1111 N Strand Way

    Oceano, CA 93445
    • $2,500,000
    • STATUS: Active
    • ON SITE: 391 days
    • ID#: SC17216326
    UPDATED: 94 min ago
    $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: Appraised for $2,500,000! 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 Projected Income as Vacation Rentals: Unit A/$73,000, Unit B $76,000, Unit C $44,000 per year. Unit A is 1,638 sq ft, $4,000/month, Unit B is 1,820 sq ft, $3,750 per month; Unit C/$2,000 per month, 462 sq ft. Current Leases: $4,000/Unit A, 12 month lease; $3,750/Unit B, Leased until June of 2019; $2,000/Unit C, Leased until November 2020.Make offer. Trades and exchanges? Buyer from June of 2018 paid for an appraisal, her escrow fell out so she could not close at Appraisal Price $2,500,000. Appraisal Priced.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-10-16T00:28:23.583. 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.dscvrproperties.com/homes/76878740

    1111 N Strand Way Oceano, CA 93445

    • Price: $2,500,000
    • Status: Active
    • Updated: 94 min ago
    • 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: Appraised for $2,500,000! 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 Projected Income as Vacation Rentals: Unit A/$73,000, Unit B $76,000, Unit C $44,000 per year. Unit A is 1,638 sq ft, $4,000/month, Unit B is 1,820 sq ft, $3,750 per month; Unit C/$2,000 per month, 462 sq ft. Current Leases: $4,000/Unit A, 12 month lease; $3,750/Unit B, Leased until June of 2019; $2,000/Unit C, Leased until November 2020.Make offer. Trades and exchanges? Buyer from June of 2018 paid for an appraisal, her escrow fell out so she could not close at Appraisal Price $2,500,000. Appraisal Priced.
    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 98928 Electric Photovoltaics Seller Owned Electric Expense 10.86 Gross Scheduled Income 117000.00 Insurance Expense 4100.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry YN Yes Leasable Area Units Square Feet Maintenance Expense 300.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 98928.00 Number Of Units Leased 3 Operating Expense 18072.00 Property Sub Type Hotel/Motel Real Estate Tax Expense 11000.00 Security Features Carbon Monoxide Detector(S)Fire Sprinklers Special Listing Conditions Standard Total Expenses 18072.00 Trash Expense 1428.00 Utilities Cable AvailableCable ConnectedElectricity ConnectedNatural Gas ConnectedPhone 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 2018-10-16T00:28:23.583. 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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