Listed By:
Abel Contreras with Invest SLO;
Address
1111 Strand Way, Oceano, CA
Price
$ 3,499,000
Property Attributes
  • MLS#PI24002299
  • TypeMulti-Family
  • CountySAN LUIS OBISPO
  • CityOceano
  • AreaOceano
  • Zip93445
  • StyleContemporary,Custom
  • Price$ 3,499,000
  • Bedrooms5
  • Full Bathrooms5
  • Half Bathrooms0
  • Sqr Footage3869
  • Lot Size5,981 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

Welcome to 1111 Strand Way a OCEANFRONT TRIPLEX with STUNNING views of the white water Pacific Ocean and the dunes. This property offers the opportunity for both a long-term or short-term rental/AIR BNB. This property boasts three distinct units, two of the units feature a comfortable layout with 2 bedrooms, 2 bathrooms, and a spacious 2-car garage, while the third unit offers a cozy arrangement with 1 bedroom and 1 bathroom. Each unit is thoughtfully updated, with grey LVP flooring throughout, light fixtures, and fans in every room. Natural light floods the home, thanks to numerous windows that contribute to its bright and airy ambiance. Step out onto the balconies and enjoy the breathtaking views of the ocean and the dunes, providing a perfect setting for relaxation, entertaining guests, or simply enjoying the beauty of the surroundings. With its prime beachfront location, contemporary features, and flexibility of usage, this triplex is a rare gem that combines coastal living with modern comforts. Inquire now to OWN THIS ONCE IN A LIFETIME LEGACY OCEAN FRONT ASSET.

Price History
1/22/2024 Listed $3,499,000

General Features

Interior Features Furnished,HighCeilings,OpenFloorplan,Storage,TwoStoryCeilings,WiredforSound,BedroomonMainLevel,Loft,MainLevelPrimary,WalkInClosets
Sewer PublicSewer
Heating Electric,Fireplaces,Zoned
Cooling Electric,ENERGYSTARQualifiedEquipment,Zoned
Utilities ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
Possession CloseOfEscrow
Roof Membrane,Synthetic
Appliances BuiltInRange,Dishwasher,ENERGYSTARQualifiedAppliances,ENERGYSTARQualifiedWaterHeater,Disposal,GasOven,GasWaterHeater,Microwave,RangeHood,TanklessWaterHeater,VentedExhaustFan,WaterHeater
Exterior Features Awnings,Lighting,RainGutters
Zoning CR
HOA 0.0
Garage Spaces 4.0
Architectural Style Contemporary,Custom
Pool Features None
Security Features SecurityLights
Construction Materials Block,CementSiding,Glass,Concrete,Stucco,Steel
Year Built 2016
Electric Standard
Tenant Pays Other,SeeRemarks
View Ocean
Stories 2
Levels Two
Property SubType Triplex
Gross Income 215364.0
Waterfront Features AcrosstheRoadWaterFrontage,BeachAccess,BeachFront,OceanAccess,OceanFront,OceanSideOfFreeway,OceanSideOfHighway
Community Features PreservePublicLand
Accessibility Parking,AccessibleDoors
County San Luis Obispo
Net Operating Income 120677.0
Operating Expense 94680.0
Insurance Expense 350.0
New Construction Yes
Property Type ResidentialIncome
HOA / Comm Assn No
Attached Garage No
Energy Efficient Appliances,WaterHeater
MaintenanceExpense 6993.0
Garage Y/N Yes
Green Energy Generation Solar
Special Listing Conditions Standard
Status Active
Directions Head northwest on Price St toward Ocean View Ave,turn left on Ocean View Ave,turn left onto CA-1 S/Dolliver St,turn right onto Pier Ave,turn right onto Strand Way,the destination will be on the right
City Oceano
Disclosures CoastalZone
Entry Location Front Door
View Y/N Yes
Senior Community Y/N No
Open Parking Spaces 4.0
Total Units 3
MLS Area OCNO - Oceano
Lot Size Square Feet 5980.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Strand
Spa Features None
Property Attached Y/N Yes
Land Lease Y/N No
Electric Expense 2302.0
Home Warranty Y/N No
Current Financing Conventional
Fuel Expense 1570.3
Property Condition UpdatedRemodeled,Turnkey
Trash Expense 1524.0
Water Sewer Expense 6960.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 22
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 27
Property Sub Type Additional Triplex
Expected Active Date 2024-01-22
Taxes 39375.0
MobileHomeRemainsYN No

Interior Features

Flooring Laminate,Vinyl
Fireplace Features Gas
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) No
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features DoublePaneWindows,ENERGYSTARQualifiedWindows
Fireplace Y/N Yes
Street Suffix Way
Laundry Features Inside
Entry Level 1
Electric On Property Y/N No

Exterior Features

Fencing None
Parking Features Asphalt,DoorMulti,DirectAccess,Driveway,Garage,GarageDoorOpener,Oversized,Paved,Private,GarageFacesSide
Lot Features Lawn,Landscaped,Level,RectangularLot,ValueInLand,Yard
Water Source Public
Total Parking 8.0
Lot Size Area 5980.0
Foundation Details Slab
Number of Buildings 1
Spa No
Building Area Total 3869.0
Lot Size Acres 0.1373
Road Surface Type Paved
Lot Size Units SquareFeet
Lot Size Source Assessor
Door Features ENERGYSTARQualifiedDoors,SlidingDoors
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 93445

Price
AVG $1.55M
$3.5M
Visits
AVG 90
50
Data Provided by Inside Real Estate®
Year Built
AVG 1983
2016