3380 Bullock Ln - Apartments FOR SALE


San Luis Obispo, CA 93401
$3,195,000 USD
805-680-8806
3380 Bullock Ln, San Luis Obispo, CA for Sale
$3,195,000 USD
Apartments - FOR SALE
1/15
null | 4.8% Cap Rate

3380 Bullock Ln
San Luis Obispo, CA 93401


HIGHLIGHTS

  • Turn-key 8-unit multifamily in prime San Luis Obispo
  • Upgraded interiors with LVP flooring and stainless steel
  • Strong in-place rents with upside in a tight rental market
  • Strong in-place rents with upside in a tight rental market
  • Minutes to Cal Poly, Downtown SLO, and Highway 101
  • Ideal for 1031 exchange or portfolio expansion

OVERVIEW

3380 Bullock Lane presents a rare opportunity to acquire a turn-key, pride-ofownership multifamily asset in one of San Luis Obispo’s most sought-after rental markets. The 8-unit property has been meticulously maintained and thoughtfully upgraded, 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.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$458 USD /SF

# OF UNITS

8

PRICE/UNIT

$399,375

CAP RATE

4.8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1977

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

R3

APN/PARCEL ID

053-071-010

ASK ABOUT THIS PROPERTY

Mike LopusColliersMore Info
805-680-8806

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Mike LopusColliersMore Info
805-680-8806

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.