3291 Rockview Place, San Luis Obispo, CA 93401

• 3 beds |
• 2 baths |
• 1,632 sqft

Property Description

Approved plans on a separate building pad, two leased units generating ~ $70,800 annually, and elevated views; this is a premier investment opportunity in San Luis Obispo. 3291 Rockview combines income, views, and expansion momentum in one of SLOs most convenient hillside locations. The property includes a 3-bedroom, 2-bath main residence of approximately 1,632 square feet and a separate 1-bedroom, 1-bath ADU of approximately 600 square feet. Both units are currently leased, providing immediate revenue while future plans move forward. The upper portion of the lot features an elevated build site with approved plans per seller, and water and sewer have been extended to that area. The separation between the existing improvements and the upper terrace allows flexibility for additional construction while maintaining usable yard space. The lot size and orientation support view-oriented outdoor living, private yard space, or pool design. Generate income while planning your next home. Positioned just minutes from downtown San Luis Obispo, restaurants, shopping, and major routes, the property benefits from proximity to established neighborhoods and evolving restaurant and retail corridors. In a market where properties offering existing income and approved expansion components are limited, 3291 Rockview stands apart. Both 3291 and 3281 Rockview are offered for sale, creating the potential for a larger estate footprint or expanded investment strategy.

Listing Status:

Active

Date Added:

February 27, 2026

Data Last Updated:

April 14, 2026 at 7:11PM

Listing Office:

Eighty20 Group : 805-457-5781

Listing Agent:

Gabe Davis : 408-960-5650

MLS ID:

SC26044748

Interior

• A/C: N/K
• Fireplace: N/K

Exterior

• Pool: N/K
• Parking: Parking spaces: 0

Construction

• General: 1

Location

• HOA Amenities: 0.0
• Originating MLS: California Regional MLS
• County: San Luis Obispo

Lot

• Zoning: 004591012
• View: Mountains/Hills

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: California Regional MLS