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

1550 Main St, Cambria, California 93428 home-pic-0

1550 Main St

Cambria, California 93428

ACTIVE
CONDITION: GOOD
7Beds
6Baths
3,319Sq Ft
40,009Lot Size

Property Price

LIST PRICE$1,875,000
EST. MARKET VALUE
$1,831,012

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

$1,831,012
Based on Realkey algorithm analyzing recent comparable sales in Cambria.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1550 Main St
Subject
$1,875,000*
List Price
763,319$552-
A
2146 Cowper Street
Sold
$1,800,000653,400$5290.9 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds7.03.0
98%
Baths6.02.0
98%
Square foot3,3191,528
96%
Lot Size40,0095,850
98%
Price$1.88M$940.0K
92%
Price per sq ft$565$649
28%
Built year19651983
17%
HOA$0$0
50%
Days on market120196
19%

Pricing History

Listed for Sale

Nov 7, 2025

$1,875,000

Initial Listing

Sold

Jun 17, 2024

$1,505,000

Public Record

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