SOLDFEB 23, 2024
Listed by Chantay Andrews, Richardson Sotheby's International Realty, (805) 781-6040 . Bought with The Avenue Central Coast Realty, Inc.
1543 Royal Way
San Luis Obispo, CA 93405
7 Beds
5 Baths
3,442 sqft
- 7 Beds
- 5 Baths
- 3,442 sqft
$1,360,000
Last Sold: Feb 23, 2024
3% below list $1.4M
$395/sqft
Est. Refi. Payment $8,585/mo*
$1,360,000
Last Sold: Feb 23, 2024
3% below list $1.4M
$395/sqft
Est. Refi. Payment $8,585/mo*
7 Beds
5 Baths
3,442 sqft
Homes for Sale Near 1543 Royal Way
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Local Information
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Description
This property is no longer available to rent or to buy. This description is from February 23, 2024
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.
Home Highlights
Parking
Garage
Outdoor
Patio
A/C
Heating only
HOA
None
Price/Sqft
$395/sqft
Listed
39 days ago
Home Details for 1543 Royal Way
Interior Features |
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Beds & Baths Number of Bedrooms: 7Number of Bathrooms: 5 |
Appliances & Utilities Utilities: Cable AvailableAppliances: Electric Oven, Electric Cooktop, Refrigerator, Water Heater, Dishwasher, RangeDishwasherLaundry: In GarageRefrigerator |
Heating & Cooling Heating: ElectricHas HeatingHeating Fuel: Electric |
Fireplace & Spa Fireplace: Living RoomSpa: NoneHas a FireplaceNo Spa |
Gas & Electric No Electric on Property |
Windows, Doors, Floors & Walls Flooring: Carpet, VinylCommon Walls: 2+ Common Walls |
Levels, Entrance, & Accessibility Stories: 1Number of Stories: 1Levels: TwoEntry Location: FrontAccessibility: ParkingFloors: Carpet, Vinyl |
View Has a ViewView: Neighborhood |
Exterior Features |
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Exterior Home Features Roof: CompositionPatio / Porch: PatioFencing: Wood, FencedFoundation: SlabNo Private Pool |
Parking & Garage Number of Garage Spaces: 3Number of Covered Spaces: 3No CarportHas a GarageHas Open ParkingParking Spaces: 3Parking: Driveway,Garage,Garage Faces Front,Parking Space |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
Property Information |
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Year Built Year Built: 1970 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Triplex |
Building Construction Materials: StuccoNot a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Not Included in Sale: One DryerParcel Number: 053102006 |
Price & Status |
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Price List Price: $1,399,000Price Per Sqft: $395/sqft |
Status Change & Dates Off Market Date: Mon Feb 12 2024 |
Active Status |
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MLS Status: Closed |
Media |
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Location |
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Direction & Address City: San Luis ObispoCommunity: San Luis Obispo(380) |
Building |
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Building Area Building Area: 3442 Square Feet |
Community |
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Community Features: Gutters, SidewalksNot Senior Community |
HOA |
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Association for this Listing: California Regional MLS |
Lot Information |
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Lot Area: 8886 sqft |
Listing Info |
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Special Conditions: Standard |
Offer |
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Listing Terms: Down Payment Resource |
Compensation |
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Buyer Agency Commission: 2Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Expense Tenant Pays: Electricity |
Rental |
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No Rent Control |
Miscellaneous |
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Mls Number: NS24009577Attribution Contact: 805-712-5230 |
Additional Information |
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GuttersSidewalks |
Last check for updates: about 4 hours ago
Listed by Chantay Andrews DRE #01363160, (805) 712-5230
Richardson Sotheby's International Realty
Bought with: Kristi Donati DRE #01727301, The Avenue Central Coast Realty, Inc.
Originating MLS: California Regional MLS
Source: CRMLS, MLS#NS24009577
Price History for 1543 Royal Way
| Date | Price | Event | Source |
|---|---|---|---|
| 02/23/2024 | $1,360,000 | Sold | CRMLS #NS24009577 |
| 02/13/2024 | $1,399,000 | Pending | CRMLS #NS24009577 |
| 02/02/2024 | $1,399,000 | Listed For Sale | CRMLS #NS24009577 |
| 12/09/2008 | $348,500 | Sold | N/A |
Property Taxes and Assessment
| Year | 2023 |
|---|---|
| Tax | $2,012 |
| Assessment | $134,274 |
Home facts updated by county records
Comparable Sales for 1543 Royal Way
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.66 | Multi-Family Home | $1,560,651 | 11/29/23 | 8 | 8 | 4,400 | |
2.20 | Multi-Family Home | $1,400,000 | 07/07/23 | 4 | 3 | 2,000 | |
2.55 | Multi-Family Home | $964,900 | 11/06/23 | 8 | 4 | 1,573 | |
2.77 | Multi-Family Home | $1,800,000 | 09/29/23 | 6 | 5 | 2,570 | |
2.89 | Multi-Family Home | $1,632,500 | 06/27/23 | 4 | 4 | 2,642 | |
3.27 | Multi-Family Home | $1,695,000 | 01/05/24 | 8 | 8 | 5,690 | |
2.48 | Multi-Family Home | $4,000,000 | 01/23/24 | 13 | - | 4,818 | |
3.11 | Multi-Family Home | $1,200,000 | 01/17/24 | 3 | 2 | 1,805 | |
3.13 | Multi-Family Home | $820,000 | 05/16/23 | 9 | 900 |
Assigned Schools
These are the assigned schools for 1543 Royal Way.
- Laguna Middle School
- 7-8
- Public
- 781 Students
7/10GreatSchools RatingParent Rating AverageTeachers can’t get there kids under control kids get bad grades when there assignments are turned in and average grade.Other Review1mo ago - Pacheco Elementary School
- K-6
- Public
- 512 Students
5/10GreatSchools RatingParent Rating AverageThe teachers and principal of this school (2006-2014) are extremely dedicated to making sure your child has a positive experience at learning. They expect your child to perform but at the same time offer a tremendous amount of support and encouragement. Both of my children are attending this school and both are learning Spanish. The parents are very involved and the care and attention this school gets is reflected in the culture and atmosphere to be found at Pacheco. Such a difference from when I was in elementary school!Parent Review10y ago - San Luis Obispo High School
- 9-12
- Public
- 1568 Students
9/10GreatSchools RatingParent Rating AverageGreat campus and environment when I was able to visitOther Review10mo ago - Smith (C. L.) Elementary School
- K-6
- Public
- 371 Students
6/10GreatSchools RatingParent Rating AverageI ate a bee Nest here. It was yummy..Great school 10/10Other Review1y ago - Teach Elementary School
- 4-6
- Public
- 182 Students
9/10GreatSchools RatingParent Rating AverageAs a parent I am not very impressed with this school. Sure, the test scores are high. But there is a lack of diversity at this school. The school requires parents to pay $600 upfront to cover the cost of the annual field trips. There is not a lot of allowance for lower income students to attend this school. The teachers and most of all, the principal, struggle to help students who need extra help and provide required accommodations. This school has a lot of shiny awards but neighborhood schools are a much better choice in my opinion if you are looking for community support for your student.Parent Review3y ago 
Check out schools near 1543 Royal Way.
Check with the applicable school district prior to making a decision based on these schools. Learn more.
What Locals Say about San Luis Obispo
- Scott Haselden
- Resident
- 3mo ago
"Beautiful and natural, great bike lanes, amazing farmers market, great and friendly people and safe. "
- Nicstover
- Resident
- 4mo ago
"Young families and permanent residents mixed with people that say hello and keep their homes in good shape."
- Dchristy100
- Resident
- 3y ago
"Easy drive with little congestion. Parking downtown requires imagination and persistence. Public transit is slow and very rare on weekends or evenings. Not much demand. "
- Matt R.
- Resident
- 3y ago
"The weekly Thursday night farmers market always makes SLO feel inviting. The people are kind and the region is stunning. "
- Thomson.wes
- Resident
- 3y ago
"Dog friendly - lots of dogs, friendly dogs, and local services for dogs (vets, grooming, boarding, supplies, open space, etc."
- Llsw8163
- Resident
- 3y ago
"A walk up the hill, to downtown, or nearby parks, bike trails and average weather. Love low crime and being in an area I feel safe in."
- Katie O.
- Resident
- 3y ago
"Great town and neighborhood feel. Great places to go for walk and hikes. There is also a college nearby, so some neighborhoods have lots of student housing."
- Angelitosaligan
- Resident
- 3y ago
"I’ve lived here all of my life and could never leave this coastal area is so beautiful! There are nothing but cute pocket neighborhoods all throughout slo!"
- Kelsey N.
- Resident
- 3y ago
"I live near a busy street around restaurants and other college students. Some older people as well, but not many kids. Bike Blvd does have lots of families riding bikes."
- Kelsey N.
- Resident
- 4y ago
"The town is very spread out, and when you need to go across town (work and school) it feels inconvenient and because the transit in slo is centered in the center of the city, it makes it even more difficult to choose public transit. "
- Jaimal H.
- Resident
- 4y ago
"I have a very short and convenient commute, with close access to great bike trails, to get to work or downtown. "
- Aprikbell
- Resident
- 4y ago
"I have lived here for over 5 years. It is surrounded by hills, plenty of hiking trails, close to the beach, great downtown area with excellent food and drink and people are very happy and friendly. There’s so much nature to explore and people are generally pretty respectful of each other. "
- Jacob S.
- Resident
- 4y ago
"Farmers market every Thursday night downtown. There are also Blues Baseball games throughout the summer to be enjoyed. Tickets priced fairly "
- Plkl
- Resident
- 4y ago
"I've lived in this neighborhood for 16 years my husband grew up 4 houses down the street. I raised my family here as well. Wonderful area. "
- Virginia H.
- Resident
- 4y ago
"My husband and I just much to San Luis Obispo from Orlando, Fl. San Luis Obispo is just a beautiful area. Mostly, renovated Victorian homes and friendly people. Very peaceful. "
- Tomrattigan
- Resident
- 4y ago
"This neighborhood has a great walking score and charm. Really enjoy how convenient this neighborhood is. "
- Katya1701
- Resident
- 4y ago
"I work within walking distance of my home so my commute is easy. San Luis has pockets of homes and businesses. There is a down town area. I live away from that. Traffic is increasing and can be an issue at the end of the day. There is a bus stop however buses are infrequent. "
- Ninjadan0331
- Visitor
- 4y ago
"They would love the peacefulness and weather. The only potential negative is the traffic which is minimal and generally slow."
- Katya1701
- Resident
- 4y ago
"People walk their dogs all the time and chat with each other. Most neighbors are friendly and kind to each other. All ages Great kids who can play in the streets safely. "
- Lexibunny6666
- Resident
- 4y ago
"The pros are that there is a park and a trial other than that a lot of land lords don’t allow dogs around here."
- Taylor B.
- Resident
- 4y ago
"We have two farmers markets close by! plus a gorgeous little lake with a dog park and beautiful trees. Shabang SLO happens at Laguna Lake as well!"
- CAB
- Visitor
- 4y ago
"College town. Cal Poly. Fun downtown. Farmers market on Thursday evenings. Would like to retire here."
- Anidazelsdorf
- Resident
- 5y ago
"We have only lived here 2 months, we lost our home in Paradise in the Campfire. We really like SLO. Our neighborhood has a beautiful public park, it’s across the street from our house. "
- Janae F.
- Resident
- 5y ago
"short and sweet . only moderate traffic in afternoons. my drive to work is five minutes and I can easily walk to stores and restraunt downtown. "
- Daniel C.
- Resident
- 5y ago
"There are no community events that make my neighborhood special, although I really wish there were.."
- Daniel C.
- Resident
- 5y ago
"Unfortunately, nothing really makes our neighborhood special, unless you count having a deli/market on the street special."
- Jerecca
- Visitor
- 5y ago
"I do not live here, but have visited frequently for the last six months. I am not here weekends. I have not heard of any community events"
- G
- Prev. Resident
- 5y ago
"Lots of bums and the area is being infiltrated with people from Fresno and Bakersfield for vacations, and they're not the upper class type. The area, like much of California, is changing. "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST 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. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-01-24 10:53:37 PST 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. Properties may or may not be listed by the office/agent presenting the information
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Homes for Rent Near 1543 Royal Way
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Off Market Homes Near 1543 Royal Way
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SOLDAPR 23, 2024Richardson Sotheby's International Realty- SOLDAPR 23, 2024Christie's International Real Estate Sereno
- SOLDAPR 22, 2024Richardson Sotheby's International Realty
- SOLDAPR 22, 2024Richardson Sotheby's International Realty
- SOLDAPR 18, 2024The Avenue Central Coast Realty, Inc.
- SOLDAPR 15, 2024Keller Williams Realty Central Coast
See more homes for sale inSan Luis ObispoTake a look
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1543 Royal Way, San Luis Obispo, CA 93405 is a 7 bedroom, 5 bathroom, 3,442 sqft multi-family built in 1970. This property is not currently available for sale. 1543 Royal Way was last sold on Feb 23, 2024 for $1,360,000 (3% lower than the asking price of $1,399,000). The current Trulia Estimate for 1543 Royal Way is $1,380,900.