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311 Longview Ln 4 Unit Apartment Building $3,950,000 ($987,500/Unit) San Luis Obispo, CA 93405

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EXECUTIVE SUMMARY

First time ever on the sales market ! This income property has been owned by the same family for decades. This large well maintained four plex is ideally located near Cal Poly (two blocks away). Each of the four two story units includes three bedrooms and two baths. Each unit is approximately 1318 square feet (larger than some homes). Upstairs features include a large family room-with large sliding glass doors that emit natural light-and open to an outdoor balcony. Also upstairs is a large kitchen with updated appliances and solid countertops ; an informal dining area; a large primary bedroom -with a large walk in closet and large ensuite bathroom. Downstairs features include two large bedrooms, a laundry room,a large bathroom. Also downstairs is access to outdoor private patio. Each bedroom includes large closets. Also downstairs is access to the exterior private back patio area. There are also large windows on the front of each unit that also allows additional natural light. There are three designated parking spots for each unit in the large common parking area. Each unit pays its own utilities-except for water and trash. Don't miss this opportunity to get this close to Cal Poly with a large and very well maintained income property.

PROPERTY FACTS Under Contract

Price $3,950,000
Price Per Unit $987,500
Sale Type Investment
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.17 AC
Building Size 15,886 SF
Average Occupancy 100%
No. Stories 2
Year Built 1972
Parking Ratio 2.47/1,000 SF
Opportunity Zone Yes
Zoning R3 - Multi-Family

AMENITIES

  • Smoke Detector

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Eat-in Kitchen
  • Kitchen
  • Refrigerator
  • Deck
  • Family Room
  • Patio
  • Vinyl Flooring

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Tenant Controlled HVAC
  • Public Transportation
  • Smoke Detector
Walk Score®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
052-204-011
Land Assessment
$32,193
Improvements Assessment
$204,903
Total Assessment
$237,096
  • Listing ID: 36398178

  • Date on Market: 6/25/2025

  • Last Updated:

  • Address: 311 Longview Ln, San Luis Obispo, CA 93405

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