2260 Malvern Street Open House Save Request In-Person Tour Request Virtual Tour
Cambria,CA 93428
OPEN HOUSE
Fri Aug 22, 1:30pm - 4:30pm
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,318 sqft
Price per Sqft $530
MLS Listing ID CRSC25167916
Bedrooms 2
Year Built 1954
Lot Size 0.340 Acres
Property Sub-Type Detached
Property Description
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.
Location
State CA
County San Luis Obispo
Interior
Heating Wall Furnace
Cooling Ceiling Fan(s),None
Flooring Concrete,Laminate,Tile,See Remarks
Fireplaces Type Gas,Living Room
Laundry Dryer,Gas Dryer Hookup,Laundry Room,Washer,Other,Inside
Exterior
Pool None
Amenities Available Dog Park
View Hills,Other
Building
Story 1
Foundation Raised,Slab
Water Public
Schools
School District Coast Unified