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$3,500,000

Est. payment - /mo

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8 BD

6 BA

4,539 SqFt

Active

457 Spencer ST Monterey, CA 93940

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Xavier Williams

[email protected] +1(408) 774-4300

UPDATED:

01/21/2025 07:20 PM

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,539 sqft

Price per Sqft $771

MLS Listing ID ML81991130

Style Contemporary

Bedrooms 8

Full Baths 5

Half Baths 2

Originating Board MLSListings, Inc.

Year Built 1975

Lot Size 5,850 Sqft

Property Sub-Type Fourplex

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!

Location

State CA

County Monterey

Area New Monterey

Zoning R3

Rooms

Kitchen 220 Volt Outlet, Cooktop - Electric, Cooktop - Gas, Countertop - Granite, Countertop - Marble, Countertop - Solid Surface / Corian, Dishwasher, Exhaust Fan, Hood Over Range, Hookups - Gas, Microwave, Oven - Built-In, Oven - Double

Interior

Heating Central Forced Air

Cooling Ceiling Fan

Flooring Carpet, Concrete, Hardwood, Laminate, Tile

Laundry Coin Operated

Exterior

Parking Features Attached Garage, On Street

Utilities Available Public Utilities

View Bay, City Lights, Hills, Ocean, Water

Roof Type Composition

Building

Lot Description Grade - Sloped Up , Views

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public

Water Private / Mutual

Architectural Style Contemporary

Others

Tax ID 001-099-005-000

Special Listing Condition Not Applicable

Virtual Tour https://show.tours/457spencerst

Listed by Monterey Peninsula Home Team • KW Coastal Estates

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"It's your money, and you're going to be making the payments on your new home (not me). Let's take the time to find the right fit, for you, at your pace! "

+1(408) 774-4300

[email protected]

5450 Thornwood Dr Ste F, San Jose, California, 95123, USA