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
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
Lodge Hill430
Neighborhood:
cambcambria
Listed Date:
Jul 31, 2025
Finished Sq Ft:
1,318
Lot Size:
14,815 sqft / 0.34 acres (approx)
Year Built:
1954
See this Listing
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
- NeighborhoodCAMB – Cambria
- SubdivisionLodge Hill(430)
- CityCambria
- CountySan Luis Obispo
- Zip Code93428
Market Summary
Current real estate data for Single Family in Cambria as of Sep 02, 2025
54
Single Family Listed
127
Avg DOM
927
Avg $ / SqFt
$1,590,172
Avg List Price
Property Summary
- Located in the Lodge Hill(430) subdivision, 2260 Malvern Street Cambria CA is a Single Family for sale in Cambria, CA, 93428. It is listed for $699,000 and features 2 beds, 2 baths, and has approximately 1,318 square feet of living space, and was originally constructed in 1954. The current price per square foot is $530. The average price per square foot for Single Family listings in Cambria is $927. The average listing price for Single Family in Cambria is $1,590,172. To schedule a showing of MLS#sc25167916 at 2260 Malvern Street in Cambria, CA, contact your Outland and Associates Real Estate agent at 8054813939.
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