1527 Royal Way, San Luis Obispo, CA 93405
  • MLS#: PI24219494 ( Quadruplex )
  • Street Address: 1527 Royal Way
  • Viewed: 2
  • Price: $2,599,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1971
  • Bldg sqft: 0
  • Days On Market: 25
  • Additional Information
  • County: SAN LUIS OBISPO
  • City: San Luis Obispo
  • Zipcode: 93405
  • Subdivision: San Luis Obispo(380)
  • Provided by: Century 21 Hometown Realty, Arroyo Grande Office
  • Contact: James James
  • California Regional MLS IDX
  • DMCA Notice
  • 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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Features
Association Fee
  1. 0.00
Building Area Total
  1. 4544.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
  2. No One Below
Cooling
  1. None
Country
  1. US
Days On Market
  1. 22
Current Financing
  1. Conventional
Electric Expense
  1. 0.00
Entry Location
  1. living room
Fencing
  1. Wood
Fireplace Features
  1. Family Room
  2. Gas
Flooring
  1. Tile
  2. Vinyl
Garage Spaces
  1. 0.00
Gardner Expense
  1. 1392.00
Heating
  1. Central
Insurance Expense
  1. 4337.00
Interior Features
  1. Formica Counters
  2. High Ceilings
Laundry Features
  1. Dryer Included
  2. Inside
  3. Stackable
  4. Washer Included
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 11-15 Units/Acre
Netoperatingincome
  1. 107557.00
Newtaxesexpense
  1. 30363.00
Parcel Number
  1. 053102008
Parking Features
  1. Assigned
  2. Asphalt
  3. Driveway Level
Pest Control Expense
  1. 600.00
Pool Features
  1. None
Property Type
  1. Quadruplex
Road Surface Type
  1. Paved
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 425833855:CRM
Subdivision Name Other
  1. San Luis Obispo(380)
Tenant Pays
  1. Cable TV
  2. Electricity
  3. Gas
Totalactualrent
  1. 12610.00
Totalexpenses
  1. 43763.00
Trash Expense
  1. 2160.00
Uncovered Spaces
  1. 8.00
Utilities
  1. Cable Available
  2. Electricity Connected
  3. Natural Gas Connected
  4. Sewer Connected
  5. Water Connected
Water Sewer Expense
  1. 5400.00
Water Source
  1. Public
Year Built
  1. 1971
Year Built Source
  1. Public Records