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
See this Listing
Schools
Interior
Appliances
DW, RF, FSR
Cooling
NO
Flooring
SEE
Heating
WL
Laundry Features
SEE
Exterior
Community Features
PARK
Parking Spots
16
Financial
Map
Community
- Address3380 Bullock LN San Luis Obispo CA
- SubdivisionNot Applicable
- CitySan Luis Obispo
- CountySan Luis Obispo
- Zip Code93401
Subdivisions in San Luis Obispo
Market Summary
Current real estate data for Single Family in San Luis Obispo as of Feb 17, 2026
193
Single Family Listed
134
Avg DOM
605
Avg $ / SqFt
$747,956
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 $605. The average listing price for Single Family in San Luis Obispo is $747,956.
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3380 Bullock LN
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