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.
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.
Property Details
Price:
$2,599,000
MLS #:
PI24219494
Status:
Active
Baths:
0
Address:
1527 Royal Way
Type:
Residential Income
Subtype:
Quadruplex
Subdivision:
San Luis Obispo380
Neighborhood:
slosanluisobispo
City:
San Luis Obispo
Listed Date:
Oct 22, 2024
State:
CA
ZIP:
93405
Lot Size:
10,500 sqft / 0.24 acres (approx)
Year Built:
1971
Schools
Interior
Cooling
None
Fireplace Features
Family Room, Gas
Flooring
Tile, Vinyl
Heating
Central
Interior Features
Formica Counters, High Ceilings
Exterior
Community Features
Biking, Curbs, Dog Park, Foothills, Golf, Hiking, Gutters, Park, Sidewalks, Street Lights
Fencing
Wood
Garage Spaces
0.00
Lot Features
11-15 Units/ Acre
Parking Features
Assigned, Asphalt, Driveway Level
Parking Spots
8.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Cable T V, Electricity, Gas
Utilities
Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
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Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …
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Courtesy of Century 21 Hometown Realty, Arroyo Grande Office. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates / JoAnn Outland include the name of the listing broker. Neither the listing company nor Outland and Associates / JoAnn Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.1527 Royal Way
San Luis Obispo, CA
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