$1,345,000 - 3291 Rockview Place, San Luis Obispo

San Luis Obispo Home For Sale

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 SLO’s 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.