3380 Bullock Lane, San Luis Obispo, CA 93401

San Luis Obispo
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
3380 Bullock Lane,San Luis Obispo, CA 93401
$3,075,000
  • - Beds
  • - Baths
  • 6,971 sq. ft.
  • Multi-family
  • Pending
Listed by: michael lopus
Office: colliers international310-621-8838
MLS#:V1-33328
Source:CRMLS

Price summary

  • Price:$3,075,000
  • Price per sq. ft.:$441.11

About this home

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...

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Home facts

  • Year built:1977
  • Subdivision & Development:Not Applicable
  • Listing ID #:V1-33328
  • Added:275 day(s) ago
  • Updated:August 14, 2026 at 08:45 AM

Rooms and interior

  • Kitchen Description:Dishwasher, Free Standing Range, Refrigerator
  • Living area:6,971 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1977
  • Building area:6,971 sq. ft.
  • Lot area:0.5 Acres
  • Levels:2 Story

Utilities

  • Water:Water Connected
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$3,075,000
  • Price per sq. ft.:$441.11

Features and amenities

  • Appliances:Dishwasher, Free Standing Range
  • Amenities:All Bedrooms Up

Parking

  • Total parking spaces:16
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