San Luis Obispo, CA 93401,3380 Bullock LN
San Luis Obispo, CA 93401,3380 Bullock LN
San Luis Obispo, CA 93401,3380 Bullock LN
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$3,195,000
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0.5 Acres Lot
Active

3380 Bullock LN San Luis Obispo, CA 93401

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Frank Sottile

Frank Sottile

+1(760) 952-0019

UPDATED:

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 – RECore
Listed by Michael Lopus Colliers International (805) 680-8806

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 14
  • 9

    Bishop's Peak Elementary School

    Public | KG - 6

  • 9

    Teach Elementary School

    Public | 4 - 6

  • 9

    Los Ranchos Elementary School

    Public | KG - 6

  • 8

    Sinsheimer Elementary School

    Public | KG - 6

  • 7

    Hawthorne Elementary School

    Public | KG - 6

  • 5

    Pacheco Elementary School

    Public | KG - 6

  • 0

    The Montessori Childrens School

    Private | PK - 6

  • 0

    Central Coast International School

    Private | 3 - 6

  • 0

    Old Mission School

    Private | PK - 8

  • 0

    San Luis Obispo Classical Academy

    Private | PK - 12

  • 0

    Peep - De'Groot - Prepare

    Public | KG - 12

  • 0

    San Luis Obispo Christian School

    Private | KG - 6

  • 0

    San Luis Obispo Christian School

    Private | KG - 6

  • 0

    San Luis Obispo Christian Academy

    Private | KG - 6

High Schools 3
  • 8

    San Luis Obispo High School

    Public | 9 - 12

  • 0

    Pacific Beach High School

    Public | 10 - 12

  • 0

    Mission College Preparatory Catholic High School

    Private | 9 - 12

School and business data provided by Attom Data.

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Frank Sottile

Frank Sottile

Broker Associate | License ID: 00900300

+1(760) 952-0019

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