3380 Bullock Lane, San Luis Obispo, CA — listing photo 1
1 / 14
FOR SALE

3380 Bullock Lane

San Luis Obispo, CA 93401
21,687 Lot Sq Ft
Built 1977
$3,075,000
Price ReducedWas $3,195,000 — $3,075,000 (-$120,000)

Property Overview

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.

Loading price history

Home Details

Property type
Residential Income
Year built
1977
Lot size
21,687 sq ft
Parking
16 spaces
Stories
2
Days on market
262
MLS status
Active

Features & Amenities

Interior

  • All Bedrooms Up

Appliances

  • Dishwasher
  • Free Standing Range
  • Refrigerator

Pool

  • None

Lot

  • Sprinklers None

Community, Schools & Utilities

Community

Subdivision
Not Applicable
View
Yes

Utilities

Heating
WallFurnace
Cooling
None
Browse more homes for sale in San Luis Obispo

Location & Neighborhood

3380 Bullock Lane

San Luis Obispo, CA 93401

Open in Google MapsOpen in Apple Maps

Frequently Asked Questions About 3380 Bullock Lane

Property type: Residential Income

The current asking price is $3,075,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 3380 Bullock Lane. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1977. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in San Luis Obispo, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this San Luis Obispo property.
The MLS currently reports the property as Active. It has been listed for 262 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

Get More Info

Crown Coastal Support Team

Direct support from our real estate team

No obligation. Your inquiry goes directly to the Crown Coastal team.

RB

Reza Barghlameno

eXp of California

Call: +1 (858) 305-4362
Email: contact@crowncoastalhomes.com

Listing Agent

Name: Michael Lopus
MLS ID: VC159524029

Available property

$3,075,000

CRMLS Logo

Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.