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    1527 Royal Way

    San Luis Obispo, CA 93405
    • $1,987,000
    • STATUS: Active
    • ON SITE: 150 days
    • ID#: SC20256190
    $1,987,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,450
      SQFT
    • $447
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1971
    County:

    School Ratings & Info

    Description

    *Price Improvement* Prime opportunity to acquire a well maintained and well managed income property located in a desirable area of San Luis Obispo. Situated near Laguna lake, Costco, Home depot, Target, 101 freeway, and Cal Poly, this investment property features 4 large units (approx. 1,125sqft each) which have been well maintained and have received recent capital improvements such as new painting, front landscaping and patio doors and windows. Each unit has 2 bedrooms, 1.5 baths, private front patios and private back fenced yards. Each unit features a fireplace, high ceilings, Oak staircase, 3 skylights for natural light, and architectural aesthetics. Established tenants have included medical professionals and professors. If you are looking for a low turn over, low expense and stable income producing asset on the beautiful Central Coast of California, here it is!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T00:36:16.78. 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 deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.debonishomes.com/homes/112576651
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    1527 Royal Way San Luis Obispo, CA 93405

    • Price: $1,987,000
    • Status: Active
    • ID#: SC20256190
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    4,450
    SQFT
    $447
    $/SQFT
    1971
    Built
    Neighborhood:
    San Luis Obispo(380)
    County:
    San Luis Obispo
    Area:
    SLO - San Luis Obispo
    Property Description
    *Price Improvement* Prime opportunity to acquire a well maintained and well managed income property located in a desirable area of San Luis Obispo. Situated near Laguna lake, Costco, Home depot, Target, 101 freeway, and Cal Poly, this investment property features 4 large units (approx. 1,125sqft each) which have been well maintained and have received recent capital improvements such as new painting, front landscaping and patio doors and windows. Each unit has 2 bedrooms, 1.5 baths, private front patios and private back fenced yards. Each unit features a fireplace, high ceilings, Oak staircase, 3 skylights for natural light, and architectural aesthetics. Established tenants have included medical professionals and professors. If you are looking for a low turn over, low expense and stable income producing asset on the beautiful Central Coast of California, here it is!
    Exterior Features

    Lot Features LevelNear ParkPaved Number Of Separate Electric Meters 5 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls Fireplace Features Living Room Fireplace YN Yes Flooring LaminateTile Heating Fireplace(S) Heating YN Yes Interior Features All Bedrooms Up

    Property Features

    Additional Parcels YN No Common Interest None Community Features Street LightsSidewalksPark Contingency Buyer To Participate With Seller's 1031 Exchange At No Cost To Buyer Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 117000 Gross Scheduled Income 117480 Insurance Expense 1200 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 84051 New Construction YN No New Taxes Expense 24189 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 1 Operating Expense 8760 Pest Control Expense 600 Property Condition Updated/Remodeled Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Electricity Trash Expense 1440 Water Sewer Expense 4200 Water Source Public Zoning R2

    Listing provided courtesy of Joshua Farris of Atlas Real Estate & Investment


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T00:36:16.78. 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 deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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    Riverside CA, 92508