1111 Strand Way

Oceano, CA 93445

$3,499,000
Price
5
Beds
5
Baths
3,869 Sq. Ft.
$904 / Sq. Ft.
3,869
Sq. Ft.
$904
per Sq. Ft.

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...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.
  1. Listed by Abel Contreras • DRE #02062620 • Brokerage DRE #02014153 • Invest SLO • 805-709-7143

Property Details for 1111 Strand Way

Architectural Style
Contemporary, Custom Built
View
Dunes, Ocean, White Water
Parking Spaces Total
8
Private Pool
No
Cooling Type
Zoned Area(s)
Total Units
3.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Invest SLO, Abel Contreras, DRE #02062620
Add your commute
LISTING UPDATED: 03/11/2024 02:28 AM

Property Details for 1111 Strand Way

StatusActive
MLS #PI24002299
Days on Market98
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2016
Lot Size0.14 AC / 5,980 SF
CountySan Luis Obispo County

Location

Listing Courtesy of Invest SLO, Abel Contreras, DRE #02062620
Add your commute

Building Information for 1111 Strand Way

Stories2Residences-Year Built2016Building Size-Lot Size0.14 AC / 5,980 SF

Payment Calculator

$21,318 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,095

Property Taxes

$2,223

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1111 Strand Way

Rental Info
Rental Info
  • Tenant Pays: Other, See Remarks
Income / Expense / Tax Details
Income Details
  • Gross Income: $215,364
  • Gross Scheduled Income: $215,364
  • Net Operating Income: $120,677
  • Other Income Description: pro-forma based on Past STR
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $94,680
  • New Taxes Expense: $39,375
  • Cable TV Expense: $6,376
  • Fuel Expense: $1,570
  • Pest Control Expense: $630
  • Security Expense: $2,700
  • Electric Expense: $2,302
  • Insurance Expense: $350
  • Maintenance Expense: $6,993
  • Trash Expense: $1,524
  • Water Sewer Expense: $6,960
  • Total Expenses: $94,680
Tax / Assessment Info
  • Tax Block: 43
  • Tax Census Tract: 122.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 27
Community / Development
Community / Development
  • Accessibility Features: Doors - Swing In, Parking
  • Disability Access: Doors - Swing In, Other Main Level Modifications
  • Community Features: Preserve/Public Land
Property / Structure Info
Interior Features
  • Appliances: Built-In Range, Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Disposal, Gas Oven, Gas Water Heater, Microwave, Range Hood, Tankless Water Heater, Vented Exhaust Fan, Water Heater
  • Equipment: Dishwasher, Inside, Microwave, Vented Exhaust Fan
  • Interior Features: Furnished, High Ceilings, Open Floorplan, Storage, Two Story Ceilings, Wired for Sound
  • Room Type: Entry, Kitchen, Laundry, Living Room, Loft, Main Floor Bedroom, Main Floor Primary Bedroom, Multi-Level Bedroom, Walk-In Closet
  • Bedroom Features: Main Floor Bedroom, Multi-Level Bedroom, WalkInCloset
  • Water Heater Features: Gas, Tankless
  • Water Heater Type: Gas, Tankless
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: Gas
  • Fireplace Rooms: Gas
  • Cooling: Electric, ENERGY STAR Qualified Equipment, Zoned
  • Heating Type: Electric, Zoned
  • Heat Source: Electric
  • Heating: Electric, Fireplace(s), Zoned
  • Heat Equipment: Zoned Areas, Fireplace
  • Flooring: Laminate, Vinyl
Exterior Features
  • Door Features: ENERGY STAR Qualified Doors, Sliding Doors
  • Window Features: Double Pane Windows, ENERGY STAR Qualified Windows
  • Security Features: Security Lights
  • Construction Materials: Block, Cement Siding, Concrete, Glass, Steel, Stucco
  • Exterior Construction: Block, Concrete, Glass, Steel Siding, Stucco
  • Exterior: Block, Stucco
  • Exterior Features: Awning(s), Lighting, Rain Gutters
  • Roof: Membrane, Synthetic
  • Entry Location: Front Door
  • Fence: No
  • Fence: None
  • Fencing: None
  • Foundation Details: Slab
  • Property Condition: Turnkey, Updated/Remodeled
  • Miscellaneous: Value in Land
  • View Description: Ocean, White Water
  • Waterfront Features: Beach Access, Beach Front, Ocean Access, Ocean Front, Ocean Side of Freeway, Ocean Side Of Highway 1, Waterfront With Home Across Road
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Green Info
  • Green Energy Generation: Solar
Land/Lot Info
  • Lot Features: Landscaped, Lawn, Rectangular Lot, Level, Value In Land, Yard
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Direct Entrance, Door Opener, Driveway, Garage, Garage - 2 Car, Oversized, Private
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Direct Garage Access, Driveway, Asphalt, Paved, Garage, Garage Faces Side, Garage - Two Door, Garage Door Opener, Oversized, Private
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,547
  • Unit Type Pro Forma: 5000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $6,605
  • Unit Type Pro Forma: 8000
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $7,794
  • Unit Type Pro Forma: 10000
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 0
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Number With Carpet: 3
  • Number With Disposal: 3
  • Number With Drapes: 3
  • Number With Patio: 3
  • Number Wall AC: 3

Property History for 1111 Strand Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1111 Strand Way

Taxable ValueLand$1,014,390Additions$1,407,141Total$2,421,531
Tax Record2023$26,681 ($2,223 / month)
Home Facts
Total Finished SqFt3,869 SqFtAbove Grade Finished SqFt3,869 SqFtLot Size5,980 SqFtStyleTriplexYear Built2016ZoningCRCountySAN LUIS OBISPOAPN061-011-049

Schools near 1111 Strand Way

This home is within Lucia Mar Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 8 to 12
Public - 9 to 12
Rating
School
Distance
Oceano Elementary School
PublicK to 6

Judkins Middle School
Public7 to 8

Arroyo Grande High School
Public8 to 12

Lopez Continuation High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1111 Strand Way is a multi-family home for sale in Oceano, CA 93445. This property was listed for sale on January 22, 2024 by Invest SLO, it's currently listed at $3,499,000. It has been on the market for a total of 98 days and was last sold on July 7, 2020. This listing's school district is Lucia Mar Unified School District. Nearby schools include Oceano Elementary School, Judkins Middle School and Arroyo Grande High School. 1111 Strand Way is a 5-bed, 5-bath, 3,869 sqft multi-family home built in 2016.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Invest SLO, Abel Contreras, DRE #02062620

Based on information from one of the following Multiple Listing Services: Santa Barbara MLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Santa Barbara MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.