1111 N Strand Way

    Oceano, CA 93445
    • $2,500,000
    • STATUS: Active
    • ON SITE: 392 days
    • ID#: SC17216318
    UPDATED: 5 min ago
    $2,500,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,920
      SQFT
    • $638
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2016
    County:

    School Ratings & Info

    Description

    Marketing Remarks: Appraised for $2,500,000...Appraisal was paid for by potential buyer, not owner. Compare to any LEED Beachfront units! Perfect for Multigenerational Families! 3 Units. Solar ($50,000 PAID for and included), On Demand Hot Water, Ductless Heating, Tankless Water Heater, built to LEED specifications, Passive Solar Design, 18 foot high ceilings, 2 x 6 fully insulated and sound proofed walls, and more! Commercial Zoning. $640 all utilities (EMAIL for Income/Expenses since completed March of 2016). 3 Units: $4,000/Unit A, $1,638 sq ft, leased 1 year; $3,750/Unit B, leased 1,820 sq ft; $2,000/Unit C leased, 462 sq ft. Email for Vacation Rental Projections: Unit A $73,000, Unit B $76,000, Unit C $40,000.All furnishings and appliances to be INCLUDED. Make offer. Assumable loan of $1,415,000. Trades or exchanges? Compare to any LEED specification built units less than 3 years old ON THE BEACH from San Francisco to San Diego.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-17T15:32:17.593. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.pismohomes.com/homes/76878742

    1111 N Strand Way Oceano, CA 93445

    • Price: $2,500,000
    • Status: Active
    • Updated: 5 min ago
    • ID#: SC17216318
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    3,920
    SQFT
    $638
    $/SQFT
    2016
    Built
    Neighborhood:
    Oceano(350)
    County:
    San Luis Obispo
    Area:
    OCNO - Oceano
    Property Description
    Marketing Remarks: Appraised for $2,500,000...Appraisal was paid for by potential buyer, not owner. Compare to any LEED Beachfront units! Perfect for Multigenerational Families! 3 Units. Solar ($50,000 PAID for and included), On Demand Hot Water, Ductless Heating, Tankless Water Heater, built to LEED specifications, Passive Solar Design, 18 foot high ceilings, 2 x 6 fully insulated and sound proofed walls, and more! Commercial Zoning. $640 all utilities (EMAIL for Income/Expenses since completed March of 2016). 3 Units: $4,000/Unit A, $1,638 sq ft, leased 1 year; $3,750/Unit B, leased 1,820 sq ft; $2,000/Unit C leased, 462 sq ft. Email for Vacation Rental Projections: Unit A $73,000, Unit B $76,000, Unit C $40,000.All furnishings and appliances to be INCLUDED. Make offer. Assumable loan of $1,415,000. Trades or exchanges? Compare to any LEED specification built units less than 3 years old ON THE BEACH from San Francisco to San Diego.
    Exterior Features

    Entry Level 0 Garage Spaces 4.00 Lot Features Paved Lot Size Source Seller Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes Roof See Remarks

    Interior Features

    Appliances DishwasherEnergy Star AppliancesGarbage DisposalGas StoveHigh Efficiency Water HeaterMicrowaveRefrigeratorTankless Water Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area 462 Average1 Bed Area Units Square Feet Average2 Bed Area 1638 Average2 Bed Area Units Square Feet Average3 Bed Area 1820 Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Zoned Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Flooring ConcreteLaminate Heating ZonedSolarSee Remarks Heating YN Yes Interior Features Ceiling FanCorian CountersHigh Ceilings (9 Feet+)Living Room BalconyOpen Floor PlanPartially FurnishedRecessed LightingStone CountersTrack Lighting Laundry Features Dryer IncludedWasher Included Room Type All Bedrooms DownArt StudioAtriumFamily RoomMain Floor Master BedroomMaster SuiteOfficeTwo Masters

    Property Features

    Accessibility Features 2+ Access Exits48 Inch Or More Wide HallsCustomized Wheelchair AccessibleDisability FeaturesEntry Slope Less Than 1 FootGrab Bars In Bathroom(S)Parking Additional Parcels Description 061011006 Additional Parcels YN Yes Building Area Units Square Feet Cable Tv Expense 73.20 Cap Rate 4.00 Community Features Curbs Country Us Electric Photovoltaics Seller Owned Electric Expense 10.86 Elevation Units Feet Fuel Expense 0.00 Green Energy Efficient AppliancesConstructionDoorsInsulationLightingRoofWater HeaterWindows Green Energy Generation Solar Green Sustainability Biodegradable MaterialsConserving Materials/MethodsRecycled MaterialsRenewable Materials Green Water Conservation Water-Smart Landscaping Gross Equity 870000 Gross Income 117000.00 Gross Multiplier 21.00 Gross Operating Income 117000.00 Gross Scheduled Income 117000.00 Insurance Expense 4100.00 Land Lease YN No Laundry YN Yes Licenses Expense 38.00 Net Operating Income 98928.00 New Taxes Expense 27000.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 18072.00 Other Income1 762.00 Pest Control Expense 300.00 Present Loans 1430000 Rent Control YN No Security Features Fire Sprinklers Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Oceano(350) Total Actual Rent 9750.00 Total Expenses 18072.00 Trash Expense 1428.00 Utilities Cable ConnectedPhone ConnectedSee Remarks Vacancy Allowance 0 Water Sewer Expense 2832.00 Water Source Public Year Built Source Seller Zoning Comr

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


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-17T15:32:17.593. 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 deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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