3380 Bullock Lane, San Luis Obispo, CA 93401

• 8 beds |
• 4 baths

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.

Listing Status:

Active

Data Last Updated:

April 30, 2026 at 9:11PM

Listing Office:

Colliers International : (213) 532-3298

Listing Agent:

Michael Lopus : 805-680-8806

MLS ID:

V1-33328

Interior

• A/C: N/K

Exterior

• General: N/K
• Pool: N/K

Construction

• General: 2 Story

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLSF
• County: San Luis Obispo

Lot

• Zoning: Public Rec053071010
• Fencing: N/K

Financial

• Source: CRMLSF