Equity Opportunity – Licensed Vacation Rental with Big Upside! A rare chance to own a double-parcel property in Cambria’s restricted building market, this licensed vacation rental offers income potential and long-term upside. The oversized lot provides additional outdoor space, while the setting captures views of the Santa Lucia Hills and frequent visits from local wildlife. With great curb appeal, two detached sheds (one with a "tiny home" look), and a cottage-style presence, the property blends opportunity with authentic Cambria charm.
Most of the heavy lifting is complete: new copper plumbing throughout, updated electrical, added insulation, new sheetrock, and behind-the-walls structural upgrades on the bedroom side. What remains are interior finishes and pest/dry rot repairs (approx. $17K), along with a roof quote (approx. $17K). With further investment in finishes, buyers can unlock significant equity — comparable homes in this neighborhood trade at substantially higher price points.
Whether held as a vacation rental, finished for resale, or enjoyed as a long-term residence, the upside is undeniable. This is a fantastic opportunity for the buyer who understands renovations and is ready to capture the reward of finishing a property already well on its way.
Most of the heavy lifting is complete: new copper plumbing throughout, updated electrical, added insulation, new sheetrock, and behind-the-walls structural upgrades on the bedroom side. What remains are interior finishes and pest/dry rot repairs (approx. $17K), along with a roof quote (approx. $17K). With further investment in finishes, buyers can unlock significant equity — comparable homes in this neighborhood trade at substantially higher price points.
Whether held as a vacation rental, finished for resale, or enjoyed as a long-term residence, the upside is undeniable. This is a fantastic opportunity for the buyer who understands renovations and is ready to capture the reward of finishing a property already well on its way.
Property Details
Price:
$699,000
MLS #:
SC25167916
Status:
Active
Beds:
2
Baths:
2
Address:
2260 Malvern Street
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Lodge Hill430
Neighborhood:
cambcambria
City:
Cambria
Listed Date:
Jul 31, 2025
State:
CA
Finished Sq Ft:
1,318
ZIP:
93428
Lot Size:
14,815 sqft / 0.34 acres (approx)
Year Built:
1954
See this Listing
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
More About JamesMortgage Calculator
Schools
School District:
Coast Unified
Interior
Appliances
Dishwasher, Gas Range, Ice Maker, Refrigerator, Self Cleaning Oven, Water Line to Refrigerator
Bathrooms
1 Three Quarter Bathroom, 1 Half Bathroom
Cooling
None
Flooring
Concrete, Laminate, See Remarks, Tile
Heating
Wall Furnace
Laundry Features
Dryer Included, Gas Dryer Hookup, Individual Room, Inside, Washer Hookup, Washer Included
Exterior
Architectural Style
Cottage
Community Features
Biking, Dog Park, Fishing, Hiking, Park, Preserve/ Public Land
Construction Materials
Frame, Redwood Siding, Wood Siding
Other Structures
Shed(s)
Parking Features
Driveway, Gravel, Driveway Down Slope From Street
Parking Spots
2.00
Roof
Composition, Shingle
Financial
Map
Community
- Address2260 Malvern Street Cambria CA
- AreaCAMB – Cambria
- SubdivisionLodge Hill(430)
- CityCambria
- CountySan Luis Obispo
- Zip Code93428
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Courtesy of Central Coast Sotheby’s International Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Outland and Associates Real Estate include the name of the listing broker. Neither the listing company nor Outland and Associates Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.2260 Malvern Street
Cambria, CA
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