3380 Bullock LN
San Luis Obispo, CA, 93401
$3,195,000
Beds
0 Baths
0 SqFt
0.5 Acres
Add
MLS #V1-33328 image #0
3380 Bullock Lane presents a rare opportunity to acquire a turn-key, pride of ownership multifamily asset in one of San Luis Obispo’s most sought-after rental markets. The 8-unit property has been meticulously maintained and thoughtfullyupgraded, featuring modern interiors with luxury vinyl plank flooring, updated kitchens with stainless-steel appliances, and spacious open-concept living areas with private patios. The building demonstrates strong in-place rents and steady operational performance, offering both secure income and upside potential through continued rent growth in a supply-constrained submarket. Residents enjoy convenient access to Downtown SLO, Cal Poly University, and major employers, with abundant on-site parking and on-site laundry facilities. With a current CAP rate of 4.8% and a market CAP rate approaching 5.2%, this property provides an attractive blend of yield, stability, and long-term appreciation. 3380 Bullock Lane is the ideal acquisition for an investor seeking a well-positioned, low-maintenance asset in a thriving Central Coast market–perfect for 1031 exchange buyers or those looking to expand their portfolio with a high-quality multifamily property in San Luis Obispo. Laundry is on-site coin-operated laundry facilites.

Property Details

Price:
$3,195,000
MLS #:
V1-33328
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Neighborhood:
slosanluisobispo
Listed Date:
Nov 11, 2025
Total Sq Ft:
6,971
Lot Size:
21,687 sqft / 0.50 acres (approx)
Year Built:
1977
Slo – San Luis ObispoSlosanluisobispo

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Schools

Interior

Appliances
DW, RF, FSR
Cooling
NO
Flooring
SEE
Heating
WL
Laundry Features
SEE
Levels
U

Exterior

Common Walls
NCW
Community Features
PARK
Fencing
NO
Parking Spots
16
Parking Total
16
Spa Features
NO

Financial

Net Operating Income
$153,315

Map

Community

Market Summary

Current real estate data for Single Family in San Luis Obispo as of Mar 31, 2026
208
Single Family Listed
153
Avg DOM
612
Avg $ / SqFt
$809,240
Avg List Price

Property Summary

    Located in the Not Applicable subdivision, 3380 Bullock LN San Luis Obispo CA is a Single Family for sale in San Luis Obispo, CA, 93401. It is listed for $3,195,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1977. The average price per square foot for Single Family listings in San Luis Obispo is $612. The average listing price for Single Family in San Luis Obispo is $809,240.

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