3380 Bullock Ln

San Luis Obispo, CA 93401

$3,195,000
Price
16
Beds
8
Baths
6,971 Sq. Ft.
$458 / Sq. Ft.
6,971
Sq. Ft.
$458
per Sq. Ft.
a front view of a house with a yard
a kitchen with refrigerator and white cabinets
a kitchen with a sink and cabinets
a kitchen with granite countertop a refrigerator stove and sink
a living room with furniture and a table
a bed room with a bed and a chair
a view of an empty room
an empty room with windows and wall painting
a bathroom with a sink a toilet and a mirror
an empty room with window
a view of an empty room
a room with storage and utility

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,...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.
  1. Listed by Michael Lopus • DRE #01970736 • Colliers International

Property Details for 3380 Bullock Lane

Property Attached YN
false
Parcel Number
053071010
Living Area
6971
Area
San Luis Obispo (SLO)
Subdivision Name
Not Applicable
Lot Size Area
21687
Source Lot Size Area
404
Home owner Dues
$0
LISTING UPDATED: 11/11/2025 02:36 PM

Property Details for 3380 Bullock Lane

StatusActive
MLS #V1-33328VC
Days on Market24
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1977
Lot Size0.50 AC / 21,687 SF
CountySan Luis Obispo County

Location

Listing Courtesy of Colliers International, Michael Lopus, DRE #01970736
Add your commute

Building Information for 3380 Bullock Lane

Stories2Residences-Year Built1977Building Size-Lot Size0.50 AC / 21,687 SF

Payment Calculator

$17,482 per month

30 year fixed, 6.28% Interest

Principal and Interest

$15,788

Property Taxes

$1,694

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3380 Bullock Lane

Community / Development
Community / Development
  • Community Features: Park
  • Community Features: Park
  • Senior Community: No
  • Builders Tract Name: Not Applicable
  • Builders Tract Code: Not Applicable
Structure Info
Structure Info
  • Building Type: Detached
  • Year Built Source: Public Records
  • Number Of Stories: 2
  • View: Yes
  • Guest House: None
  • Property Condition: Turnkey
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $153,315.00
  • Gross Scheduled Income: $232,200
  • Cap Rate: 4.80%
  • Monthly GrossI Income: $232,200.00
  • Total Annual Expense: 75710
  • Water Expense: $6,960.00
  • Gas Expense: $1,393
  • Electric Expense: $1,393.00
  • Trash Expense: $6,421.00
  • Insurance Expense: $2,769
  • Expense Operating: $75,710.00
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.0
  • Lot Size Square Feet: 21687
  • Lot Features: Sprinklers None
  • Telephone: 0.0
  • Cable: 0.0
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Gas: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Assessments: None
Parking Details
Parking Details
  • Total Parking: 16
  • Garage Spaces Total: 0
  • Carport Spaces Total: 0
  • Number Of Remote Controls: 0.0
Interior Features
Interior Features
  • Room Type: All Bedrooms Up, Primary Bathroom, Kitchen, Living Room
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall
  • Heating Type: Wall
  • Flooring: See Remarks
  • Equipment: Dishwasher, Other, Refrigerator
  • Bedroom Features: All Bedrooms Up
  • Common Walls: Detached/No Common Walls
  • Laundry: Other
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Fence: None
Lease Terms
Lease Terms
  • Entry Date: 11-11-2025
  • Listing Terms: Cash, Conventional, Exchange/Trade
  • Rent Control: No
  • Tenant Pays: Cable TV, Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,550.00
  • Unit Actual Rent: $2,550.00
  • Unit Projected Rent: $2,595.00
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,300.00
  • Unit Actual Rent: $2,300.00
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,350.00
  • Unit Actual Rent: $2,350.00
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,450.00
  • Unit Actual Rent: $2,450.00
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,350.00
  • Unit Actual Rent: $2,350.00
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
Unit 8 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,350.00
  • Unit Actual Rent: $2,350.00
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Number of Electric Meters: 8
  • Number of Gas Meters: 8
  • Number Water Meters: 8

Property History for 3380 Bullock Lane

DateEvent & SourcePriceAppreciation
Nov 11, 2025

Listed (Active)

CLAW #V1-33328VC

$3,195,000—
Nov 11, 2025

Listed (Active)

CRMLS #V1-33328

$3,195,000—
Jan 25, 2019

Sold

CLAW #PI18219659MR

$1,615,700—
Jan 25, 2019

Sold

CRMLS #PI18219659

$1,615,700—
Jan 25, 2019

Sold

SDMLS #PI18219659

$1,615,700—
Jan 24, 2019

Sold

Santa Barbara AOR #18-3847

$1,615,700—
Jan 2, 2019

Sold (Public Record)

Public Record #638476029

$1,616,000

+6.2% / yr

Oct 29, 2018

Pending

Santa Barbara AOR #18-3847

—
Oct 29, 2018

Pending

CRMLS #PI18219659

—
Oct 29, 2018

Pending

CLAW #PI18219659MR

—
Oct 22, 2018

Listed (Active)

Santa Barbara AOR #18-3847

$1,745,000—
Sep 8, 2018

Listed (Active)

SDMLS #PI18219659

$1,745,000—
Sep 8, 2018

Listed (Active)

CLAW #PI18219659MR

$1,745,000—
Sep 8, 2018

Listed (Active)

CRMLS #PI18219659

$1,745,000—
Oct 22, 2014

Sold

CLAW #SC1049032MR

$1,250,000—
Oct 22, 2014

Sold

CRMLS #SC1049032

$1,250,000—
Oct 22, 2014

Sold

NSBCMLS #1049032

$1,250,000—
Sep 24, 2014

Sold (Public Record)

Public Record #473965327

$1,250,000—
Sep 9, 2014

Pending

NSBCMLS #1049032

—
Sep 9, 2014

Pending

CRMLS #SC1049032

—
Sep 9, 2014

Pending

CLAW #SC1049032MR

—
Aug 25, 2014

Listed (Active)

CRMLS #SC1049032

$1,250,000—
Aug 25, 2014

Listed (Active)

CLAW #SC1049032MR

$1,250,000—
Aug 25, 2014

Listed (Active)

NSBCMLS #1049032

$1,250,000—
DateEvent & SourcePrice
11/11/2025

Listed (Active)

CLAW #V1-33328VC

$3,195,000
11/11/2025

Listed (Active)

CRMLS #V1-33328

$3,195,000
01/25/2019

Sold

CLAW #PI18219659MR

$1,615,700
01/25/2019

Sold

CRMLS #PI18219659

$1,615,700
01/25/2019

Sold

SDMLS #PI18219659

$1,615,700
01/24/2019

Sold

Santa Barbara AOR #18-3847

$1,615,700
01/02/2019

Sold (Public Record)

Public Record #638476029

$1,616,000

+6.2% / yr

10/29/2018

Pending

Santa Barbara AOR #18-3847

—
10/29/2018

Pending

CRMLS #PI18219659

—
10/29/2018

Pending

CLAW #PI18219659MR

—
10/22/2018

Listed (Active)

Santa Barbara AOR #18-3847

$1,745,000
09/08/2018

Listed (Active)

SDMLS #PI18219659

$1,745,000
09/08/2018

Listed (Active)

CLAW #PI18219659MR

$1,745,000
09/08/2018

Listed (Active)

CRMLS #PI18219659

$1,745,000
10/22/2014

Sold

CLAW #SC1049032MR

$1,250,000
10/22/2014

Sold

CRMLS #SC1049032

$1,250,000
10/22/2014

Sold

NSBCMLS #1049032

$1,250,000
09/24/2014

Sold (Public Record)

Public Record #473965327

$1,250,000
09/09/2014

Pending

NSBCMLS #1049032

—
09/09/2014

Pending

CRMLS #SC1049032

—
09/09/2014

Pending

CLAW #SC1049032MR

—
08/25/2014

Listed (Active)

CRMLS #SC1049032

$1,250,000
08/25/2014

Listed (Active)

CLAW #SC1049032MR

$1,250,000
08/25/2014

Listed (Active)

NSBCMLS #1049032

$1,250,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3380 Bullock Lane

Taxable ValueLand$1,087,629Additions$714,710Total$1,802,339
Tax Record2025$20,324 ($1,694 / month)
Home Facts
Total Finished SqFt3,517 SqFtAbove Grade Finished SqFt3,517 SqFtLot Size21,687 SqFtStyleMulti-Family Res (5+ Units)Year Built1977ZoningR3CountySAN LUIS OBISPOAPN053-071-010

Schools near 3380 Bullock Lane

This home is within San Luis Coastal Unified School District.
Rating
School
Type
Grades
Distance
Sinsheimer Elementary School
Public - K to 6
Laguna Middle School
Public - 7 to 8
San Luis Obispo High School
Public - 9 to 12
Peep - De'Groot - Prepare School
Public - K to 12
Rating
School
Distance
Sinsheimer Elementary School
PublicK to 6

Laguna Middle School
Public7 to 8

San Luis Obispo High School
Public9 to 12

Peep - De'Groot - Prepare School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 3380 Bullock Lane, San Luis Obispo, CA 93401

3380 Bullock Lane is a multi-family home for sale in San Luis Obispo, CA 93401. This property was listed for sale on November 11, 2025 by Colliers International, it's currently listed at $3,195,000. It has been on the market for a total of 24 days and was last sold on January 25, 2019. This listing's school district is San Luis Coastal Unified School District. Nearby schools include Sinsheimer Elementary School, Laguna Middle School and San Luis Obispo High School. 3380 Bullock Lane is a 16-bed, 8-bath, 6,971 sqft multi-family home built in 1977.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Colliers International, Michael Lopus, DRE #01970736

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.