3380 Bullock LN, San Luis Obispo, CA 93401
3380 Bullock LN, San Luis Obispo, CA 93401
3380 Bullock LN, San Luis Obispo, CA 93401
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$3,075,000
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0.5 Acres Lot
Price Dropped by $120K

3380 Bullock LN San Luis Obispo, CA 93401

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The Brandon Drew Group

The Brandon Drew Group

+1(909) 944-8800

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-33328

Construction Status Turnkey

HOA Y/N No

Year Built 1977

Lot Size 0.498 Acres

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

Area Slo - San Luis Obispo

Interior

Interior Features All Bedrooms Up

Heating Wall Furnace

Cooling None

Flooring See Remarks

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Free-Standing Range, Refrigerator

Laundry See Remarks

Exterior

Fence None

Pool None

Community Features Park

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

View Y/N Yes

Total Parking Spaces 16

Private Pool No

Building

Lot Description Sprinklers None

Story 2

Entry Level Two

Level or Stories Two

Construction Status Turnkey

Others

Senior Community No

Tax ID 053071010

Energy Description 1393.0

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Michael Lopus Colliers International (805) 680-8806, DRE #01970736

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3380 Bullock LN