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
Property Features
Property Information:
Year Built: 1971
Stories: 2
Listing Office:
Office Name: Century 21 Hometown Realty, Arroyo Grande Office
Office Phone: (805) 709-4828
Listing Agent: James Kelsey
Interior Features
Interior Information:
Appliances: Dryer, Washer
Flooring Type: Tile, Vinyl
Interior: High Ceilings, Laminate Counters, All Bedrooms Up, Entrance Foyer
Fireplace: Family Room, Gas
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Parking: Assigned, Asphalt, Driveway Level
Lot Features
Lot Information:
Lot Size: 0.24 Acres
Utilities
Utilities Information:
Heating: Central
Cooling: None
Other
Directions Information:
Directions: 101 to Los Osos Valley Rd, W to Royal Wy, property is on the left
Price Information
Listing Price Info
Price Summary:
List Price: $2,599,000
Tax Information:
Annual Amount: $12,405
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in San Luis Obispo, CA.
This property is $1.5M more than the Median Sold Price in San Luis Obispo, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #PI24219494
Listing Office:
Office Name: Century 21 Hometown Realty, Arroyo Grande Office
Office Phone: (805) 709-4828
Listing Agent: James Kelsey
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 6:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 30, 2006
Jun 30, 2006Home Sold
$890,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$12,405
$1,123,626
2020
$12,276
$1,112,105
2019
$11,908
$1,090,300
2018
$11,908
$1,068,923
2017
$11,671
$1,047,964
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
C.L. Smith Elementary School
1375 Balboa St
Distance between this listing and this school0.44 miles
Public District Grades KG-6
5
/10
Hawthorne Elementary School
2125 Story St
Distance between this listing and this school2.17 miles
Public District Grades KG-6
6
/10
Bishop's Peak Elementary School
451 Jaycee Dr
Distance between this listing and this school2.82 miles
Public District Grades KG-6
Nearby Schools
7
/10
Laguna Middle School
11050 Los Osos Valley Rd
Distance between this listing and this school0.48 miles
Public District Grades 7-8
9
/10
Teach Elementary School
165 Grand Ave
Distance between this listing and this school3.45 miles
Public District Grades 4-6
5
/10
Judkins Middle School
680 Wadsworth Ave
Distance between this listing and this school8.36 miles
Public District Grades 7-8
Nearby Schools
3
/10
Pacific Beach High School
11950 Los Osos Valley Rd
Distance between this listing and this school0.43 miles
Public District Grades 10-12
9
/10
San Luis Obispo High School
1499 San Luis Dr
Distance between this listing and this school3.12 miles
Public District Grades 9-12
4
/10
Grizzly Challenge Charter
721 Mendocino Ave
Distance between this listing and this school5.07 miles
The neighbors living near this home have an average income of $42,222. Typical income of San Luis Obispo, CA residents is less than $35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.
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This home is located at 1527 Royal Way in San Luis Obispo, CA and zip code 93405. This home, which was built in 1971, sits on a 0.24 acre lot. It has been listed on Rocket Homes since October 23, 2024 and is currently priced at $2,599,000.
In November 2024 more than 6 listings in San Luis Obispo, CA were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 15 were sold below. The number of homes for sale in San Luis Obispo, CA decreased by 16.4% between October 2024 and November 2024. Listings spent 24 days on the market in November 2024, and had a median list price of $1,020,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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