1111 N Strand Way

    Oceano, CA 93445
    • $2,500,000
    • STATUS: Active
    • ON SITE: 272 days
    • ID#: SC17216318
    UPDATED: 63 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: Reduced. Great NEWS...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: Gramps-Mom & Dad-Kids! Price reduced to sell! Was $2,750,000. LEED construction. Assume loan of $1,424,000 at 6.99% with 1 point and qualify, EASY Qualify. If loan is Not assumed, then Prepayment Penalty of $43,500 added to Sales Price (Prepayment Penalty expires July of 2019...then zero). $10,694 PER MONTH INCLUDES PITI & $1,300 PRINCIPAL REDUCTION. 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:$73,000 per year as Vacation Rental projected/Unit A 1,638 sq ft; $3,450 Leased/Unit B 1,820 sq ft; $2,000 Leased/Unit C 462 sq ft. Furnishings and appliances to be INCLUDED. $500,000 CASH DOWN and seller & assumable financing on balance. Vacation Rentals projection is $170,000 per year! Vacation Rentals Projected CAP Rate is 4.0!!! BEACHFRONT! LOCATION, LOCATION, LOCATION! There are 39.54 million people in California (2017 census), guess how many people OWN Beachfront Property? You could Own a Multigenerational 3 Units! Submit cash offer.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-06-19T13:30:23.087. 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/76878742

    1111 N Strand Way Oceano, CA 93445

    • Price: $2,500,000
    • Status: Active
    • Updated: 63 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: Reduced. Great NEWS...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: Gramps-Mom & Dad-Kids! Price reduced to sell! Was $2,750,000. LEED construction. Assume loan of $1,424,000 at 6.99% with 1 point and qualify, EASY Qualify. If loan is Not assumed, then Prepayment Penalty of $43,500 added to Sales Price (Prepayment Penalty expires July of 2019...then zero). $10,694 PER MONTH INCLUDES PITI & $1,300 PRINCIPAL REDUCTION. 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:$73,000 per year as Vacation Rental projected/Unit A 1,638 sq ft; $3,450 Leased/Unit B 1,820 sq ft; $2,000 Leased/Unit C 462 sq ft. Furnishings and appliances to be INCLUDED. $500,000 CASH DOWN and seller & assumable financing on balance. Vacation Rentals projection is $170,000 per year! Vacation Rentals Projected CAP Rate is 4.0!!! BEACHFRONT! LOCATION, LOCATION, LOCATION! There are 39.54 million people in California (2017 census), guess how many people OWN Beachfront Property? You could Own a Multigenerational 3 Units! Submit cash offer.
    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 Cap Rate 4.00 Community Features Curbs Country Us Electric Photovoltaics Seller Owned Electric Expense 120.00 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 107400.00 Gross Multiplier 21.00 Gross Operating Income 107400.00 Gross Scheduled Income 107400.00 Insurance Expense 3400.00 Land Lease YN No Laundry YN Yes Net Operating Income 89328.00 New Taxes Expense 27000.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 18072.00 Other Income1 762.00 Present Loans 1430000 Rent Control YN No Security Features Fire Sprinklers Senior Community YN No Special Listing Conditions Standard Subdivision Name Other Oceano(350) Total Expenses 18072.00 Trash Expense 1428.00 Utilities Phone 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 2018-06-19T13:30:23.087. 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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