457 Spencer Street
Monterey, CA 93940 • 8 Bed • 7 Bath • 4,539 sq.ft.

Property summary

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: 121

Listing updated: May 22, 2025 - 05:25:05

Property details

Property ID
ML81991134
Size
4539 sq.ft.
Home Type
Residential
Year Built
1975
Property Size
0.1343 acre
Garage
4
Levels
Spa
No
Patio
Deck
Basement
No
View
Bay, City Lights, Hills, Ocean, Water
Pool
No

Listed by: Monterey Peninsul... DRE #70000352 (831) 622-6200, KW Coastal Estates - MLSListings

Source: MLSListings, MLS#: ML5009200 Originating MLS: CRMLS

Interior information

Rooms
Other
Bathrooms
7
Kitchen
Double Oven, Dishwasher, Electric Cooktop, Gas Cooktop, Microwave, Range Hood, Vented Exhaust Fan
Cooling
N/A
Heating
Central
Flooring
Carpet, Concrete, Laminate, Tile, Wood
Laundry
N/A
$3,450,000
Property price
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-06-01 04:12:28 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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