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
MLS #
CRSC26044748
MLS Source
California Regional MLS
Days on Site
0
Bedrooms
Ground Floor Bedroom
Appliances
Other
Fireplace
None
Laundry
Other
Cooling
None
Pool
None
Garage/Parking
Garage: 0 Car(s)
Elementary District
San Luis Coastal Unified
High School District
San Luis Coastal Unified
HOA Fee
$0
3291 Rockview Pl is a Single Family Residence in San Luis Obispo, CA 93401. This 1,632 square foot property sits on a 0.96 Acres Lot and features 3 bedrooms & 2 full bathrooms. It is currently priced at $1,425,000 and was built in 1980. This address can also be written as 3291 Rockview Pl, San Luis Obispo, CA 93401.
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This listing information is up-to-date as of March 10, 2026. For the most current information, please contact Gabe Davis