1527 Royal Way
San Luis Obispo, CA 93405
0.24 acres | #PI24219494
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.
Interior Details
- InteriorHighCeilings, LaminateCounters, AllBedroomsUp, EntranceFoyer
Property Details
- Lot DescriptionElevenToFifteenUnitsAcre
- Stories2
Measurements
- Acres0.241
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1971
Utilities / Energy Details
- Utility FeaturesCableAvailable, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- SubdivisionSan Luis Obispo(380)
Location
- CountySan Luis Obispo
Financial Details
- Original List Price$2,699,000
Other
- MLS #PI24219494
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: James Kelsey (#PI01354722)
Listing Office: Century 21 Hometown Realty, Arroyo Grande Office (#PI2326)
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