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8-Unit Multifamily with Private Patios

3380 Bullock Ln San Luis Obispo, CA 93401

New
3380 Bullock Ln, San Luis Obispo, CA, 93401
$3,075,000
For Sale
$3,075,000

Eight-unit multifamily offering private patios, updated kitchens with stainless-steel appliances, and on-site coin-operated laundry.

Days on Market7

Property Features for 3380 Bullock Ln

General Information

Standard status
Active
Property subtype
Investment

Building Details

Year Built
1977
Listing agency
Listed by Michael Lopus
Source Elliman
Added: Jul 16 Updated: Jul 22 at 3:42AM Checked: Jul 22 at 3:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Michael Lopus


Investment Insights

Based on property information with market context.

This 8-unit multifamily property at 3380 Bullock Ln has been maintained and upgraded with modern interiors, including luxury vinyl plank flooring and updated kitchens featuring stainless-steel appliances. Units also offer spacious open-concept living areas with private patios. The community includes abundant on-site parking and an on-site coin-operated laundry facility.

The property is located in San Luis Obispo, with convenient access noted to Downtown SLO, Cal Poly University, and major employers. The provided bikeScore is 50 (bikeable), walkScore is 48 (car-dependent), and transitScore is 22 (minimal transit). Financial highlights shared in the remarks include a current CAP rate of 4.8% and a market CAP rate approaching 5.2%.

Key Highlights

  • 8‑unit multifamily property built in 1977 in a San Luis Obispo rental market
  • Updated interiors include luxury vinyl plank flooring and open‑concept living areas
  • Updated kitchens feature stainless‑steel appliances

Property Analytics

Location Intelligence

Current Use by Public Records

1031 exchange properties

Suggested Use

Bakery Grocery & Convenience Store Barber Shop (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Locksmith HVAC Service Computer & Electronic Repair Pet Grooming Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Eight-unit multifamily offering private patios, updated kitchens with stainless-steel appliances, and on-site coin-operated laundry.
Where is this apartment building located?
The property is located at 3380 Bullock Ln San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $3,075,000.
What are key features of this property?
This property features: 8‑unit multifamily property built in 1977 in a San Luis Obispo rental market; Updated interiors include luxury vinyl plank flooring and open‑concept living areas; Updated kitchens feature stainless‑steel appliances
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