1527 Royal Way, San Luis Obispo, CA 93405

$2,699,000
List Price
$2,699,000
Status
ACTIVE
MLS#
PI24219494
Year Built
1971
Lot Size
10,500
Acres
0.24
Lot Location
11-15 Units/Acre
Days on Market
11
Property Type
Multifamily
Property Sub Type
Quadruplex
Stories
Two Levels
Neighborhood
San Luis Obispo(380)

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.

Additional Information

Appliances
Dryer, Washer
Pool Description
None
Fireplace Description
Family Room, Gas
Heat
Central
Cooling Description
None
Sewer
Public Sewer
Water
Public
Interior Features
High Ceilings, Laminate Counters, All Bedrooms Up, Entrance Foyer
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$151,320
Operating Expense
43763

Listing courtesy of Listing Agent: James Kelsey (jim.kelsey1@gmail.com) from Listing Office: Century 21 Hometown Realty, Arroyo Grande Office.

Mortgage Calculator

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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.