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3291 Rockview Pl 2 Unit Apartment Building $1,866,604 CAD ($933,302 CAD/Unit) San Luis Obispo, CA 93401
Investment Highlights
- Approved plans for an additional building pad on the upper portion of the lot, with water and sewer already extended to the site.
- Main residence features a 3-bedroom, 2-bath layout of approximately 1,632 square feet, complemented by a separate 1-bedroom, 1-bath ADU of about 600sf
- Conveniently situated just minutes from downtown San Luis Obispo, with easy access to restaurants, shopping, and major transportation routes.
- Two existing leased units generating approximately $70,800 in annual income, providing immediate revenue potential.
- Elevated hillside location offers expansive views and supports outdoor living, private yard space, or pool design.
- Opportunity to combine with adjacent property at 3281 Rockview for a larger estate footprint or expanded investment strategy.
Executive Summary
Approved plans on a separate building pad, two leased units generating ~ $70,800 annually, and elevated views in San Luis Obispo, a rare opportunity. 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.
Property Facts
| Price | $1,866,604 CAD | Building Class | C |
| Price Per Unit | $933,302 CAD | Lot Size | 0.96 AC |
| Sale Type | Investment | Building Size | 2,232 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | ||
| Zoning | R2 - Medium-Density Residential Zone | ||
| Price | $1,866,604 CAD |
| Price Per Unit | $933,302 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.96 AC |
| Building Size | 2,232 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Zoning | R2 - Medium-Density Residential Zone |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 004-591-012 | Improvements Assessment | $390,058 CAD |
| Land Assessment | $886,495 CAD | Total Assessment | $1,276,552 CAD |
Property Taxes
Parcel Number
004-591-012
Land Assessment
$886,495 CAD
Improvements Assessment
$390,058 CAD
Total Assessment
$1,276,552 CAD
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3291 Rockview Pl
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