2260 Malvern StreetCambria, CA 93428Sale Price: $699,000

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. Much of the heavy lifting has already been completed, including new copper plumbing, updated electrical, structural bracing, insulation, drywall, subfloor work, and a bathroom with improvements already underway. 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.