1527 Royal Way San Luis Obispo, CA 93405
Property details
About 1527 Royal Way
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.
Highlights
Summary
- Appliances: Dryer, Washer
- Fireplace: Family Room
- Private Pool: No
- Heating: Baseboard, Electric, Radiant
- Cooling: None
- List Price: $2,575,000
- Annual Tax Amount: $13,703
- Tax Year: 2024
- Directions: Losos Valley Rd W to Royal, Left to property on the left
- Year Built: 1971
- Stories: 2
- Lot Size: 0.241 Acres
- MLS Number: PI25097647
- MLS Name: CRMLS
- Office Name: Century 21 Masters-Arroyo Grande
- 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: 5/10/2025, 3:20:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,575,000
1527 Royal Way
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jun 30, 2006 | Home Sold | $890,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,192,398 | $13,703 |
| 2023 | $1,169,018 | $13,465 |
| 2022 | $1,146,097 | $12,635 |
| 2021 | $1,123,626 | $12,405 |
| 2020 | $1,112,105 | $12,276 |
| 2019 | $1,090,300 | $11,908 |
| 2018 | $1,068,923 | $11,908 |
| 2017 | $1,047,964 | $11,671 |
History based on county public records data.
Nearby schools
6
C.L. Smith Elementary School
Public District KG-6
0.4 mi
•1375 Balboa St
5
Hawthorne Elementary School
Public District KG-6
2.2 mi
•2125 Story St
6
Bishop's Peak Elementary School
Public District KG-6
2.8 mi
•451 Jaycee Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $42,222. The most common annual income of people living in San Luis Obispo, CA is less than $<35k. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
NBA/WNBA
Symphony or Opera
Yoga/pilates
Where do the neighbors shop?
Express/Express For Men
Chico's
H&M
Where do the neighbors go to eat?
Starbucks
Boston Market
Dominos Pizza
What do the neighbors drive?
Pontiac
Volvo
Audi
What do the neighbors listen to?
Urban Contemporary
Talk/Personality
Alternative
This home is located at 1527 Royal Way in San Luis Obispo, CA and zip code 93405. Features: 0 bathroom. It has been listed on Rocket Homes since May 2, 2025 and is currently priced at $2,575,000.
Over 13 listings were sold over their listed price in April 2025 in San Luis Obispo, CA. In the same period over 14 listings were sold below the listed price and 8 listings were sold for the listed price. The number of homes for sale in San Luis Obispo, CA increased by 4.6% between March and April 2025. In April 2025 median list price was $1,043,333 and the average listing age was 37 days.