751 Spencer St, Monterey, CA 93940

$1,342,500
3,149
SqFt
Sold Price
$1,342,500
List Price
$1,465,000
Closing Date
Apr 01, 2019
MLS#
ML81708735
Status
SOLD
Zoning
r-3
Sqft. of Residence
3,149
Lot Size
5,817
Listing Area
New Monterey

Property Description

Monterey 4-plex with ocean views in New Monterey. The complex features two one bedroom / one bathroom units and two 2 bedroom / one bathroom units. The two bedroom upstairs units have ocean views, with Unit # 2 having very good ocean views. Potential rents for these units are $2000+ per month. Unit # 1 is downstairs one bedroom and it has some ocean views. Unit # 3 is a downstairs one bedroom / one bathroom unit. Potential rent for the one bedroom units is $1500+ per month. Roof is about 10 years old. The complex is 4 blocks to Lighthouse Avenue restaurants, services, gyms, and nightlife. Cannery Row and the Monterey Bay Recreation Trail is 3 more blocks. Property is close to employment centers, Trader Joe's, Pebble Beach, DLI, MIIS, and NPS. Rents shown are effective January 1st, 2019.

Additional Information

Acres
0.1335
Age
45
Cooling System
None
Floor Covering
Carpet, Tile, Vinyl / Linoleum
Foundation
Concrete Slab
Garage Parking
Carport, Off-Street Parking, On Street
Heating System
Gas, Wall Furnace
Laundry Facilities
Coin Operated, Washer / Dryer
Living Area
3,149
Lot Description
Grade - Sloped Up
Lot Size
5,817
Neighborhood
New Monterey
Other Rooms
Storage
Other Utilities
Individual Electric Meters, Individual Gas Meters
Roof
Composition
Sewer
Sewer Connected
Special Features
None
Stories
2
Total Number Of Units
4
View
View of City Lights, View of Mountains, Ocean View
Zoning
r-3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Hap Albers from Albers Real Estate Investment Company

Selling Office: M59.

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