Bunny Maxim

Your Central Coast Realtor
MLS #V1-33328 image #0
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.
Current real estate data for Single Family in San Luis Obispo as of Jan 31, 2026
194
Single Family Listed
83
Avg DOM
604
Avg $ / SqFt
$726,719
Avg List Price

Property Details

Price:
$3,195,000
MLS #:
V1-33328
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Neighborhood:
slosanluisobispo
Listed Date:
Nov 11, 2025
Total Sq Ft:
6,971
Lot Size:
21,687 sqft / 0.50 acres (approx)
Year Built:
1977
Slo – San Luis ObispoSlosanluisobispo

Schools

Interior

Appliances
DW, RF, FSR
Cooling
NO
Flooring
SEE
Heating
WL
Laundry Features
SEE

Exterior

Community Features
PARK
Parking Spots
16

Financial

Net Operating Income
$153,315

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Property Summary

    Located in the Not Applicable subdivision, 3380 Bullock LN San Luis Obispo CA is a Single Family for sale in San Luis Obispo, CA, 93401. It is listed for $3,195,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1977. The average price per square foot for Single Family listings in San Luis Obispo is $604. The average listing price for Single Family in San Luis Obispo is $726,719.

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I have been a successful Real-Estate Broker for 40+ years. My continued success is attributed to my vast clientele and their loyalty. When I meet a new client, I make them my top priority. YOU always come first! I will work diligently to ensure that the you find the perfect home for your special needs and most importantly to assure a smooth closing. I will do what ever it takes.

It’s because of my hard work and dedication to my clients that my business continues to grow. But rest assure…

More About Joanie
3380 Bullock LN
San Luis Obispo, CA

When you think of Real Estate, think of Bunny Maxim and Expect the Best!

We specialize in Residential, Commercial, Lots/Land and Investment Property in the Central Coast of California including the following areas:

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