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1543 Royal Way

San Luis Obispo, CA 93405

– beds
– baths
– sqft
8,886 sqft lot
1970 build
– on site

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We are excited to present a new investment opportunity in San Luis Obispo at 1543 Royal Way. This complex has 3 units and is perfect for investors looking for a great property in a desirable neighborhood. The building is located on a wonderful street that is close to schools, restaurants, and shopping centers. Big box stores are also conveniently located nearby. The property offers approximately 3442 sq. ft+/- of rentable space with an attractive unit mix of 3 Bedrooms / 2 Baths, 2 Bedrooms /1.5 Baths, and 2 Bedrooms/ 1 Bath units. It has garage parking, additional parking spaces for each unit, and a shared laundry onsite. Each unit is individually metered for electricity and has open, airy kitchens and living areas. The larger unit has a private backyard and another unit has a private patio space. The property has a good walkability score, making it a great location as tenants can easily accomplish some errands on foot. San Luis Obispo has been experiencing significant growth and investment interest for many years. It is home to amazing colleges such as California Polytechnic State University and Cuesta College. This property is a great opportunity for buyers and investors to start or expand their investment portfolio.

Listed By CRMLS_CA / Chantay Andrews / Richardson Sotheby's International Realty / 805-712-5230

Last checked: Checking… • Last updated Feb 24, 2024 •

MLS# NS24009577 —

The Building

Year Built:

1970
Year Built Source:

Public Records
New Construction:

No
Construction Materials:

Stucco
Roof:

Composition
Entry Level:

1
Foundation:

Slab
Accessibility Features:

Parking
Common Walls:

2+ Common Walls
Number With Patio:

2
Building Area Total:

3442.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

3
Stories Total:

1
# of Separate Water Meters:

1
# of Separate Electric Meters:

3

Interior

Features:

Formica Counters
Levels:

Two
Entry Location:

Front
Flooring:

Carpet, Vinyl
Fireplace:

Yes
Fireplace:

Living Room
Laundry:

In Garage
Laundry:

1

Location

Directions:

Los Osos Valley Rd to Royal Way
Latitude:

35.25664200
Longitude:

-120.69419700

The Property

Property Type:

Residential Income
Subtype:

Triplex
Zoning:

R2
Lot Features:

2-5 Units/Acre
Lot Size Area:

8886.0000
Lot Size Acres:

0.2040
Lot Size SqFt:

8886.00
Lot Size Source:

Public Records
View:

1
View:

Neighborhood
Fencing:

Wood
Fence:

Yes
Exclusions:

One Dryer
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

113.00
Tax Tract:

393
Tax Lot:

6

The Listing

Special Listing Conditions:

Standard
Parcel Number:

053102006

Heating & Cooling

Heating:

1
Heating:

Electric

Utilities

Utilities:

Cable Available
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Electric Oven, Electric Cooktop, Refrigerator, Water Heater
Included:

Yes

The Community

Subdivision:

San Luis Obispo(380)
Subdivision:

San Luis Obispo(380)
Senior Community:

No
Features:

Gutters, Sidewalks
Pool:

None
Private Pool:

No
Spa Features:

None

Parking

Parking:

Yes
Parking:

Driveway, Garage, Garage Faces Front, Parking Space
Parking Spaces:

3.00
Garage Spaces:

3.00

Extra Units

Number With Carpet:

3
Number With Dishwasher:

3
Number With Refrigerator:

3

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
2/13/24 Feb 13, 2024		BRIDGE	$1,399,000
2/12/24 Feb 12, 2024	Pending	CRMLS_CA	$1,399,000
2/2/24 Feb 2, 2024	Listed / Active	CRMLS_CA	$1,399,000

Multifamily Sold on 2/23/2024

$1,360,000

Listing provided by broker:

Chantay Andrews

Richardson Sotheby's International Realty

805-712-5230

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Listing Courtesy of: CRMLS_CA and Richardson Sotheby's International Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 07:42 on Nov 16.

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.

1543 Royal Way

San Luis Obispo, CA 93405