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$2,995,000
Est. payment /mo
5 Beds
5 Baths
5,980 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Oceano(350)
MLS Listing ID PI26194623
Bedrooms 5
Lot Size 5,980 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
A 2016-built oceanfront triplex on Oceano's most coveted street -- Wake up to whitewater. 1111 Strand Way is a rare, purpose-built 2016 triplex on the ocean side of Highway 1 in Oceano the block where morning light comes in off the Pacific and the dunes roll straight to your balcony rail. Newer-construction multi-family assets with direct Pacific views, CR (Coastal Residential) zoning, and an operating short-term rental history almost never come to market on the Central Coast. Unit mix: Two 2BR / 2BA townhome-style residences with private 2-car garages, and a 1BR / 1BA retreat all three fully furnished and separately metered for gas and electric. LVP flooring throughout, gas fireplaces, tankless water heaters, ENERGY STAR systems, wall-to-wall windows, high ceilings, and private balconies off every unit. Owned rooftop solar keeps operating costs low and guest reviews high. Flex play: Continue as a professionally managed vacation compound (short-term income history in supplements), convert to long-term coastal rentals, or owner-occupy one unit and let the other two service the debt. Turnkey, furnished, solar-owned with the same view the single-family homes on this street pay $4M+. Location: Strand Way is the most desirable street in Oceano. Steps to the sand, minutes to Pismo Beach, and a short drive to San Luis Obispo, the SLO airport, and the wine country.
Location
State CA
County San Luis Obispo
Zoning Assessor
Direction 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 ont
Interior
Heating Fireplace, Zoned Areas
Cooling Zoned Area(s)
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 061011049
Acceptable Financing Cash, Conventional, Exchange, Land Contract, Seller May Carry
Listing Terms Cash, Conventional, Exchange, Land Contract, Seller May Carry
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Listed by Abel Contreras, DRE#02062620 Invest SLO
Nearby School & Business
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