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3380 Bullock Lane, San Luis Obispo, CA 93401

$3,075,000 Approx. USD 0 beds, 0 baths

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Marketed By

Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Michael Lopus | mike.lopus@colliers.com
Lic#: 01970736
Broker: Courtesy of Colliers International
Phone: (805) 680-8806

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Pending

MLS# V1-33328

List price is $3,075,000 Reduced by $120,000 on 6/25/2026

Price: $3,075,000

HOA Fee is $0.00

Beds: 0

Baths: 0

None fireplaces

Built in 1977

2 stories

0.50 acres

Lot size: 0.4979

Subdivision: Not Applicable

County: San Luis Obispo

Interior features: All Bedrooms Up

Appliances: Dishwasher,Free-Standing Range,Refrigerator

Lot description: Sprinklers None

Heating/cooling: None

Heating description: Wall Furnace

MLS area: SLO - San Luis Obispo

Last Updated: 8/6/2026

Days On Market (DOM): 261

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This listing belongs to the SLO - San Luis Obispo MLS area

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Lat/Long: 35.259757, -120.642605.
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