Oceano, CA 93445 1111 Strand Way

$3,499,000

69 more

Presented By: Abel Contreras with Invest SLO; 805-709-7143

MLS# PI24002299
01/15/2024

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Beds • 5
Baths • 5
SQFT • 3,869
Garage • 4

Home Details

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.

Presented By: Abel Contreras with Invest SLO; 805-709-7143

Interior Features for 1111 Strand Way

Other Interior Features

Air Conditioning Y/NYes

Basement (Y/N)No

Common WallsItem2CommonWalls

Electric On Property Y/NNo

Fireplace FeaturesGas

Fireplace Y/NYes

FlooringLaminate, Vinyl

Heating Y/NYes

Laundry FeaturesInside

Street SuffixWay

Total Stories2

Window FeaturesDoublePaneWindows, ENERGYSTARQualifiedWindows

Other Rooms

Entry Level1

General for 1111 Strand Way

AccessibilityParking, AccessibleDoors

Additional Parcels Y/NNo

AppliancesBuiltInRange, Dishwasher, ENERGYSTARQualifiedAppliances, ENERGYSTARQualifiedWaterHeater, Disposal, GasOven, GasWaterHeater, Microwave, RangeHood, TanklessWaterHeater, VentedExhaustFan, WaterHeater

Architectural StyleContemporary, Custom

Attached Garage No

Building Area UnitsSquareFeet

Carport Y/NNo

CityOceano

Community FeaturesPreservePublicLand

Construction MaterialsBlock, CementSiding, Glass, Concrete, Stucco, Steel

CoolingElectric, ENERGYSTARQualifiedEquipment, Zoned

CountySan Luis Obispo

Current FinancingConventional

Days on Market49

DirectionsHead 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

DisclosuresCoastalZone

ElectricStandard

Electric Expense2302.0

Energy EfficientAppliances, WaterHeater

Entry LocationFront Door

Expected Active Date 2024-01-22

Exterior FeaturesAwnings, Lighting, RainGutters

Fuel Expense1570.3

Garage Spaces4.0

Garage Y/NYes

Green Energy GenerationSolar

Gross Income215364.0

HOA0.0

HOA / Comm AssnNo

HeatingElectric, Fireplaces, Zoned

Home Warranty Y/NNo

Insurance Expense350.0

Interior FeaturesFurnished, HighCeilings, OpenFloorplan, Storage, TwoStoryCeilings, WiredforSound, BedroomonMainLevel, Loft, MainLevelPrimary, WalkInClosets

Land Lease Y/NNo

Lease Considered Y/NNo

Lease Renewal Y/NNo

LevelsTwo

Listing TermsCash, CashtoExistingLoan, CashtoNewLoan, Conventional, Contract, Item1031Exchange, OwnerMayCarry, Submit

Lot Size Square Feet5980.0

MLS AreaOCNO - Oceano

MaintenanceExpense6993.0

MobileHomeRemainsYNNo

Net Operating Income120677.0

New ConstructionYes

Number of Units Leased0

Open Parking Spaces4.0

Operating Expense94680.0

Pool FeaturesNone

PossessionCloseOfEscrow

Private PoolNo

Property Attached Y/NYes

Property ConditionUpdatedRemodeled, Turnkey

Property Sub Type AdditionalTriplex

Property SubTypeTriplex

Property TypeResidentialIncome

Rent Control Y/NNo

RoofMembrane, Synthetic

Security FeaturesSecurityLights

Senior Community Y/NNo

SewerPublicSewer

Spa FeaturesNone

Special Listing ConditionsStandard

Standard StatusActive

StatusActive

Stories2

Street NameStrand

Tax Lot27

Taxes$39,375

Tenant PaysOther, SeeRemarks

Total Units3

Trash Expense1524.0

UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected

ViewOcean

View Y/NYes

Water Sewer Expense6960.0

Waterfront FeaturesAcrosstheRoadWaterFrontage, BeachAccess, BeachFront, OceanAccess, OceanFront, OceanSideOfFreeway, OceanSideOfHighway

Waterfront Y/NNo

Year Built2016

Year Built SourcePublicRecords

ZoningCR

Exterior for 1111 Strand Way

Building Area Total3869.0

Crops Included Y/NNo

Door FeaturesENERGYSTARQualifiedDoors, SlidingDoors

FencingNone

Foundation DetailsSlab

Horse Y/NNo

Irrigation Water Rights Y/NNo

Lot FeaturesLawn, Landscaped, Level, RectangularLot, ValueInLand, Yard

Lot Size Acres0.1373

Lot Size Area5980.0

Lot Size SourceAssessor

Lot Size UnitsSquareFeet

Number of Buildings1

Number of Separate Electric Meters3

Number of Separate Gas Meters3

Number of Separate Water Meters1

Open Parking Y/NNo

Parking FeaturesAsphalt, DoorMulti, DirectAccess, Driveway, Garage, GarageDoorOpener, Oversized, Paved, Private, GarageFacesSide

Road Surface TypePaved

SpaNo

Total Parking8.0

Water SourcePublic

Additional Details

Price History

First Team Client Services

Price $3,499,000

MLS#PI24002299

List Date 01/15/2024

Property Type Multi-Family

Phone 714.964.3311

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