1527 Royal WAY Active Save Request In-Person Tour Request Virtual Tour
San Luis Obispo,CA 93405
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,544 sqft
Price per Sqft $593
Subdivision San Luis Obispo(380)
MLS Listing ID PI24219494
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
Rooms
Ensuite Laundry Inside,Stacked
Interior
Laundry Location Inside,Stacked
Heating Central
Cooling None
Flooring Tile,Vinyl
Fireplaces Type Family Room,Gas
Laundry Inside,Stacked
Exterior
Garage 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
Building
Lot Description 11-15 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,1031 Exchange
Listing Terms Cash,Cash to New Loan,1031 Exchange
Special Listing Condition Standard