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Leased Duplex With Expansion Plans
For Sale
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3281 Rockview Place, San Luis Obispo, CA 93401

Two leased residences include a larger primary home, separate smaller unit, and approved plans for an additional residence.

Property SizeContact for details
Days on Market157

Property Features for 3281 Rockview Place

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multifamily
Zoning Public Rec
Occupancy 100%

Units

Unit Mix 1 x 5BR/3BA, 1 x 2BR/1BA
Multifamily Units 2

Additional Details

Gross Income $97,200
Utilities to Site Yes

Building Details

Buildings 1
Stories 1
Units 2
Tenancy Multi
Listing Agency: Eighty20 Group
Listed By: Gabe Davis · License #02149531
Source: Crexi
Added: Mar 27 Changed: Aug 30 Last Checked: Aug 30 at 8:06AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Eighty20 Group

Investment Insights

Based on property information with market context.

This duplex property combines a 5-bedroom, 3-bath main residence with a separate 2-bedroom, 1-bath unit. Both residences are currently leased, providing an established rental configuration for an investor or owner-user. Seller reports approved plans for a future 4-bedroom, 2-bath residence, with utilities extended on the property; buyers should confirm permit status, square footage, and development potential with the City of San Luis Obispo.

The property includes two RV parking spaces on the upper portion of the lot. It is positioned near downtown San Luis Obispo, restaurants, shopping, major commuter routes, established neighborhoods, and restaurant and retail areas. The property is identified as zoned Public Rec.

Key Highlights

  • 5‑bedroom, 3‑bath main residence paired with a separate 2‑bedroom, 1‑bath unit
  • Both units are currently leased
  • Seller reports approved plans for a future 4‑bedroom, 2‑bath residence

Property Analytics

Current Use

Barnhill's Backhoe General Contractor

Suggested Use

Top Pick Dental Office Accounting Firm HVAC Service Barber Shop Bakery (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

809
Businesses Nearby

Demographics for 93401, CA

29,877
Population
14,363
Households
2.1
Avg Household Size
39
Median Age
57%
College-Educated
96%
High-School Grad
64.2 sq mi
ZIP Area
465
Density / Sq Mi
$95,386
Median Household Income
$47,898
Median Earnings
$1,859
Median Rent
$943,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two leased residences include a larger primary home, separate smaller unit, and approved plans for an additional residence.
Where is this duplex located?
The property is located at 3281 Rockview Place San Luis Obispo, CA.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: 5‑bedroom, 3‑bath main residence paired with a separate 2‑bedroom, 1‑bath unit; Both units are currently leased; Seller reports approved plans for a future 4‑bedroom, 2‑bath residence
More about this property
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