Listed by Abel Contreras•DRE #02062620• Invest SLO
Contact: 805-709-7143
For sale
$2,995,000
Est. $19,234/mo —
5
bd
•
5 ba
•
3,869
sq ft
1111 Strand Way, Oceano, CA 93445
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About this home
A 2016-built oceanfront triplex on Oceano's most coveted street -- Wake up to whitewater. 1111 Strand Way is a rare, purpose-built 2016 triplex on the ocean side of Highway 1 in Oceano — the block where morning light comes in off the Pacific and the dunes roll straight to your balcony rail. Newer-construction multi-family assets with direct Pacific views, CR (Coastal Residential) zoning, and an operating short-term rental history almost never come to market on the Central Coast. Unit mix: Two 2BR / 2BA townhome-style residences with private 2-car garages, and a 1BR / 1BA retreat — all three fully furnished and separately metered for gas and electric. LVP flooring throughout, gas fireplaces, tankless water heaters, ENERGY STAR systems, wall-to-wall windows, high ceilings, and private balconies off every unit. Owned rooftop solar keeps operating costs low and guest reviews high. Flex play: Continue as a professionally managed vacation compound (short-term income history in supplements), convert to long-term coastal rentals, or owner-occupy one unit and let the other two service the debt. Turnkey, furnished, solar-owned — with the same view the single-family homes on this street pay $4M+. Location: Strand Way is the most desirable street in Oceano. Steps to the sand, minutes to Pismo Beach, and a short drive to San Luis Obispo, the SLO airport, and the wine country.
Ocean-side of Highway 1 with ocean access and beach access
Preserve/public land nearby
No pool
Home design
Attached property
Two stories
Turnkey and updated/remodeled condition
Has view
Entry level 1
Subdivision: Oceano (STRAND WAY - OCEAN FRONT)
Zoning: CR
Parking
Four garage spaces (side-entry, two-door garage with door opener)
Uncovered parking for 4
Driveway (asphalt, paved)
Private oversized garage with direct garage access
Total parking for 8 vehicles
Security
Security lights
Construction
Built with cement board, concrete, stucco, block, glass and steel
Membrane/synthetic roof
Concrete slab foundation
Year built per assessor
Utilities
Solar energy generation
Energy-efficient construction, appliances and windows
Standard electric service
Natural gas connected
Public/district water
Public sewer
Sewer connected, electricity connected, water connected
HOA & community
Preserve/public land nearby
Financial info
Three-unit property (total of 3 units)
Separate meters: 1 water meter, 3 gas meters, 3 electric meters
Total building area 3,869
Most units furnished; all three units include range and refrigerator; all three units have dishwasher and disposal; three units have patios and drapes; three units have carpet
Wall AC in 3 units
Other
No accessory dwelling unit (ADU)
Electricity and solar
View estimated energy costs and solar savings for this home
Walk onto the beach! One of a kind opportunity to own a triplex with commercial zoning on the sand of Oceano dunes and beach. Ocean views, walk out the front door and onto the beach! Built in 2016, this property boasts granite countertops, vaulted ceilings, laminate flooring, soundproofing, outdoor decks, master suites, fireplaces and open concept floor plans. Unit mix consists of 1/1, 2/2, and 2/2 with additional loft. Currently units are standard rentals but could be converted to vacation rentals. Live in one and rent out the others. Seller will guarantee rents for 1 year, this is a great opportunity to ensure a return on investment.
SDMLS #301761985
Jul 10, 2019
Sold
$2,180,000
$563/sq ft
Jun 13, 2019
Listed
$2,500,000
$646/sq ft
CRMLS #SC19140448
Jul 10, 2019
Sold
$2,180,000
$563/sq ft
Jul 10, 2019
Sold
$2,180,000
$563/sq ft
Jun 13, 2019
Listed
$2,500,000
$646/sq ft
Jun 13, 2019
Listed
$2,500,000
$646/sq ft
SDMLS #301748534
Dec 10, 2018
Listing Removed
—
Oct 25, 2018
Listed
$2,500,000
$646/sq ft
CRMLS #PI18258864
Dec 10, 2018
Listing Removed
—
Oct 25, 2018
Listed
$2,500,000
$646/sq ft
CRMLS #SC17216318
Oct 24, 2018
Listing Removed
—
Sep 12, 2018
Price Changed
$2,500,000
$646/sq ft
Sep 12, 2018
Price Changed
$2,700,000
$698/sq ft
Aug 14, 2018
Price Changed
$2,500,000
$646/sq ft
Aug 11, 2018
Price Changed
$2,100,000
$543/sq ft
Aug 1, 2018
Price Changed
$2,500,000
$646/sq ft
Jul 26, 2018
Price Changed
$2,195,000
$567/sq ft
May 31, 2018
Price Changed
$2,500,000
$646/sq ft
May 31, 2018
Price Changed
$2,750,000
$711/sq ft
May 19, 2018
Price Changed
$2,175,000
$562/sq ft
May 3, 2018
Price Changed
$2,500,000
$646/sq ft
May 2, 2018
Price Changed
$2,150,000
$556/sq ft
Mar 26, 2018
Price Changed
$2,300,000
$594/sq ft
Mar 24, 2018
Price Changed
$2,350,000
$607/sq ft
Feb 14, 2018
Price Changed
$2,750,000
$711/sq ft
Feb 6, 2018
Price Changed
$2,300,000
$594/sq ft
Jan 9, 2018
Price Changed
$2,750,000
$711/sq ft
Nov 27, 2017
Price Changed
$2,500,000
$646/sq ft
Nov 22, 2017
Price Changed
$2,160,000
$558/sq ft
Nov 17, 2017
Price Changed
$2,500,000
$646/sq ft
Nov 9, 2017
Price Changed
$2,750,000
$711/sq ft
Nov 9, 2017
Price Changed
$2,900,000
$750/sq ft
Nov 7, 2017
Price Changed
$2,250,000
$582/sq ft
Nov 2, 2017
Price Changed
$2,750,000
$711/sq ft
Nov 2, 2017
Price Changed
$2,900,000
$750/sq ft
Nov 2, 2017
Relisted
—
Nov 2, 2017
Price Changed
$2,750,000
$711/sq ft
Oct 26, 2017
Contingent
—
Oct 14, 2017
Price Changed
$2,500,000
$646/sq ft
Oct 14, 2017
Price Changed
$2,520,000
$651/sq ft
Oct 11, 2017
Price Changed
$2,220,000
$574/sq ft
Oct 10, 2017
Price Changed
$2,300,000
$594/sq ft
Oct 10, 2017
Price Changed
$2,340,000
$605/sq ft
Oct 8, 2017
Price Changed
$2,360,000
$610/sq ft
Oct 6, 2017
Price Changed
$2,500,000
$646/sq ft
Sep 26, 2017
Price Changed
$2,750,000
$711/sq ft
Sep 26, 2017
Price Changed
$2,900,000
$750/sq ft
Sep 25, 2017
Price Changed
$2,375,000
$614/sq ft
Sep 19, 2017
Listed
$2,500,000
$646/sq ft
SDMLS #301728180
Oct 24, 2018
Listing Removed
—
Sep 19, 2017
Listed
$2,500,000
$646/sq ft
CRMLS #SC1072363
Sep 18, 2017
Relisted
—
Sep 1, 2017
Listing Removed
—
Jun 21, 2017
Contingent
—
Jun 21, 2017
Price Changed
$2,900,000
$750/sq ft
Jun 15, 2017
Price Changed
$2,750,000
$711/sq ft
Jun 6, 2017
Price Changed
$2,200,000
$569/sq ft
Jun 5, 2017
Price Changed
$2,221,500
$574/sq ft
Jun 2, 2017
Price Changed
$2,224,999
$575/sq ft
May 31, 2017
Price Changed
$2,225,000
$575/sq ft
May 21, 2017
Price Changed
$2,265,000
$585/sq ft
May 20, 2017
Price Changed
$2,300,000
$594/sq ft
May 18, 2017
Price Changed
$2,335,000
$604/sq ft
May 12, 2017
Price Changed
$2,600,000
$672/sq ft
May 5, 2017
Price Changed
$2,385,000
$616/sq ft
May 4, 2017
Price Changed
$2,600,000
$672/sq ft
Apr 21, 2017
Price Changed
$2,465,000
$637/sq ft
Mar 16, 2017
Listed
$2,750,000
$711/sq ft
SDMLS #301739760
Sep 1, 2017
Listing Removed
—
Nov 1, 2016
Listed
$2,900,000
$750/sq ft
NSBCRMLS #1051871
Apr 6, 2017
Listing Removed
—
NSBCRMLS #1072363
Apr 6, 2017
Listing Removed
—
Nov 1, 2016
Listed
$2,750,000
$711/sq ft
NSBCRMLS #1069944
Apr 6, 2017
Listing Removed
—
Aug 6, 2016
Listed
$2,750,000
$711/sq ft
NSBCRMLS #1067834
Apr 6, 2017
Listing Removed
—
Jun 9, 2016
Listed
$2,700,000
$698/sq ft
TheMLS #16-166140
Nov 1, 2016
Delisted
—
Sep 27, 2016
Listed
*
SDMLS #301721798
Aug 31, 2016
Listing Removed
—
Aug 6, 2016
Listed
$2,750,000
$711/sq ft
CRMLS #SC1069944
Aug 31, 2016
Listing Removed
—
Aug 6, 2016
Listed
$2,750,000
$711/sq ft
SDMLS #301718799
Jun 13, 2016
Listing Removed
—
Jun 9, 2016
Listed
$2,700,000
$698/sq ft
CRMLS #SC1067834
Jun 13, 2016
Listing Removed
—
Jun 9, 2016
Listed
$2,700,000
$698/sq ft
SDMLS #301709300
May 26, 2016
Listing Removed
—
CRMLS #SC1063338
May 26, 2016
Listing Removed
—
Feb 11, 2016
Listed
$2,750,000
$711/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$27,900 (+3.4%)
$1,076,477 + $1,493,267
$2,569,744
2024
$26,981 (+1.1%)
$1,055,370 + $1,463,988
$2,519,358
2023
$26,681 (+1.5%)
$1,034,677 + $1,435,283
$2,469,960
2022
$26,292 (+3.8%)
$1,014,390 + $1,407,141
$2,421,531
2021
$25,324 (+6.9%)
$994,500 + $1,379,550
$2,374,050
2020
$23,691 (+72.3%)
$975,000 + $1,352,500
$2,327,500
2019
$13,751 (+1.2%)
$900,000 + $1,280,000
$2,180,000
2018
$13,586
$257,278 + $992,229
$1,249,507
Public record
Public record
Permits
Beds
7
Baths
6
Stories
2
Lot width
—
Lot depth
—
Lot size
5,980 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,869
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,869
Year built
2016
Style
Multi-Family (2-4 Unit)
County
San Luis Obispo County
APN
061-011-049
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 17, 2026.
Feb 1, 2017 • Final
Pmtc - commercial permit - renewable energy
Electrical
Solar
Jan 19, 2016 • Final
Commercial - new structure
Grading
New construction
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
4/10 Heat Factor
4 days above 80° expected this year, 10 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
9 unhealthy days expected this year, 10 days in 30 years
Provided by First Street
Historical weather
Oceano, CA • 93445
Average low and high temperatures (°F)
65
45
67
49
67
50
65
50
65
51
65
53
64
55
68
54
69
56
69
53
65
48
66
48
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 10.5 hours in
June and 5 hours in December, placing it above the
U.S. average for solar exposure.
10.5 hrs
5 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1111 Strand Way
$3,000,325
$5,325 over list price of $3.00M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $879K to $1.3M.