3380 Bullock LN, San Luis Obispo, CA 93401
3380 Bullock LN, San Luis Obispo, CA 93401
3380 Bullock LN, San Luis Obispo, CA 93401
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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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 3,075,000
Est. payment | /mo

0.5 Acres Lot

Save
$ 3,075,000
Est. payment | /mo
Save

0.5 Acres Lot

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

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

Expert Guidance

We educate you on the market and guide you to the best best decision about your move.

Proven Systems

Over 23 years of real estate experience  has helped us perfect our results-driven buying and selling systems.

Results Driven

We listen, we communicate, and we track every step of the process to ensure a seamleass transaction.

Ruby Raymond
Ruby Raymond

Broker Associate | License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.