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$2,599,000
23 Days On Site

1527 Royal Way
San Luis Obispo, CA 93405

For Sale|Quadruplex|Active
0
Beds
0
Full Baths
0
Partial Baths
4,544
SqFt
$572
/SqFt
1971
Built
Subdivision:
San Luis Obispo(380)
County:
San Luis Obispo
Listed by James Kelsey of Century 21 Hometown Realty, Arroyo Grande Office [email protected]

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1527 Royal Way1527 Royal Way1527 Royal Way1527 Royal Way
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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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Listing Snapshot
Price 
$2,599,000
Days On Site 
23 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,544 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.241 Acres
Year Built 
1971
MLS® Number 
PI24219494
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoPrice changed to $2,599,000
3 days agoListing updated with changes from the MLS®
3 weeks agoStatus changed to Active
3 weeks agoListing first seen on site
General Features
Acres 
0.241
Contingency 
Contingent upon seller finding a replacement property for a 1031 exchange. No showings without an accepted offer to purchase
Number Of Stories 
2
Parking 
AssignedAsphalt
Parking Spaces 
8
Property Sub Type 
Quadruplex
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
4544
Stories 
Two
Utilities 
Natural Gas AvailableCable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
Water Source 
Public
Interior Features
Appliances 
DryerWasherWasher/Dryer Stacked
Fireplace 
Yes
Fireplace Features 
Family RoomGas
Flooring 
TileVinyl
Heating 
Central
Interior 
High CeilingsLaminate CountersEntrance Foyer
Laundry Features 
Inside
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Exterior Features
Fencing 
Wood
Pool Features 
None
Community Features
Building Access 
living room
Community Features 
CurbsGolfParkStreet LightsSidewalks
Financing Terms Available 
Cash1031 Exchange
MLS Area 
SLO - San Luis Obispo
Roads 
Paved


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. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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