3281 Rockview Place, San Luis Obispo, CA 93401

• 7 beds
• 2,240 sqft

Property Description

Two leased units generating ~ $97,200 annually plus approved plans per seller for a future 4-bedroom, 2-bath residence capable of producing an estimated ~$65,000+ in additional annual income. 3281 Rockview presents a strong income-producing property in one of San Luis Obispo's convenient hillside locations. The property includes a 5-bedroom, 3-bath main residence and a separate 2-bedroom, 1-bath unit, creating a flexible configuration for investors or owner-users seeking rental income with long-term upside. Both units are currently leased, producing approximately ~$97,200 in gross annual rent. Approved plans per seller exist for a future 4-bedroom, 2-bath residence on the property, offering the potential to significantly increase income or expand living space. Buyers should verify permit status, square footage, and development potential with the City of San Luis Obispo. The property also includes two RV parking spaces on the upper portion of the lot, and utilities have been extended on the property per seller. Located just minutes from downtown San Luis Obispo, restaurants, shopping, and major commuter routes, the property benefits from proximity to established neighborhoods and evolving restaurant and retail areas. Both 3281 and 3291 Rockview are offered for sale, creating the p

Listing Status:

Active

Date Added:

March 10, 2026

Data Last Updated:

April 14, 2026 at 7:09PM

Listing Office:

Eighty20 Group : 805-457-5781

Listing Agent:

Gabe Davis : 805-316-1108

MLS ID:

CRSC26049305

Interior

• Laundry: See Remarks
• A/C: No Air Conditioning

Exterior

• Parking: Parking spaces: 0

Location

• HOA Amenities: 0.0
• County: San Luis Obispo

Lot

• Zoning: 004591005
• View: Mountain(s)View