1527 Royal Wy
San Luis Obispo, CA, 93405
$2,575,000
Beds
0 Baths
SqFt
0.24 Acres
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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.

Property Details

Price:
$2,575,000
MLS #:
PI25097647
Status:
Active
Baths:
0
Address:
1527 Royal Wy
Type:
Residential Income
Subtype:
Quadruplex
Subdivision:
San Luis Obispo380
Neighborhood:
slosanluisobispo
City:
San Luis Obispo
Listed Date:
May 2, 2025
State:
CA
ZIP:
93405
Lot Size:
10,500 sqft / 0.24 acres (approx)
Year Built:
1971
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Interior

Cooling
None
Fireplace Features
Family Room
Heating
Baseboard, Electric, Radiant

Exterior

Community Features
Curbs, Gutters, Sidewalks
Electric
Electricity – On Property
Garage Spaces
0.00
Lot Features
11-15 Units/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

Financial

Tenant Pays
Cable T V, Electricity
Utilities
Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected

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1527 Royal Wy
San Luis Obispo, CA