San Luis Obispo, CA93401
| 2240 sqft | MLS# SC26049305
Tract: San Luis Obispo(380)
For Sale $1,295,000
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 potential for a larger estate footprint or expanded investment strategy.
Facts
| Built in 1944 | Lot Size: 41818.00 sqft | HOA Dues: $0/month
Features
Listing provided by Gabe Davis, Eighty20 Group
Based on information from California Regional Multiple Listing Service, Inc. as of April 2, 2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.