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

Features
: Central
: No Air Conditioning
: Tile, Vinyl
: Dryer, Washer, Other, Inside
: Other, Assigned
Address Map
CA
San Luis Obispo
San Luis Obispo
93405
1527 Royal Way
0
W121° 18' 22.4''
N35° 15' 24.7''
101 to Los Osos Valley Rd, W to Royal Wy, property
MLS Addon
Century 21 Masters-Arroyo Grande
James Kelsey
jim.kelsey1@gmail.com
CR484670
CR118266
: Public

Residential Income For Sale

1527 Royal Way, San Luis Obispo, California 93405

4,544 Sqft
$2,434,000
Listing ID #CRPI24219494
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : CRPI24219494
Price : $2,434,000
Square Footage : 4,544 Sqft
Year Built : 1971
Lot Area : 10,500 Sqft
Status : Active
Property SubType : Quadruplex
Agent info
Michael Roberts
Contact Agent