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Key Details
Sold Price $1,360,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Subdivision San Luis Obispo(380)
MLS Listing ID NS24009577
Sold Date 02/23/24
HOA Y/N No
Year Built 1970
Lot Size 8,886 Sqft
Property Description
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.
Location
State CA
County San Luis Obispo
Area Slo - San Luis Obispo
Zoning R2
Interior
Interior Features Laminate Counters
Heating Electric
Flooring Carpet, Vinyl
Fireplaces Type Living Room
Fireplace Yes
Appliance Electric Cooktop, Electric Oven, Refrigerator, Water Heater
Laundry In Garage
Exterior
Garage Driveway, Garage Faces Front, Garage, One Space
Garage Spaces 3.0
Garage Description 3.0
Fence Wood
Pool None
Community Features Gutter(s), Sidewalks
Utilities Available Cable Available
View Y/N Yes
View Neighborhood
Roof Type Composition
Accessibility Parking
Parking Type Driveway, Garage Faces Front, Garage, One Space
Total Parking Spaces 3
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Entry Level Two
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 053102006
Acceptable Financing Cash, Cash to New Loan, Conventional, Owner Will Carry, Owner May Carry
Listing Terms Cash, Cash to New Loan, Conventional, Owner Will Carry, Owner May Carry
Financing Cash
Special Listing Condition Standard
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Bought with Kristi Donati • The Avenue Central Coast Realty, Inc.