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$ 2,337,500
$ 2,575,000 9.2%
Est. payment /mo
Sold on 07/11/2025
1527 Royal Wy San Luis Obispo, CA 93405
8 Beds
UPDATED:
Key Details
Sold Price $2,337,500
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision San Luis Obispo(380)
MLS Listing ID PI25097647
Sold Date 07/11/25
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
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
Zoning Public Rec
Direction Losos Valley Rd W to Royal, Left to property on the left
Interior
Heating Baseboard, Radiant
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 053102008
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by James Kelsey Century 21 Masters-Arroyo Grande
Bought with Frankie Ciano Ciano Real Estate, Inc.
Bought with Frankie Ciano Ciano Real Estate, Inc.