3380 Bullock Lane, San Luis Obispo, CA 93401
3380 Bullock Lane, San Luis Obispo, CA 93401
3380 Bullock Lane, San Luis Obispo, CA 93401
3380 Bullock Lane, San Luis Obispo, CA 93401
3380 Bullock Lane, San Luis Obispo, CA 93401
3380 Bullock Lane, San Luis Obispo, CA 93401
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Douglas Anderson

Douglas Anderson

+1(509) 216-3420
$ 3,075,000
Est. payment | /mo

8 Beds

4 Baths

0.5 Acres Lot

Save
$ 3,075,000
Est. payment | /mo
Save

8 Beds

4 Baths

0.5 Acres Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-33328

Bedrooms 8

Lot Size 0.498 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

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.

Location

State CA

County San Luis Obispo

Zoning Public Rec

Direction Take CA-227 (Broad Street) headed southeast towards Orcutt Road, then turn onto Bullock Ln.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 053071010

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

MLS Router / San Diego MLS
Listed by Michael Lopus, DRE#01970736 Colliers International 
Douglas Anderson

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(509) 216-3420

d.andersonrealtysd@gmail.com

4440 Twain Ave. #326, San Diego, California, 92120, USA

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3380 Bullock Lane