1 of 31

Want to see this property?

1527 Royal Way

San Luis Obispo, CA 93405

– beds
– baths
– sqft
10,500 sqft lot
1971 build
– on site

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.

Listed By CRMLS_CA / James Kelsey / Century 21 Hometown Realty, Arroyo Grande Office / 805-709-4828

Last checked: Checking… • Last updated Dec 12, 2024 •

MLS# PI24219494 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1971
Year Built Source:

Public Records
New Construction:

No
Building Area Total:

4544.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Number With Patio:

4
Common Walls:

2+ Common Walls, No One Below
# of Separate Gas Meters:

4
# of Separate Electric Meters:

4

Interior

Features:

Formica Counters, High Ceilings
Levels:

Two
Entry Location:

living room
Flooring:

Tile, Vinyl
Room Type:

All Bedrooms Up, Foyer
Fireplace:

Yes
Fireplace:

Family Room, Gas
Laundry:

Dryer Included, Inside, Stackable, Washer Included
Laundry:

1

Location

Directions:

101 to Los Osos Valley Rd, W to Royal Wy, property is on the left
Latitude:

35.25691600
Longitude:

-120.69378600

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Lot Features:

11-15 Units/Acre
Lot Size Area:

10500.0000
Lot Size Acres:

0.2410
Lot Size SqFt:

10500.00
Lot Size Source:

Public Records
Fencing:

Wood
Fence:

Yes
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

053102008

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

No
Cooling:

None

Utilities

Utilities:

Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

San Luis Obispo(380)
Subdivision:

San Luis Obispo(380)
Features:

Biking, Curbs, Dog Park, Foothills, Golf, Hiking, Gutters, Park, Sidewalks, Street Lights
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking:

Yes
Parking:

Assigned, Asphalt, Driveway Level
Parking Spaces:

8.00
Uncovered Spaces:

8.00

Extra Units

Average 2 Bed Area:

1110
Number With Drapes:

4
Number With Disposal:

4
Number With Dishwasher:

4
Number With Refrigerator:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/12/24 Nov 12, 2024	Price Changed	CRMLS_CA	$2,599,000	-3.7%
10/23/24 Oct 23, 2024	Listed / Active	CRMLS_CA	$2,699,000
3/19/21 Mar 19, 2021	Price Changed	CRMLS_CA

Want a closer look?

Go see 1527 Royal Way

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in San Luis Obispo, CA

Similar sold homes

This multifamily located in Irish Hills, San Luis Obispo, CA 93405 is currently for sale for $2,599,000. 1527 Royal Way is a – square foot multifamily with – beds and – baths that has been on Estately for 60 days. 1527 Royal Way is in the Irish Hills neighborhood of San Luis Obispo and has a WalkScore® of 68, making it somewhat walkable. This multifamily is in the attendance area of Laguna Middle School, C.L. Smith Elementary School, and San Luis Obispo High School.

Listing Courtesy of: CRMLS_CA and Century 21 Hometown Realty, Arroyo Grande Office. Based on information from California Regional Multiple Listing Service, Inc. as of 23:51 on Dec 21.

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. 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, 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.