We are excited to present a new investment opportunity in San Luis Obispo at 1543 Royal Way. This complex has 3 units and is perfect for investors looking for a great property in a desirable neighborhood. The building is located on a wonderful street that is close to schools, restaurants, and shopping centers. Big box stores are also conveniently located nearby. The property offers approximately 3442 sq. ft+/- of rentable space with an attractive unit mix of 3 Bedrooms / 2 Baths, 2 Bedrooms /1.5 Baths, and 2 Bedrooms/ 1 Bath units. It has garage parking, additional parking spaces for each unit, and a shared laundry onsite. Each unit is individually metered for electricity and has open, airy kitchens and living areas. The larger unit has a private backyard and another unit has a private patio space. The property has a good walkability score, making it a great location as tenants can easily accomplish some errands on foot. San Luis Obispo has been experiencing significant growth and investment interest for many years. It is home to amazing colleges such as California Polytechnic State University and Cuesta College. This property is a great opportunity for buyers and investors to start or expand their investment portfolio.
Sold for $1,360,000
Listed by: Central Coast Sotheby's International Realty • Chantay Andrews • Contact: 805-712-5230
Bought with: The Avenue Central Coast Realty, Inc.
$1,360,000
1543 Royal Way, San Luis Obispo, CA 93405
7beds
5baths
3,442sqft
Triplex
Built in 1970
-- sqft lot
$1,478,900 Zestimate®
$395/sqft
$4,138 Estimated rent
Home value
$1,478,900
$1.35M - $1.64M
$4,138/mo
Zestimate® history
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List your homeWhat's special
Private backyardPrivate patio spaceBig box storesAdditional parking spacesShopping centersGarage parkingClose to schools
Zillow last checked:
Listing updated:
Listed by:
Chantay Andrews DRE #01363160 805-712-5230,
Central Coast Sotheby's International Realty
Bought with:
Kristi Donati, DRE #01727301
The Avenue Central Coast Realty, Inc.
Source: CRMLS,MLS#: NS24009577
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 5
Heating
- Electric
Appliances
- Included: Electric Cooktop, Electric Oven, Refrigerator, Water Heater
- Laundry: In Garage
Features
- Laminate Counters
- Flooring: Carpet, Vinyl
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,442
- Total interior livable area: 3,442 sqft
Property
Parking
- Total spaces: 3
- Parking features: Driveway, Garage Faces Front, Garage, One Space
- Garage spaces: 3
Accessibility
- Accessibility features: Parking
Features
- Levels: Two
- Stories: 2
- Entry location: Front
- Pool features: None
- Spa features: None
- Fencing: Wood
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 8,886 Square Feet
- Features: 2-5 Units/Acre
Details
- Parcel number: 053102006
- Zoning: R2
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
- Attached to another structure: Yes
Materials
- Stucco
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1970
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Features: Gutter(s), Sidewalks
- Subdivision: San Luis Obispo(380)
Location
- Region: San Luis Obispo
Financial & listing details
- Price per square foot: $395/sqft
- Tax assessed value: $1,387,200
- Annual tax amount: $15,748
- Date on market: 2/2/2024
- Cumulative days on market: 7 days
- Listing terms: Cash,Cash to New Loan,Conventional,Owner Will Carry,Owner May Carry
- Exclusions: One Dryer
- Tenant pays: Electricity
Price history
| Date | Event | Price |
|---|---|---|
| 2/23/2024 | Sold | $1,360,000-2.8%$395/sqft |
Source:  CRMLS #NS24009577 Report a problem | ||
| 2/13/2024 | Pending sale | $1,399,000$406/sqft |
Source: CRMLS #NS24009577 Report a problem | ||
| 2/2/2024 | Listed for sale | $1,399,000+301.4%$406/sqft |
Source: CRMLS #NS24009577 Report a problem | ||
| 7/31/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/22/2023 | Listed for rent | $2,800$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/9/2008 | Sold | $348,500$101/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $15,748 +672.2% | $1,387,200 +912.9% |
| 2024 | $2,039 +1.4% | $136,959 +2% |
| 2023 | $2,012 +5.9% | $134,274 +2% |
| 2022 | $1,900 +3.2% | $131,642 +2% |
| 2021 | $1,841 +1.1% | $129,061 +1% |
| 2020 | $1,820 +1.7% | $127,739 +2% |
| 2019 | $1,789 +1.5% | $125,235 +2% |
| 2018 | $1,763 +2.2% | $122,781 +2% |
| 2017 | $1,725 +10.1% | $120,375 +2% |
| 2016 | $1,567 | $118,016 +1.5% |
| 2015 | $1,567 +21% | $116,244 +2% |
| 2014 | $1,295 | $113,968 +2.5% |
| 2012 | -- | $111,230 +2% |
| 2011 | -- | $109,050 +0.8% |
| 2010 | -- | $108,236 -0.2% |
| 2009 | -- | $108,495 +2% |
| 2008 | -- | $106,369 +2% |
| 2007 | -- | $104,285 +2% |
| 2006 | -- | $102,241 +2% |
| 2005 | -- | $100,238 +2% |
| 2004 | -- | $98,274 +1.9% |
| 2003 | -- | $96,473 +2% |
| 2002 | -- | $94,582 +2% |
| 2001 | -- | $92,728 |
Find assessor info on the county website
Neighborhood: 93405
Nearby homes
- $1,081,8006 bd-- ba2.4k sqft1551 Royal Way, San Luis Obispo, CA 93405Off Market
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- $4,5004 bd3 ba1.7k sqft1559 Royal Way, San Luis Obispo, CA 93405For Rent
- $2,337,5002 bd2 ba1.1k sqft1527 Royal Way, San Luis Obispo, CA 93405Sold
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- $3,3002 bd2 ba750 sqft1561 Royal Way, San Luis Obispo, CA 93405For Rent
Nearby schools
GreatSchools rating
- 7/10Smith (C. L.) Elementary SchoolGrades: K-6Distance: 0.4 mi
- 9/10Laguna Middle SchoolGrades: 7-8Distance: 0.5 mi
- 10/10San Luis Obispo High SchoolGrades: 9-12Distance: 3.1 mi
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- California
- San Luis Obispo County
- San Luis Obispo
- 93405
- 1543 Royal Way
Nearby cities
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Other San Luis Obispo Topics
