3380 Bullock LN Active Save Request In-Person Tour Request Virtual Tour
San Luis Obispo,CA 93401
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRV1-33328
Year Built 1977
Lot Size 0.498 Acres
Source California Regional MLS
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
Rooms
Kitchen Dishwasher,Oven Range,Refrigerator
Interior
Heating Wall Furnace
Cooling None
Flooring Other
Exterior
Garage Spaces 16.0
Pool 31,None
Others
Tax ID 053071010
Special Listing Condition Not Applicable