Homes for sale - 1527 Royal WAY, San Luis Obispo, CA 93405

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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 2,599,000

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1527 Royal WAY San Luis Obispo, CA 93405

10,497 Sqft Lot

UPDATED:

12/13/2024 07:14 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Subdivision San Luis Obispo(380)

MLS Listing ID PI24219494

HOA Y/N No

Year Built 1971

Lot Size 10,497 Sqft

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.

Location

State CA

County San Luis Obispo

Area Slo - San Luis Obispo

Interior

Interior Features High Ceilings, Laminate Counters, All Bedrooms Up, Entrance Foyer

Heating Central

Cooling None

Flooring Tile, Vinyl

Fireplaces Type Family Room, Gas

Fireplace Yes

Appliance Dryer, Washer

Laundry Inside, Stacked

Exterior

Parking Features Assigned, Asphalt, Driveway Level

Fence Wood

Pool None

Community Features Biking, Curbs, Dog Park, Foothills, Golf, Gutter(s), Hiking, Park, Street Lights, Sidewalks

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Total Parking Spaces 8

Private Pool No

Building

Lot Description 11-15 Units/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 053102008

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by James Kelsey • Century 21 Hometown Realty, Arroyo Grande Office • 805-709-4828

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

1527 Royal WAY San Luis Obispo, CA 93405

Key Details

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1527 Royal WAY