additional parking spaces for each unit, and a shared laundry onsite. Each unit is individually metered for electricity and has open, airy kitchens and living areas. The larger unit has a private backyard and another unit has a private patio space. The property has a good walkability score, making it a great location as tenants can easily accomplish some errands on foot. San Luis Obispo has been experiencing significant growth and investment interest for many years. It is home to amazing colleges such as California Polytechnic State University and Cuesta College. This property is a great opportunity for buyers and investors to start or expand their investment portfolio.

Additional Information

Appliances
Electric Cooktop, Electric Oven, Refrigerator, Water Heater
Pool Description
None
Fireplace Description
Living Room
Heat
Electric
View
Neighborhood
Exterior Construction
Stucco
Roof
Composition
Garage Spaces Total
3
Sewer
Public Sewer
Water
Public
Interior Features
Laminate Counters
Attached Structure
Attached
Number Of Units Total
3
Gross Scheduled Income
$54,600
Operating Expense
51736

Listing courtesy of Listing Agent: Chantay Andrews (chantayandrews@gmail.com) from Listing Office: Richardson Sotheby's International Realty.

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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, 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.