457 Spencer ST, Monterey, CA 93940

$3,500,000
8
BD
7
BA
4,539
SqFt
List Price
$3,500,000
MLS#
ML81969369
Status
ACTIVE
Property Type
res
Bedrooms
8
Total Bathrooms
7
Full Bathrooms
5
Partial Bathrooms
2
Sqft. of Residence
4,539
Lot Size
5,850
Listing Area
New Monterey
Year Built
1975

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!

Additional Information

Acres
0.13
Age
49
Amenities
High Ceiling, Open Beam Ceiling, Skylight, Vaulted Ceiling, Walk-in Closet, Wet Bar
Bathroom Features
Double Sinks, Showers over Tubs - 2+, Stall Shower - 2+
Bedroom Description
More than One Primary Bedroom, Walk-in Closet
Cooling System
Ceiling Fan
Energy Features
Low Flow Shower, Low Flow Toilet, Skylight
Family Room
No Family Room
Fireplace Description
Living Room
Floor Covering
Carpet, Concrete, Hardwood, Laminate, Tile
Foundation
Concrete Perimeter and Slab
Garage Parking
Attached Garage, On Street
Heating System
Central Forced Air
Laundry Facilities
Coin Operated
Living Area
4,539
Lot Description
Grade - Sloped Up, Views
Lot Size
5,850
Neighborhood
New Monterey
Other Rooms
Storage
Other Utilities
Public Utilities
Roof
Composition
Sewer
Sewer - Public
Special Features
None
Style
Contemporary
Unincorporated Yn
Yes
View
Bay View, View of City Lights, Hills, Ocean View, Water
Zoning
R3

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

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

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