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.
Source: School Digger
Source: Public Records
Source: Sperling's Best Places
51/100
Walk Score ®
22/100
Transit Score ®
74/100
Bike Score ®
3 nearby routes: 3 bus, 0 rail, 0 other
The average walkability score in the surrounding area is Walk Score: 20/100, Transit Score: 9/100, Bike Score: 42/100.
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Source: Realty.com
3380 Bullock Lane, San Luis Obispo, CA 93401 is a Multi Family, Residential Income property listed for $3,195,000 The property is - sq. ft with 8 bedrooms and 4 bathrooms
Realty.com has 14 photos of 3380 Bullock Lane.
The full address for this home is 3380 Bullock Lane, San Luis Obispo, CA 93401.
3380 Bullock Lane has been listed on Realty.com since Tue November 11, 2025
Some errands can be accomplished on foot. It is possible to get on a bus. Biking is convenient for most trips.
The average walkability score in the surrounding area is Walk Score: 20/100, Transit Score: 9/100, Bike Score: 42/100.
There are 3 schools assigned to this home. Check out the schools near 3380 Bullock Lane. Hawthorne Elementary School (Grades: PK - 6), Teach Elementary School (Grades: 4 - 6), San Luis Obispo High School (Grades: 9 - 12)
Listing provided courtesy of:
Colliers International
(tel: 213-532-3298)
Listing agent:
Michael Lopus
(tel: 805-680-8806)
(#CRF-VC159524029)
This content last refreshed on 2025-11-29 09:13:30. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 3380 Bullock Lane, San Luis Obispo, CA 93401 : MLS# V1-33328
