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457 Spencer St

Monterey, CA 93940
  • $3,500,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: ML81991134
$3,500,000
  • 8
    BEDS
  • 0.13
    ACRES
  • 5
    BATHS
  • 2
    1/2 BATHS
  • 4,539
    SQFT
  • $771
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1975
County:
Area:

School Ratings & Info

Listing provided courtesy of Monterey Peninsula Home Team of KW Coastal Estates: 831-601-3284.

Description

Attention 1031 exchangers, investors or even second home searchers!!! Here is a rare opportunity to own a unique New Monterey 4 unit apartment complex with a spacious apx 1934 SF penthouse on top featuring expansive views of Monterey Bay and city lights. Also rare is the fact that all 4 units have been remodeled with updated flooring, countertops, stainless steel appliances, new windows, sliding glass doors, and paint inside and out. The penthouse boasts 3 bedrooms and 2.5 baths including a primary suite, open beam ceilings and a wall of windows facing the Monterey Bay. There is a fireplace in the roomy living room, plus a dedicated dining room, ample kitchen, a dedicated laundry room and an apx. 151 SF deck. Below is a roughly 913 SF 2 bed, 1 bath unit and an approximately 714 SF 1 bed, 1 bath unit, both with bay views. Lastly, is an apx 978 SF 2 bedroom, 1.5 bath, townhouse style unit with the living space below and the bedrooms above w/ a private backyard. In total there is over 4500 SF of living space! Other amenities include 4 car garage, a community laundry room, a large storage area, several decks and new insulated top of the line garage doors. What a great opportunity to keep one for yourself and rent the rest out!

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© 2025 MLSListings Inc. Based on information from MLSListings MLS as of 2025-02-13T23:52:16.803. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate Experts.

Licensed in the State of California.
Website powered by BoomTown.
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457 Spencer St Monterey, CA 93940

  • Price: $3,500,000
  • Status: Active
  • On Site: 23 Days
  • ID#: ML81991134
8
Beds
5
Baths
2
½ Baths
0.13
Acres
4,539
SQFT
$771
$/SQFT
1975
Built
Neighborhood:
New Monterey
County:
Monterey
Area:
New Monterey
Property Description
Attention 1031 exchangers, investors or even second home searchers!!! Here is a rare opportunity to own a unique New Monterey 4 unit apartment complex with a spacious apx 1934 SF penthouse on top featuring expansive views of Monterey Bay and city lights. Also rare is the fact that all 4 units have been remodeled with updated flooring, countertops, stainless steel appliances, new windows, sliding glass doors, and paint inside and out. The penthouse boasts 3 bedrooms and 2.5 baths including a primary suite, open beam ceilings and a wall of windows facing the Monterey Bay. There is a fireplace in the roomy living room, plus a dedicated dining room, ample kitchen, a dedicated laundry room and an apx. 151 SF deck. Below is a roughly 913 SF 2 bed, 1 bath unit and an approximately 714 SF 1 bed, 1 bath unit, both with bay views. Lastly, is an apx 978 SF 2 bedroom, 1.5 bath, townhouse style unit with the living space below and the bedrooms above w/ a private backyard. In total there is over 4500 SF of living space! Other amenities include 4 car garage, a community laundry room, a large storage area, several decks and new insulated top of the line garage doors. What a great opportunity to keep one for yourself and rent the rest out!
Exterior Features

Building Type Detached Carport Spaces 0 Construction Type Wood Frame Foundation Concrete Perimeter and Slab Garage Max Spaces 4 Garage Min Spaces 4 Garage Parking Attached GarageOn Street Lot Description Grade - Sloped UpViews Parking Spaces 0 Pool YN No Roof Composition Style Contemporary View BayCity LightsHillsOceanWater Yard Grounds Back YardBalcony / PatioDeckDog Run / KennelFencedLow Maintenance

Interior Features

Additional Rooms Storage Bathroom Double SinksShowers over Tubs - 2+Stall Shower - 2+ Bedrooms More than One Primary BedroomWalk-in Closet Cooling Ceiling Fan Dining Room Dining Area in Living RoomEat in KitchenFormal Dining Room Family Room No Family Room Fireplace Yn Yes Fireplaces Living Room Flooring CarpetConcreteHardwoodLaminateTile Heating Central Forced Air Kitchen Features 220 Volt OutletCooktop - ElectricCooktop - GasCountertop - GraniteCountertop - MarbleCountertop - Solid Surface / CorianDishwasherExhaust FanHood Over RangeHookups - GasMicrowaveOven - Built-InOven - Double Laundry Coin Operated Structure Sq Ft 4539

Property Features

Accessibility Features None Additional Listing Info Not Applicable Amenities High CeilingOpen Beam CeilingSkylightVaulted CeilingWalk-in ClosetWet Bar City Limits Yes City Name MONTEREY Cross Street Drake Ave Energy Saving Features Low Flow ShowerLow Flow ToiletSkylight Hoa YN No Horse Property YN No Incorporated No Lot Size Area Maximum 5850.00 Property Sub Type Single Family Home Security Features Secured Garage / ParkingVaries by Unit Sewer Septic Sewer - Public Sq Ft Source Other Utilities Public Utilities Water Private / Mutual Zoning R3

Listing provided courtesy of Monterey Peninsula Home Team of KW Coastal Estates: 831-601-3284.



© 2025 MLSListings Inc. Based on information from MLSListings MLS as of 2025-02-13T23:52:16.803. Data is updated hourly. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate Experts.

Licensed in the State of California.
Website powered by BoomTown.
 
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910 E. Hamilton Ave, Ste. 130
Campbell CA, 95008

Listing provided courtesy of Monterey Peninsula Home Team of KW Coastal Estates: 831-601-3284.