1550 Main St, Cambria, California 93428, Cambria, 93428 - 7 bed, 6 bath

1550 Main St
Cambria, California 93428
Property Price
SUMMARY
Analysis of 1550 Main St, Cambria, California 93428 reveals a Fairly Priced Property with a current list price of $1,875,000 aligned with the estimated $1,831,012 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Cambria Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1550 Main St Subject | $1,875,000* List Price | 7 | 6 | 3,319 | $552 | - |
A 2146 Cowper Street Sold | $1,800,000 | 6 | 5 | 3,400 | $529 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The primary residence has undergone an extensive recent remodel featuring a modern open-concept kitchen with quartz countertops, new cabinetry, and updated bathrooms. While the main house interior meets excellent standards, the overall property score is adjusted to good because the secondary front house remains in its original condition and the 1965 structure has not been fully renovated across both units.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 40009, living area = 3319.
- Dual-Residence Income Potential
The property features two separate single-family homes with independent utility meters and eligibility for a Vacation Rental License, offering exceptional flexibility for rental income or multi-generational living.
- Expansive & Versatile Lot
Spanning nearly an acre in downtown Cambria, the oversized lot provides rare seclusion, a large turnaround driveway for RV/boat parking, and the potential for a future lot split.
CONSRISKS & DEFICIENCIES
- Topographical & Environmental Risks
The property's position below street level and its proximity to Santa Rosa Creek may present drainage challenges or require additional flood insurance considerations.
- Inconsistent Property Condition
While the back house is fully updated, the front house is described as original, likely requiring further capital investment to modernize and match the quality of the primary residence.
About 1550 Main St
This property is truly a rare find! Nestled in Cambria’s charming downtown, this unique offering includes two single-family homes with two separate residential water meters. The larger home at the back, is a 2,287 square foot home with an open concept that was recently remodeled. The spacious living room flows into a formal dining area, a big kitchen with new cabinets, quartz countertops and featuring a big kitchen island perfect for entertainment. There is also a convenient half-bath off to the living room. A few steps down, you'll find a cozy bedroom, a three-quarter bath, a laundry room, and two expansive one-car garages. Behind the garages, enjoy a private enclosed sunroom—a perfect spot to unwind. Upstairs, the oversized primary bedroom features its own recently remodeled full bath, along with two more large bedrooms and a shared bathroom. The second home a charming 1,032 square foot original front house has been thoughtfully transformed into a 3-bedroom, 1-bath home, complete with a cozy living room, kitchen, and a convenient washer/dryer space. The tenants of 30 years have also created a small private studio with a three-quarter bath. Despite its prime Main Street location, the property is wonderfully secluded, thanks to the retaining wall, lush greenery, and its position below street level. Santa Rosa Creek runs along the back, with a corner of the property extending across the creek into the CCSD yard. Parking is a breeze with a large turnaround driveway—perfect for hosting an RV, boat, or any other toys you might have. And for those who love fresh fruit, you’ll find a variety of fruit trees scattered throughout the property. This one-of-a-kind .92-acre property offers limitless potential! With two separate meters for electricity, gas, and water, there’s also the possibility of splitting the properties—check with SLO County for details. Property is also currently eligible for a Vacation Rental License! Don’t miss out on this incredible opportunity!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- 40,009 Sq. Ft.
Interior
- Total Bedrooms
- 7
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 98% |
| Baths | 6.0 | 2.0 | 98% |
| Square foot | 3,319 | 1,528 | 96% |
| Lot Size | 40,009 | 5,850 | 98% |
| Price | $1.88M | $940.0K | 92% |
| Price per sq ft | $565 | $649 | 28% |
| Built year | 1965 | 1983 | 17% |
| HOA | $0 | $0 | 50% |
| Days on market | 120 | 196 | 19% |
Pricing History
Listed for Sale
Nov 7, 2025
$1,875,000
Initial Listing
Sold
Jun 17, 2024
$1,505,000
Public Record








