311 Longview Lane

San Luis Obispo, CA 93405

$5,000,000
Price
6
Beds
8
Baths
5,272 Sq. Ft.
$948 / Sq. Ft.
5,272
Sq. Ft.
$948
per Sq. Ft.

Description

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...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.
  1. Listed by Matt Gullage • DRE #01704480 • Brokerage DRE #02010140 • Irish Hills Realty Inc • gmattgullage@gmail.com

Property Details for 311 Longview Lane

Architectural Style
Traditional
View
Mountain(s)
Parking Spaces Total
9
Private Pool
No
Cooling Type
N/K
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
LISTING UPDATED: 03/21/2025 06:55 AM

Property Details for 311 Longview Lane

StatusActive
MLS #SC25051579
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1972
Lot Size0.24 AC / 10,500 SF
CountySan Luis Obispo County

Building Information for 311 Longview Lane

Stories2Residences-Year Built1972Building Size-Lot Size0.24 AC / 10,500 SF

Property Information for 311 Longview Lane

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $184,019
  • Net Operating Income: $158,094
  • Number Of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
  • Current Financing: None
Expense Details
  • Operating Expense: $28,318
  • Gardener Expense: $3,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $6,000
  • Maintenance Expense: $10,255
  • Professional Management Expense: $9,600
  • Trash Expense: $1,856
  • Water Sewer Expense: $4,370
  • Total Expenses: $10,255
Tax / Assessment Info
  • Tax Block: 6
  • Tax Census Tract: 109.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 4
Community / Development
Community / Development
  • Accessibility Features: Doors - Swing In
  • Disability Access: Doors - Swing In
  • Assessments YN: No
  • Assessments: None
  • Community Features: Biking, Curbs, Foothills, Hiking, Gutters, Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Electric Oven, Electric Range, Disposal, Vented Exhaust Fan, Water Heater
  • Equipment: Dishwasher, Inside, Vented Exhaust Fan
  • Interior Features: Balcony, Granite Counters, Living Room Balcony
  • Room Type: Family Room, Galley Kitchen, Primary Suite, Utility Room, Walk-In Closet
  • Bedroom Features: WalkInCloset
  • Kitchen Features: Granite Counters, Galley Kitchen
  • Laundry: Yes
  • Laundry Features: Inside
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Forced Air, Natural Gas
  • Heat Source: Natural Gas
  • Heating: Forced Air, Natural Gas
  • Heat Equipment: Forced Air Unit
  • Flooring: Carpet, Laminate
Exterior Features
  • Door Features: Panel Doors, Sliding Doors
  • Window Features: Blinds, Double Pane Windows, Insulated Windows, Screens
  • Security Features: Automatic Gate, Carbon Monoxide Detector(s), Smoke Detector(s)
  • Security: Automatic Gate
  • Construction Materials: Asphalt, Block, Concrete, Drywall Walls, Stucco
  • Exterior Construction: Asphalt, Block, Concrete, Stucco
  • Exterior: Block, Stucco
  • Exterior Features: Rain Gutters
  • Roof: Asphalt
  • Entry Location: stair landing
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Foundation Details: Combination, Slab
  • Property Condition: Turnkey
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Cul-De-Sac, Rectangular Lot
  • Direction Faces: North
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned, Auto Driveway Gate, Parking Space
  • Uncovered Spaces: 9
  • Open Other Spaces Total: 9
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned, Auto Driveway Gate, Asphalt, Paved, Driveway Level, On Site, Parking Space
Property / Structure Info
  • Builders Tract Name: San Luis Obispo
  • Builders Tract Code: San Luis Obispo(380)
Unit Information
Unit 1
  • Unit Type Units Total: 3
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $12,000
  • Unit Type Total Rent: $12,000
  • Unit Type Pro Forma: 15000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $4,100
  • Unit Type Total Rent: $4,100
  • Unit Type Pro Forma: 5100
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Carpet: 4
  • Number With Disposal: 4
  • Number With Drapes: 0
  • Number With Patio: 4
  • Number Wall AC: 0

Property History for 311 Longview Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 311 Longview Lane

Taxable ValueLand$31,562Additions$200,886Total$232,448
Tax Record2024$3,095 ($258 / month)
Home Facts
Total Finished SqFt5,272 SqFtAbove Grade Finished SqFt5,272 SqFtLot Size10,500 SqFtStyleQuadraplexYear Built1972ZoningR2CountySAN LUIS OBISPOAPN052-204-011

Schools near 311 Longview Lane

This home is within San Luis Coastal Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 4 to 6
Rating
School
Distance
Bishop's Peak Elementary School
PublicK to 6

Laguna Middle School
Public7 to 8

San Luis Obispo High School
Public9 to 12

Teach Elementary School
Public4 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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311 Longview Lane is a multi-family home for sale in San Luis Obispo, CA 93405. This property was listed for sale on March 10, 2025 by Irish Hills Realty Inc, it's currently listed at $5,000,000. This listing's school district is San Luis Coastal Unified School District. Nearby schools include Bishop's Peak Elementary School, Laguna Middle School and San Luis Obispo High School. 311 Longview Lane is a 6-bed, 8-bath, 5,272 sqft multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Irish Hills Realty Inc, Matt Gullage, DRE #01704480

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.