Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Chelsea Ln Cambria, CA 93428

    Sponsored
    For Sale
    $549,000

    Water Position With Land - Cambria, CA

    Lot size:
    14,950.00 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 5 at 4:06 am

    Property Features for Chelsea Ln

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RMF
    APN
    013371021
    Exterior features
    Community Features Included: Biking, Hiking, Rural
    Lot size
    14,950.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jack Posemsky

    Jack Posemsky Real Estate (805) 927-4777

    Listing agent Jack Posemsky (805) 927-4777 License #01184353

    Listing date Feb 4, 2026

    MLS# SC26026125 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Ocean View Land in Cambria

    Located on Chelsea Lane in Leimert Estates, this property offers panoramic ocean views. It is a multi-family lot, specifically #'s 2 & 3 on the CCSD multi-family water wait list. The zoning allows for a future duplex or a house with a guest unit. Situated in one of Cambria's premier neighborhoods, this 0.3432-acre lot presents a rare opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Cambria
    County
    San Luis Obispo
    State
    California
    Longitude
    -121.108437
    Latitude
    35.572532

    Nearby Similar for Sale

    • $2,350,000
      3,857 SF

      Historic Cambria Bed & Breakfast

      Iconic inn with nine guest rooms on over half acre.
      2476 Main St, Cambria, CA 93428
      View Details
    • $2,350,000
      3,857 SF

      Historic Cambria Bed & Breakfast

      Iconic bed and breakfast in the heart of Cambria.
      2476 Main St, Cambria, CA 93428
      View Details
    • $1,600,000
      6,473 SF

      Cambria Commercial Property For Sale

      Fully occupied commercial property in a high-visibility Cambria location.
      2380 Main St, Cambria, CA 93428
      View Details
    • $3,900,000
      9,802 SF

      Coastal Property with Restaurant and Residence

      Unique Cambria property with restaurant, residence, and ocean views.
      7432 Exotic Garden Dr, Cambria, CA 93428
      View Details
    • $2,900,000
      2,092 SF

      Former Air Force Station

      Unique 34-acre site with redevelopment potential in Cambria, CA.
      202 Monte Cristo Pl, Cambria, CA 93428
      View Details
    • $1,600,000

      Cambria Commercial Property For Sale

      Fully occupied commercial property in Cambria's bustling retail district.
      2380 Main St, Cambria, CA 93428
      View Details
    • $669,000

      Turnkey Manufactured Home in Cambria

      Like-new 2BR, 2BA manufactured home in 55+ community.
      1460 Main St, Cambria, CA 93428
      View Details
    • $369,500

      Cambria Mobile Home for Sale

      2006 Silvercrest 3/2 double wide mobile home for sale.
      1226 Main St, Cambria, CA 93428
      View Details
    • $569,000

      Cambria Specialty Property For Sale

      Specialty property available for purchase in Cambria, California.
      1460 Main 119, Cambria, CA 93428
      View Details
    • $669,000

      Cambria Specialty Property For Sale

      Specialty property available in Cambria, California.
      1460 Main 118, Cambria, CA 93428
      View Details
    • $1,350,000
      3,048 SF

      Cambria Mixed-Use Investment Opportunity

      Prime location, retail & residence. High rental potential.
      783 Main St, Cambria, CA 93428
      View Details
    • $599,000
      1,329 SF

      Cambria Retail Building - Prime Location

      High-traffic retail space, excellent income.
      727 Main St, Cambria, CA 93428
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Multi-family lot with panoramic ocean views in Leimert Estates.
    Where is this residential land & home lot located?
    The property is located at Chelsea Ln Cambria, CA.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: - Panoramic Ocean Views; - Multi-family lot zoned for duplex or house & guest unit; - Rare opportunity in premier Cambria neighborhood (Leimert Estates)
    (805) 927-4777
    Request Owner's contact information
    Chelsea Ln Cambria, CA 93428
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Chelsea Ln
    Cambria, CA 93428
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Chelsea Ln Cambria, CA 93428
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jack Posemsky
    Real Estate License ID: 01184353
    (805) 927-4777
    Learn more
    Google sign-in failed. Please try again or use another login method.