1475 Spencer Street, Cambria, California 93428, Cambria, 93428 - 3 bed, 3 bath
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1475 Spencer Street
Cambria, California 93428
ACTIVE
CONDITION: FAIR
3Beds
3Baths
2,000Sq Ft
5,250Lot Size
Property Price
LIST PRICE$1,299,000
EST. MARKET VALUE
$1,374,900
5% BelowMARKET VALUE
SUMMARY
This Hybrid Residential Asset represents a Strong Value Opportunity, listed at $1,299,000—positioned well below the $1,374,900 Fair Market Value by 5%. This valuation gap provides $75,900 in Instant Equity. With a Condition Rating of 4, the property features recent system updates but offers room for cosmetic modernization. The detached guest unit and vacation rental eligibility make this an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to offset costs through rental income while enjoying mountain views in the Coast Unified school district.
Estimated Market Value
$1,374,900+$75,900 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Cambria.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1475 Spencer Street Subject | $1,299,000* List Price | 3 | 3 | 2,000 | $687 | - |
A 2140 Benson Sold | $1,250,000 | 3 | 3 | 1,627 | $768 | 1.0 mi |
B 629 Ardath Drive Sold | $1,295,000 | 4 | 3 | 2,037 | $636 | 1.0 mi |
C 1833 Ogden Drive Sold | $1,299,000 | 3 | 4 | 1,654 | $785 | 1.0 mi |
D 2770 Holden Active | $1,395,000 List Price | 3 | 3 | 2,060 | $677 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1979 and well-maintained by long-term owners, the property features a dated kitchen with older wood cabinetry and tile countertops (>20 years old). While systems like the furnace and water heater are recently updated, the overall interior finishes and bathrooms require modernization to move beyond a dated aesthetic.
PROSSTRENGTHS & OPPORTUNITIES
- Income & Versatility
The detached guest unit above the garage offers excellent potential for multi-generational living or rental income, providing significant flexibility for the homeowner.
- Vacation Rental Potential
The property is eligible for a vacation rental license per SLO County, making it a highly attractive investment opportunity in a desirable coastal destination.
- Prime Location & Views
Situated at the end of a quiet street, the home offers exceptional privacy and serene views of the Santa Lucia Mountains and surrounding mature trees.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5250, other record lot size in square feet = 2625. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2000, other record living area = 1456. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Dated Infrastructure
Built in 1979, the property may require further modernization of core systems and finishes beyond the recent cosmetic updates to meet contemporary standards.
- Limited Outdoor Space
With two separate structures on a 5,250 sqft lot, the usable yard and garden space is relatively constrained compared to other rural-feel properties.
About 1475 Spencer Street
You've found your forever Country Home and Guest home at 1475 Spencer Street. Not seen on market in many years its time for these owners to relocate giving you an opportunity to live life to the fullest like these owners have for the past 40 years! Located at the end of Spencer St enjoy quiet country life with views of the Santa Lucia Mountains. Built in 1979 approx. 2000+-sf (house + guest unit) on a 50'x105' lot (5250sf). Outside there are places to sit and relax under shade trees while taking in nature. Inside the main house there's a good size living room with wood T&G beamed ceiling and a gas heater on a raised hearth, full kitchen with recessed lights & amply cabinet space, 2 bedrooms with the primary bedroom on second floor with either an office area (or possible 3rd bedroom) and a custom bathroom with large walk in closet, another full bathroom and inside laundry room. The detached guest unit sits above an oversize two car garage. This comfortable unit has a large living room, wall to wall carpet, a spacious bedroom & closet space, a full bath and a wet bar setup. New Furnace in main house, New HWH in guest unit, a new deck is coming off the Guest unit, new interior paint in main house. Here's your place to relax and enjoy for years to come. Per SLO county this home is eligible to obtain a vacation rental license. Don't wait..You're gonna love this home! Call your Realtor today.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 5,250 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Cambria Unified Schools
Cambria Grammar
Grades K-5 • 0.7 mi
4/10
Santa Lucia Middle School
Grades 6-8 • 1.2 mi
8/10
Coast Union High School
Grades 9-12 • 3.4 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.7 |
| Square foot | 2,000 | 1,745.026 |
| Lot Size | 5,250 | 5,271.538 |
| Price | $1.30M | $1.14M |
| Price per sq ft | $650 | $720 |
| Built year | 1979 | 1982 |
| HOA | $0 | $0 |
| Days on market | 6 | 56 |
Pricing History
Listed for Sale
Sep 3, 2026
$1,299,000
Initial Listing