1111 N Strand Way

    Oceano, CA 93445
    • $2,500,000
    • STATUS: Active
    • ON SITE: 303 days
    • ID#: SC17216326
    $2,500,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,920
      SQFT
    • $638
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    2016
    County:

    School Ratings & Info

    Description

    Marketing Remarks: Great NEWS...Appraised for $2,500,000! Appraisal paid for by buyer, not owner! Compare to any Beachfront Units LEED specifications built! Reduced! Priced to SELL! Email for leases, Income/Expenses. $10,694 monthly payment includes PITI & $1,300 principal reduction. Assume loan of $1,420,000 at 6.99% with 1 point and EASY qualify. Failure to Assume loan will result in adding Prepayment Penalty of $43,500 added to Sales Price. Solar ($50,000 PAID for and included), On Demand Hot Water, Tankless Water Heaters, Ductless Heating, built to LEED specs, Passive Solar Design, 18 foot high ceilings, 2 x 6 fully insulated and sound proofed walls, and more! Commercial Zoning. $640 all utilities. 3 Units: Unit A 1,638 sq ft; Unit B 1,820 sq ft; $2,000/Unit C 462 sq ft. Furnishings and appliances to be INCLUDED. Make offer. $500,000 CASH Down and Seller/Assumption financing on balance. Vacation Rentals project $170,000 per year, CAP Rate of 4.00!!!. CALIFORNIA BEACHFRONT...PRICELESS!!! There are 39.54 million people in California, 2017 census. Guess how many people own California Beachfront property? Cheap when you consider that you get a Multigenerational 3 Units! Submit cash offer!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-20T00:29:22.327. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.pismohomes.com/homes/76878740

    1111 N Strand Way Oceano, CA 93445

    • Price: $2,500,000
    • Status: Active
    • ID#: SC17216326
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,920
    SQFT
    $638
    $/SQFT
    2016
    Built
    Neighborhood:
    OCNO - Oceano
    County:
    San Luis Obispo
    Area:
    OCNO - Oceano
    Property Description
    Marketing Remarks: Great NEWS...Appraised for $2,500,000! Appraisal paid for by buyer, not owner! Compare to any Beachfront Units LEED specifications built! Reduced! Priced to SELL! Email for leases, Income/Expenses. $10,694 monthly payment includes PITI & $1,300 principal reduction. Assume loan of $1,420,000 at 6.99% with 1 point and EASY qualify. Failure to Assume loan will result in adding Prepayment Penalty of $43,500 added to Sales Price. Solar ($50,000 PAID for and included), On Demand Hot Water, Tankless Water Heaters, Ductless Heating, built to LEED specs, Passive Solar Design, 18 foot high ceilings, 2 x 6 fully insulated and sound proofed walls, and more! Commercial Zoning. $640 all utilities. 3 Units: Unit A 1,638 sq ft; Unit B 1,820 sq ft; $2,000/Unit C 462 sq ft. Furnishings and appliances to be INCLUDED. Make offer. $500,000 CASH Down and Seller/Assumption financing on balance. Vacation Rentals project $170,000 per year, CAP Rate of 4.00!!!. CALIFORNIA BEACHFRONT...PRICELESS!!! There are 39.54 million people in California, 2017 census. Guess how many people own California Beachfront property? Cheap when you consider that you get a Multigenerational 3 Units! Submit cash offer!
    Exterior Features

    Construction Materials Hardiplank TypePlaster Entry Level 0 Fence YN Yes Fencing Block Lot Features Back YardCorner LotFront YardGentle SlopeLandscapedLot Shape-RectangularPark NearbyPaved Lot Size Dimensions 70 X 85 Lot Size Source Seller Lot Size Units Square Feet Parking Total 4.00 Roof See Remarks Waterfront Features Beach AccessBeach FrontOcean AccessOcean FrontOcean Side Of Highway 1

    Interior Features

    Condo Area Units Square Feet Cooling Zoned Cooling YN Yes Heating ZonedSolarSee Remarks Heating YN Yes Laundry Features Dryer IncludedWasher Included

    Property Features

    Accounting Type Actual Additional Parcels Description 061011006 Additional Parcels YN Yes Building Area Units Square Feet Building Status Existing Cap Rate 4.00 Country Us Effective Gross 107400 Electric Photovoltaics Seller Owned Electric Expense 120.00 Gross Scheduled Income 107400.00 Insurance Expense 3400.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry YN Yes Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 89328.00 Number Of Units Leased 3 Operating Expense 18072.00 Property Sub Type Hotel/Motel Security Features Carbon Monoxide Detector(S)Fire Sprinklers Special Listing Conditions Standard Total Expenses 18072.00 Trash Expense 1428.00 Utilities Cable AvailablePhone AvailableSee RemarksSewer ConnectedUnderground UtilitiesWater Connected Vacancy Allowance 0 Water Sewer Expense 2832.00 Water Source Public Year Built Source Seller Zoning Commercial

    Listing provided courtesy of John Madrid of John Madrid, Broker.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-07-20T00:29:22.327. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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