There is a nice campground with a path that lead me to this spot.  Even though the campground is on the inland or east side of the PCH, there is a path which goes under the highway for safe access.  The campground is called San Simeon Creek Campground, and lies right against the creek.

Don't plan on fishing there unless it's Steelhead season though.  Check out the regulations at http://www.dfg.ca.gov - my understanding of the current regulations for steelhead fishing in this area is: Dec 1st through Mar 7th, but only on Sat, Sun, Wed, legal holidays and opening and closing days. Only barbless hooks may be used and there is a zero bag limit.

The surf fishing was not productive for me at all.  The surf was smallish, but rough and the winds were harsh.  I pitched a number of different flies toward the underwater ridges created by the stream entering the ocean (estuary) and found only frustration.

The beach is clean and rather unpopulated (at least when I was there), but overall I didn't like the surf fishing experience.  I might however return for Steelhead season.