1111 N Strand Way
Oceano, CA 93445

$2,175,000

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 $1,424,000 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 Leased: $3,500/Unit A 1,638 sq ft; $3,450/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!

Details

MLS#SC17216326
StyleHospitality
Sub-TypeResale
StatusActive
Year2016
Days On Site250

Features

SQ Feet3,920
Story(s)2
Units3
ZoningCommercial

Market Activity 93445

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Area Information

StateCA
CountySan Luis Obispo
CityOceano
Zip Code93445
AreaOCNO - Oceano
Listing VS Median (in 93445)
Price:
$2,175,000
low | high
Med:
$507,000
100% of Average
SqFt:
3,920
low | high
Med:
1,384
100% of Average
$ / SqFt:
$555
low | high
Med:
$384
80.761633746234% of Average
On Site:
250
low | high
Med:
30
100% of Average
Nearby Listings (Within 1/10 mile)
Price: $1.631M - $2.718M
SqFt: 2,500 - 4,500
Listing Updated: 05/26/2018
MLS Number: SC17216326
Listing Provided By:
John Madrid  of  John Madrid Broker
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