457 Spencer Street
Monterey, CA 93940
- 8 beds
- 7 baths
- 4,539 sqft
- 5,850 sqft lot
- $771 per sqft
- 1975 build
- – on site
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!
Last checked:
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Last updated Jan 31, 2025
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MLS# ML81991134 —
This home is listed in more than one place. See it here, and here, and here, and here.
The Building
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Year Built:1975
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Year Built Source:Assessor
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New Construction:No
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Architectural Style:Contemporary
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Roof:Composition
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Stories Total:3
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Patio And Porch Features:Deck
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Patio:1
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Accessibility Features:None
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Common Walls:No Common Walls
Interior
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Kitchen Features:Granite Counters
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Eating Area:In Living Room
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Window Features:Skylight(s)
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Flooring:Carpet, Concrete, Wood, Laminate, Tile
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Room Type:Walk-In Closet
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Living Area Source:Other
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Fireplace:Yes
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Fireplace:Living Room
Room Dimensions
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Living Area:4539.00
Location
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Directions:Cross Street: Drake Ave
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Latitude:36.61009230
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Longitude:-121.90399486
The Property
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Property Type:Residential
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Subtype:Single Family Residence
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Zoning:R3
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Lot Size Area:5850.0000
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Lot Size Acres:0.1343
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Lot Size SqFt:5850.00
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Lot Size Source:Assessor
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View:1
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View:Bay, City Lights, Hills, Ocean, Water
Listing Agent
- Contact info:
- No listing contact info available
Beds
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Total Bedrooms:8
Baths
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Total Baths:7
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Bathroom Features:Double sinks in bath(s)
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Full & Three Quarter Baths:5
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Full Baths:5
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Half Baths:2
The Listing
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Special Listing Conditions:Standard
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Parcel Number:001099005B
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
Utilities
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Sewer:Public Sewer
Appliances
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Appliances:Electric Cooktop, Gas Cooktop, Dishwasher, Vented Exhaust Fan, Range Hood, Microwave, Double Oven
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Included:Yes
Schools
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High School District:Other
The Community
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Association:No
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Assessments:No
Parking
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Attached Garage:Yes
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Garage Spaces:4.00
Monthly cost estimate
Asking price
$3,500,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$18,741
|
| Taxes | N/A |
| Insurance | $962 |
| Utilities | $306 See report |
| Total | $20,009/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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1/21/25
Jan 21, 2025
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Listed / Active | CRMLS_CA | $3,500,000 | 85.2% (10.9% / YR) |
|
6/12/24
Jun 12, 2024
|
Listed / Active | BRIDGE | ||
|
4/19/24
Apr 19, 2024
|
Listed / Active | BRIDGE |
