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1527 Royal Way

San Luis Obispo, CA 93405
  • $2,599,000
  • STATUS: Active
  • ON SITE: 116 Days
  • ID#: PI24219494
UPDATED: 160 min ago
$2,599,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1971
County:

School Ratings & Info

Listing Agent(s): James Kelsey of Century 21 Hometown Realty, Arroyo Grande Office (805-489-2100)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-17T00:25:34.183. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Central Coast. Licensed in the State of California, USA.
www.kennyrealestategroup.com/homes/157066957
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1527 Royal Way San Luis Obispo, CA 93405

  • Price: $2,599,000
  • Status: Active
  • On Site: 116 Days
  • Updated: 160 min ago
  • ID#: PI24219494
0
Beds
0
Baths
0
½ Baths
0.24
Acres
1971
Built
Neighborhood:
San Luis Obispo(380)
County:
San Luis Obispo
Area:
SLO - San Luis Obispo
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.
Exterior Features

Entry Level 1 Entry Location living room Fencing Wood Lot Features 11-15 Units/Acre Number Of Separate Electric Meters 4 Open Parking Spaces 8 Parking Features AssignedAsphaltDriveway Level Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Paved

Interior Features

Appliances DryerWasher Common Walls 2+ Common WallsNo One Below Cooling None Cooling YN No Fireplace Features Family RoomGas Fireplace YN Yes Flooring TileVinyl Heating Central Heating YN Yes Interior Features High CeilingsLaminate CountersAll Bedrooms UpEntrance Foyer

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4 Common Interest None Community Features BikingCurbsDog ParkFoothillsGolfGutter(s)HikingParkStreet LightsSidewalks Contingency Contingent upon seller finding a replacement property for a 1031 exchange.No showings without an accepted offer to purchase Current Financing Conventional Electric Expense 0 Garage YN No Gross Income 151320 Gross Scheduled Income 151320 Insurance Expense 4337 Land Lease YN No Laundry Features InsideStacked Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan1031 Exchange Net Operating Income 107557 New Construction YN No New Taxes Expense 30363 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Number Of Units Leased 4 Operating Expense 43763 Pest Control Expense 600 Possession Close Of Escrow Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TVElectricityGas Total Actual Rent 12610 Trash Expense 2160 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Sewer Expense 5400 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-17T00:25:34.183. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Central Coast. Licensed in the State of California, USA.
 
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Keller Williams Realty Central Coast
350 James Way
Pismo Beach CA, 93449
Listing Agent(s): James Kelsey of Century 21 Hometown Realty, Arroyo Grande Office (805-489-2100)