Preheat the oven to 350°F.
Place a cast-iron or oven-safe nonstick skillet over medium-high heat. Once the pan is hot, add the tri-tip (discarding the marinade) and cook, undisturbed, until it naturally releases from the skillet, 3 to 5 minutes. Flip the tri-tip once then transfer the skillet into the oven.
Cook the tri-tip in the oven for about 8 minutes per pound until it reaches your desired level of doneness. Remove the tri-tip from the oven when it reaches an internal temperature of 130°F for medium-rare, 140°F for medium and 150°F for medium-well. (The tri-tip internal temperature will rise about 10°F while it rests.)
Transfer the tri-tip onto a cutting board, tent it with foil, and let it rest for 10 minutes before slicing and serving.