3380 Bullock Ln , San Luis Obispo, CA 93401
$3,075,000
Est. Payment: $16,876.75/mo
16 Bed
8 Bath
6971 Sqft
0.5 Acres
Status: Active | Days on site: 262
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VV12542 - VC159524029
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House 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.

Highlights

Listed by Michael Lopus , (805) 680-8806 Colliers International , (310) 621-8838. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.5

Year Built

1977

County

San Luis Obispo

Area

SLO - San Luis Obispo

Neighborhood

Not Applicable

Listing ID

V1-33328

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:16
  • ▪ Bathrooms:8
Appliances:Dishwasher, Free-Standing Range, Refrigerator
Floor:See Remarks
Other:
  • ▪ Additional:All Bedrooms Up

Exterior Features

Lot:Sprinklers None,No Land Lease
Garage Capacity:16
Others:
  • ▪ Additional:Turnkey
Principal Interest
$16,877
Taxes
$1,960

Home Price

$3,075,000

Loan Details

30 yrs
7.307%

Down Payment

20%
$615,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$16,876.75

Principal

Taxes

Principal Taxes HOA Total
Monthly $16,876.75 $1,960.31 $0.00 $18,837.06
Yearly $202,520.99 $23,523.75 $0.00 $226,044.74
Total $6,075,629.59 $705,712.50 $0.00 $6,781,342.09

Today's Rates

30 Year

7.31%

20 Year

7.2%

15 Year

6.65%

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Average Days on Market

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Market insight data is pulled from the same city as the listing being viewed (San Luis Obispo, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-03T19:10:48.000Z

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