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$1,275,000
EST. MARKET VALUE
$1,299,000
SUMMARY
This Spacious Multi-Generational Property is a Strong Value Opportunity, listed at $1,275,000—positioned well below the $1,299,000 Fair Market Value by 1.85%. This valuation gap offers $24,000 in Instant Equity. Featuring a Condition Rating of 4, the home offers a blend of recent system upgrades and cosmetic potential. With a detached guest unit eligible for a vacation rental license and stunning Mountain Views, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking flexible living arrangements in the Coast Unified school district.
Estimated Market Value
$1,299,000
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 3 bd · 3 ba · 2,000 sqft · $650 | $1,275,000* List Price | 3 | 3 | 2,000 | $650 | - |
A 1965 Norwich Avenue Sold 3 bd · 3 ba · 1,629 sqft · $580 · 0.8 mi | $945,000 | 3 | 3 | 1,629 | $580 | 0.8 mi |
B 2140 Benson Sold 3 bd · 3 ba · 1,627 sqft · $768 · 1.0 mi | $1,250,000 | 3 | 3 | 1,627 | $768 | 1.0 mi |
C 629 Ardath Drive Sold 4 bd · 3 ba · 2,037 sqft · $636 · 1.0 mi | $1,295,000 | 4 | 3 | 2,037 | $636 | 1.0 mi |
D 1833 Ogden Drive Sold 3 bd · 4 ba · 1,654 sqft · $785 · 1.0 mi | $1,299,000 | 3 | 4 | 1,654 | $785 | 1.0 mi |
E 2770 Holden Active 3 bd · 3 ba · 2,060 sqft · $606 · 0.3 mi | $1,249,000 List Price | 3 | 3 | 2,060 | $606 | 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 held by the same owners for 40 years, the home is well-maintained but aesthetically dated. While key systems like the furnace and water heater are new, and a brand-new deck has been installed, the kitchen and bathrooms appear to be older than 20 years and will require cosmetic updates to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Income & Multi-Generational Potential
The property includes a detached guest unit over an oversized garage with a new deck and wet bar, which is eligible for a vacation rental license, providing excellent potential for rental income or flexible living arrangements.
- Prime Location & Views
Situated at the end of a quiet street in the Lodge Hill area, the home offers a peaceful setting with stunning views of the Santa Lucia Mountains and surrounding nature.
- Architectural Character & Recent Upgrades
The main house features charming wood tongue-and-groove beamed ceilings and has been recently improved with a new furnace, fresh interior paint, and a new hot water heater in the guest unit.
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 home may require further modernization of original systems and finishes beyond the recent cosmetic touch-ups to meet contemporary luxury standards.
- Limited Outdoor Space
With two separate structures occupying a 5,250-square-foot lot, the remaining yard space is relatively compact, which may be a drawback for buyers seeking expansive private grounds.
About 1475 Spencer Street
You've found your forever Country Home and Spacious 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 over an oversized garage now has a brand new deck and a new hot water heater! This extra living space affords total privacy, great for the kids, grandparents, visiting family or friends or could be a rental for added income or your business office? 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 interior paint touch ups 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 | 2.8 |
| Baths | 3.0 | 2.6 |
| Square foot | 2,000 | 1,650.2 |
| Lot Size | 5,250 | 5,332.8 |
| Price | $1.27M | $1.10M |
| Price per sq ft | $638 | $727 |
| Built year | 1979 | 1983 |
| HOA | $0 | $0 |
| Days on market | 51 | 60 |
Pricing History
Listed for Sale
Oct 10, 2026
$1,275,000
$1,299,000
-2% Price Drop
Initial Listing
Price Change
Sep 3, 2026
$1,299,000
Initial Listing