San Luis Obispo CA Multi Family for Sale
$2,599,000
1527 Royal Way San Luis Obispo, CA 93405
- Type:
- Fourplex
- Sq.Ft.:
- 4,544
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.24 Acres
- Year built:
- 1971
- Baths:
- MLS#:
- PI24219494
- Subdivision:
- San Luis Obispo(380)
ADDITIONAL INFORMATION
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.
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 4
- Lot size:
- 0.11 Acres
- Year built:
- 1935
- Baths:
- MLS#:
- CRSC23200882
View additional info
Courtesy: Comet Realty
ADDITIONAL INFORMATION
This is a unique property in beautiful SLO with additional income opportunities. You won't be disappointed. The 1 bedroom/1 bath 420 SF front unit (165 Cerro Romauldo) is completely separated from the back unit on the property. The back unit (167 Cerro Romauldo) is an 1,000 SF Additional Dwelling Unit that has 3 bedrooms and 1 bath. The front unit has all new plumbing and electrical. The inside was completely redone in September 2022. It has new kitchen appliances and the washer/dryer are included. The sewer lateral has been replaced along with a new roof. It has a private fenced yard with single car carport. Both units are currently leased through June 2024 at $5400 a month (165-$2000 and 167-$3400) The back unit is new construction. It has 3 bedrooms and 1 full bath. A private entrance allows separation from the front unit. It has owned solar, 9' ceilings, and AC. The yard is also zero-scaped. This is an AS-IS Sale. Don't miss this one!
San Luis Obispo Real Estate
The median home value in San Luis Obispo, CA is $932,400. This is higher than the county median home value of $812,000. The national median home value is $338,100. The average price of homes sold in San Luis Obispo, CA is $932,400. Approximately 35.79% of San Luis Obispo homes are owned, compared to 54.72% rented, while 9.5% are vacant. San Luis Obispo real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a San Luis Obispo real estate agent to arrange a tour today!
San Luis Obispo, California 93405 has a population of 47,257. San Luis Obispo 93405 is less family-centric than the surrounding county with 16.37% of the households containing married families with children. The county average for households married with children is 26.98%.
The median household income in San Luis Obispo, California 93405 is $61,862. The median household income for the surrounding county is $82,514 compared to the national median of $69,021. The median age of people living in San Luis Obispo 93405 is 26 years.
San Luis Obispo Weather
The average high temperature in July is 73.7 degrees, with an average low temperature in January of 42.8 degrees. The average rainfall is approximately 20 inches per year, with 0 inches of snow per year.