Building Details

Year Built 2016

Buildings 1

Listing Agency: Invest SLO

Listed By: Abel Contreras abel@investslo.com

Source: Mysandiegoareahomesearch

Added: Sep 3 Changed: Oct 15 Last Checked: Oct 20 at 10:20PM

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Investment Insights

Based on property information with market context.

Built in 2016, this oceanfront triplex contains two 2BR / 2BA townhome-style residences and one 1BR / 1BA residence. Each unit is furnished, separately metered for gas and electric, and equipped with LVP flooring, a gas fireplace, tankless water heater, ENERGY STAR systems, high ceilings, wall-to-wall windows, and a private balcony. The two larger residences include private 2-car garages. Owned rooftop solar is also installed, and the property has CR (Coastal Residential) zoning.

The property is located at 1111 Strand Way in Oceano, on the ocean side of Highway 1 and steps from the sand. Direct Pacific views extend from the residences, while Pismo Beach, San Luis Obispo, the SLO airport, and the wine country are within the stated surrounding area. An operating short-term rental history supports continued vacation use, while the three-unit layout also provides a basis for long-term rental or owner-occupancy arrangements described for the property.

Key Highlights

• 2016‑built oceanfront triplex at 1111 Strand Way in Oceano
• Unit mix includes two 2BR / 2BA residences and one 1BR / 1BA residence
• Two 2BR / 2BA units feature private 2‑car garages

Property Analytics

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Open Analytics

Lease Details

3

Residential units

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

242

Businesses Nearby

Explore this area Business Placement

Demographics for 93445, CA

7,040

Population

3,285

Households

2.1

Avg Household Size

40

Median Age

18%

College-Educated

79%

High-School Grad

17.0 sq mi

ZIP Area

414

Density / Sq Mi

$75,012

Median Household Income

$34,594

Median Earnings

$1,450

Median Rent

$538,200

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Triplex - Three coastal residences with private balconies, direct Pacific views, and an established short-term rental history.

Where is this triplex located?

The property is located at 1111 Strand Way Oceano, CA.

What is the asking price?

The asking price for this property is $2,995,000.

What are key features of this property?

This property features: 2016‑built oceanfront triplex at 1111 Strand Way in Oceano; Unit mix includes two 2BR / 2BA residences and one 1BR / 1BA residence; Two 2BR / 2BA units feature private 2‑car garages