457 Spencer Street

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!

Days on Market

3 days

Current Status

Active

Original Price

$3,500,000

List Price

$3,500,000

On Market Date

Jan 21, 2025

Property Type

Single Family Home

Area

110 - New Monterey

Zip Code

93940

MLS ID

ML81991134

APN

001-099-005-B

Year Built

1975

Stories in Building

3

Possession

Tenant Rights

Data Source

MLSL

Origin MLS System

MLSListings, Inc.

Bed

8

Bath

7 (5/2)

Double Sinks, Showers over Tubs - 2+, Stall Shower - 2+

Parking

4

Attached Garage, On Street

SQ FT

4,539

SQ FT Source

Unavailable

Lot SQ FT

5,850.0

Lot Acres

0.134298 Acres

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

Cooling

Ceiling Fan

Dining Room

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

Disclosures

Natural Hazard Disclosure

Family Room

No Family Room

Flooring

Carpet, Concrete, Hardwood, Laminate, Tile

Foundation

Concrete Perimeter and Slab

Fire Place

Living Room

Heating

Central Forced Air

Laundry

Coin Operated

Views

Bay, City Lights, Hills, Ocean, Water

Possession

Tenant Rights

Architectural Style

Contemporary

Fee

Unavailable

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.