3380 Bullock Lane
San Luis Obispo, CA 93401
16
Bed
8
Bath
21,687Sqft(Lot)
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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
AllBedroomsUpAppliances: Dishwasher, FreeStandingRange, RefrigeratorLaundry Features: SeeRemarks -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace Cooling: None
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Building Information
Year Built: 1977Building Area Total: 6971Stories: 2Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 21687 Lot Size Acres: 0.4979 Lot Size Source: PublicRecords Lot Size Square Feet: 21,687 Lot Description: SprinklersNoneProperty Information
Subdivision: Not Applicable Source Property Type: ResidentialIncome Levels: Two Property Age: 49
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Listing Price Information
Listing Price: $3075000Original Price: $3195000Cash, Conventional, Exchange1031
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Tax Information
Parcel Number: 053071010
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Parking Information
Parking Total: 16
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Utility Information
CableAvailable, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected -
Location Information
Direction: Take CA-227 (Broad Street) headed southeast towards Orcutt Road, then turn onto Bullock Ln.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 5475 Mira Estrella Court, San Luis Obispo, CA, 93401 | $3,825,000 | 4 | 4 | 4,404 | 4,404 SqFt |
| 6520 Mira Cielo, San Luis Obispo, CA, 93401 | $11,995,000 | 6 | 2 | 11,096 | 11,096 SqFt |
| 3315 Barranca, San Luis Obispo, CA, 93401 | $1,925,000 | 4 | 4 | 3,114 | 3,114 SqFt |
| 4545 Wavertree, San Luis Obispo, CA, 93401 | $1,350,000 | 4 | 3 | 2,091 | 2,091 SqFt |
| 1854 Sydney Street, San Luis Obispo, CA, 93401 | $3,185,000 | 5 | 8 | 5,351 | 5,351 SqFt |
| 2645 El Cerrito, San Luis Obispo, CA, 93401 | $2,639,000 | 6 | 4 | 4,244 | 4,244 SqFt |
| 3826 Sebright #1, San Luis Obispo, CA, 93401 | $937,000 | 3 | 2 | 1,673 | 1,673 SqFt |
| 1879 San Luis Drive, San Luis Obispo, CA, 93401 | $1,795,000 | 4 | 2 | 2,200 | 2,200 SqFt |
| 5781 Glenview, San Luis Obispo, CA, 93401 | $2,165,000 | 5 | 6 | 4,204 | 4,204 SqFt |
| 1224 Manzanita, San Luis Obispo, CA, 93401 | $699,000 | 2 | 3 | 1,311 | 1,311 SqFt |
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ByOwner last updated this listing 08/20/2026 @ 01:45
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