(Main building historic house (circa 1875) with three units, library, living quarters, kitchen, dining room, second building (circa (1975) with eight huge units (each unit 700 sq. ft. plus).
In the heart of Cambria, a tourist coastal quaint town five miles from Hearst Castle and fifteen miles from the Paso Robles wine country, one mile from the ocean.
Purchased about twelve years ago, the wife of the couple who purchased it had her dream fulfilled: owning a B&B along the coast of California. Doing extremely well and then two years ago she died. Husband has not been able to operate the inn successfully. Income has dropped dramatically. Huge potential for immediate turn-a-round.
Death of one of the owners.
All cash, prefer short escrow and diligence period. Strength of buyer and good terms will influence price.