$3,500,000
Beds: 8
Baths: 5 full, 2 half
Sqft: 4,539
Sqft lot: 5,850
Acre lot: 0.13
17 Days On Market -

Courtesy of KW Coastal Estates, Monterey Peninsula Home Team 831-601-3284

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Status: Active
Property Type: Single Family Residence
Year Built: 1975
Days On Website: 17
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!

Features

Listing

  • Source: MLSListings
  • Listed on 2025-01-21 12: 26:35

Lot

  • Max Area: 5850.00
  • Max Area Units: Square Feet
  • Grade - Sloped Up
  • Views

Bedrooms

  • 8 bedrooms
  • More than One Primary Bedroom
  • Walk-in Closet

Bathrooms

  • 5 full bathrooms
  • 2 half bathrooms
  • Double Sinks
  • Showers over Tubs - 2+
  • Stall Shower - 2+

Location

  • County: Monterey

Building

  • Built in 1975
  • 4,539 square feet
  • 4,539 living square feet
  • Style: Contemporary
  • Building type: Detached

Accessibility Features

  • None

Dining Room

  • Dining Area in Living Room
  • Eat in Kitchen
  • Formal Dining Room

Family Room

  • No Family Room

Additional Rooms

  • Storage

Amenities

  • High Ceiling
  • Open Beam Ceiling
  • Skylight
  • Vaulted Ceiling
  • Walk-in Closet
  • Wet Bar

Fireplaces

  • 1 fireplace (minimum)
  • Living Room

Floors

  • Carpet
  • Concrete
  • Hardwood
  • Laminate
  • Tile

Foundation

  • Concrete Perimeter and Slab

Roof

  • Composition

Cooling

  • Ceiling Fan

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

Laundry

  • Coin Operated

Security Features

  • Secured Garage / Parking
  • Varies by Unit

Garage

  • 4 garage spaces
  • Attached Garage
  • On Street

Water Features

  • Private / Mutual

Heating

  • Central Forced Air

Utilities

  • Public Utilities

Sewer

  • Sewer - Public

Property

  • Bay
  • City Lights
  • Hills
  • Ocean
  • Water
  • Zoning: R3
  • Back Yard
  • Balcony / Patio
  • Deck
  • Dog Run / Kennel
  • Fenced
  • Low Maintenance
  • Horse property?: No

Schools

  • Elementary school district: Monterey Peninsula Unified
  • High school district: Monterey Peninsula Unified

Property Map

Map View

$3,500,000 - 457 Spencer St, Monterey, CA 93940

Street View

Directions

457 Spencer St
Monterey, CA 93940
County: Monterey

Nearby Schools

Local Sales

Photo of Melissa Chan

Melissa Chan

Realtor

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Listings last updated on February 7, 2025 5:04PM.