Text: Its history as an off-beat artists' colony during the 1950s and 1960s earned it the nickname SoHo by the Sea, but today it is surrounded by wealthy homes perched along the hillsides and canyons.
Entailment: There are a number of homes owned by wealthy people located along the hillsides.
Contradiction: It doesn't have a history as an off-beat artists' colony at any point.