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.
MLS #
CRSC25167916
MLS Source
California Regional MLS
Days on Site
18
Appliances
Dishwasher, Ice Maker, Other, Oven - Self Cleaning, Oven Range - Gas, Refrigerator, Dryer, Washer
Dining Room
In Kitchen
Fireplace
Gas Burning, Living Room
Flooring
Laminate, Other
Laundry
Hookup - Gas Dryer, In Laundry Room, Other
Cooling
Ceiling Fan, None
Heating
Wall Furnace
Roof
Composition, Shingle
Foundation
Raised, Slab
Pool
None
Style
Cottage
Garage/Parking
Other, Garage: 0 Car(s)
Elementary District
Coast Unified
High School District
Coast Unified
Water
Other
HOA Fee
$0
Zoning
RSF
2260 Malvern St is a Single Family Residence in Cambria, CA 93428. This 1,318 square foot property sits on a 0.34 Acres Lot and features 2 bedrooms & 1 full and 1 partial bathrooms. It is currently priced at $699,000 and was built in 1954.
This address can also be written as 2260 Malvern St, Cambria, CA 93428.©2025 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of August 20, 2025. For the most current information, please contact Leslie Dougherty, (805) 423-2279