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Listed by James Kelsey • Century 21 Masters-Arroyo Grande
$2,575,000
Est. payment /mo
4,544 SqFt
New
1527 Royal Wy San Luis Obispo, CA 93405
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,544 sqft
Price per Sqft $566
MLS Listing ID PI-25097647
Year Built 1971
Lot Size 10,500 Sqft
Property Sub-Type Quadruplex
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.
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Interior
Heating Radiant, Baseboard
Cooling None
Fireplaces Type Family Room
Laundry Dryer Included, In Closet, Washer Included
Exterior
Parking Features Gated
Pool None
Community Features Curbs, Gutters, Sidewalks
Utilities Available Sewer Connected, Water Connected, Cable Available, Electricity Connected, Phone Available
Building
Lot Description 11-15 Units/Acre
Sewer Public Sewer