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



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 | Lot Size | 0.17 AC |
| Price Per Unit | $987,500 | Building Size | 15,886 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1972 |
| Property Subtype | Apartment | Parking Ratio | 2.47/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | R3 - Multi-Family | ||
| 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
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 052-204-011 | Improvements Assessment | $204,903 |
| Land Assessment | $32,193 | Total Assessment | $237,096 |
PROPERTY TAXES
Parcel Number
052-204-011
Land Assessment
$32,193
Improvements Assessment
$204,903
Total Assessment
$237,096
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Presented by
Irish Hills Realty Inc.
311 Longview Ln
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