We stayed in a charming ocean view studio/cottage across from Moonstone beach for a few nights in December. The rooms are located across two adjacent properties - you will either stay in the site where the lobby is located or need to take a very short drive to the property next door.
Our room was spacious and well-appointed. I enjoyed the coastal Californian decor and thoughtful touches, like a basket of Erewhon snacks for purchase, a retro Smeg mini-fridge, the cozy electric fireplace, and the Aesop toiletries. The hotel charged $17/night (plus taxes) for a breakfast basket with fresh orange juice, local coffee, and pastries (delivered to your room in the mornings), WiFi, overnight parking, and bike rentals. We didn't rent the bikes, but there was a fleet of cute beach cruisers on site.
The area is quiet and sleepy, even during the holiday season. The beachfront hotels in Cambria are mostly all located along a dark stretch of road, a mile away from the downtown area. The roads are not well illuminated at night, so be careful walking or driving after the sun goes down.
Overall, we really enjoyed our stay - it was a relaxing getaway from the hustle and bustle of city life. The only reason I am not giving them 5 stars is because the Orbitz booking site said breakfast for our specific room was included, but I still had to pay the extra amenity fee and taxes during check-in.