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.
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 an estimated $100,000 in additional improvements, a buyer could complete the project and unlock significant value — though actual costs and returns will vary.
Comparable finished homes in this neighborhood trade at higher price points, giving experienced buyers the opportunity to capture strong equity. 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.
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.
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 an estimated $100,000 in additional improvements, a buyer could complete the project and unlock significant value — though actual costs and returns will vary.
Comparable finished homes in this neighborhood trade at higher price points, giving experienced buyers the opportunity to capture strong equity. 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
Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …
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Schools
School District:
Coast Unified
Interior
Accessibility Features
None
Appliances
Dishwasher, Gas Range, Ice Maker, Refrigerator, Self Cleaning Oven, Water Line to Refrigerator
Cooling
None
Fireplace Features
Living Room, Gas
Flooring
Concrete, Laminate, See Remarks, Tile
Heating
Wall Furnace
Interior Features
Ceiling Fan(s), Copper Plumbing Full, High Ceilings, Living Room Deck Attached, Recessed Lighting, Unfinished Walls
Window Features
Double Pane Windows, Skylight(s)
Exterior
Community Features
Biking, Dog Park, Fishing, Hiking, Park, Preserve/ Public Land
Electric
Standard
Fencing
Needs Repair, Wire, Wood
Foundation Details
Raised, Slab
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Features
Driveway, Gravel, Driveway Down Slope From Street
Parking Spots
2.00
Pool Features
None
Roof
Composition, Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
Hills, Neighborhood
Water Source
Public
Financial
Association Fee
0.00
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
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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