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.
New construction
Listed by: Invest SLO • Abel Contreras • Contact: 805-709-7143
$2,995,000
1111 Strand Way, Oceano, CA 93445
5beds
5baths
3,869sqft
Triplex
Built in 2016
-- sqft lot
$2,889,200 Zestimate®
$774/sqft
$-- HOA
What's special
- 2 days
- 142
- 5
Zillow last checked:
Listing updated:
Listed by:
Abel Contreras DRE #02062620 805-709-7143,
Invest SLO
Source: CRMLS,MLS#: PI26194623
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Rooms
- Room types: Bedroom, Entry/Foyer, Kitchen, Laundry, Loft, Living Room, Primary Bathroom, Primary Bedroom, Other
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: Multi-Level Bedroom
Bedroom
- Features: Bedroom on Main Level
Other
- Features: Walk-In Closet(s)
Heating
- Electric, Fireplace(s), Zoned
Cooling
- Electric, ENERGY STAR Qualified Equipment, Zoned
Appliances
- Included: Built-In Range, Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Disposal, Gas Oven, Gas Water Heater, Microwave, Range Hood, Tankless Water Heater, Vented Exhaust Fan, Water Heater
- Laundry: Inside
Features
- Furnished, High Ceilings, Open Floorplan, Storage, Two Story Ceilings, Wired for Sound, Bedroom on Main Level, Loft, Main Level Primary, Walk-In Closet(s)
- Flooring: Laminate, Vinyl
- Doors: ENERGY STAR Qualified Doors, Sliding Doors
- Windows: Double Pane Windows, ENERGY STAR Qualified Windows
- Has fireplace: Yes
- Fireplace features: Gas
- Furnished: Yes
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 3,869
- Total interior livable area: 3,869 sqft
Property
Parking
- Total spaces: 8
- Parking features: Asphalt, Door-Multi, Direct Access, Driveway, Garage, Garage Door Opener, Oversized, Paved, Private, Garage Faces Side
- Garage spaces: 4
- Uncovered spaces: 4
Accessibility
- Accessibility features: Parking, Accessible Doors
Features
- Levels: Two
- Stories: 2
- Entry location: Front Door
- Exterior features: Awning(s), Lighting, Rain Gutters
- Pool features: None
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
- Waterfront features: Across the Road Water Frontage, Beach Access, Beach Front, Ocean Access, Ocean Front, Ocean Side Of Freeway, Ocean Side Of Highway
Lot
- Size: 5,980 Square Feet
- Features: Lawn, Landscaped, Level, Rectangular Lot, Value In Land, Yard
Details
- Parcel number: 061011049
- Zoning: CR
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary,Custom
- Property subtype: Triplex
- Attached to another structure: Yes
Materials
- Block, Cement Siding, Glass, Concrete, Stucco, Steel
- Foundation: Slab
- Roof: Membrane,Synthetic
Condition
- Updated/Remodeled,Turnkey
- New construction: Yes
- Year built: 2016
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Green energy
- Energy efficient items: Construction, Windows, Appliances, Water Heater
- Energy generation: Solar
Community & HOA
Community
- Features: Preserve/Public Land
- Security: Security Lights
- Subdivision: Oceano(350)
Location
- Region: Oceano
Financial & listing details
- Price per square foot: $774/sqft
- Tax assessed value: $2,569,744
- Date on market: 9/4/2026
- Cumulative days on market: 3 days
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Contract,1031 Exchange,Owner May Carry,Submit
Estimated market value
$2,889,200
$2.74M - $3.03M
$3,419/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/4/2026 | Listed for sale | $2,995,000+28.7%$774/sqft |
Source:  CRMLS #PI26194623 Report a problem | ||
| 7/9/2020 | Sold | $2,327,500-15.4%$602/sqft |
Source:  CRMLS #SP20095208 Report a problem | ||
| 6/18/2020 | Pending sale | $2,750,000$711/sqft |
Source: California Regional MLS #SP20095208 Report a problem | ||
| 5/21/2020 | Listed for sale | $2,750,000+276.7%$711/sqft |
Source: California Regional MLS #SP20095208 Report a problem | ||
| 7/11/2019 | Sold | $730,000-70.8%$189/sqft |
Source: Public Record Report a problem | ||
| 11/1/2018 | Listed for sale | $2,500,000$646/sqft |
Source: Century 21 Hometown Realty VG #PI18258864 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $2,569,744 +2% |
| 2025 | $27,900 +3.4% | $2,519,358 +2% |
| 2024 | $26,981 +1.1% | $2,469,960 +2% |
| 2023 | $26,681 +1.5% | $2,421,531 +2% |
| 2022 | $26,292 +3.8% | $2,374,050 +2% |
| 2021 | $25,324 +6.9% | $2,327,500 +6.8% |
| 2020 | $23,691 +72.3% | $2,180,000 +74.5% |
| 2019 | $13,751 +1.2% | $1,249,507 +2% |
| 2018 | $13,586 | $1,225,008 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 93445
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