$3,500,000
For Sale

457 Spencer Street

Monterey, CA 93940
4539 sqft | 0.13 acres | #ML81962259
Listing OfficeKW Coastal Estates
Browse 208 photos
Type:Multi-Family
Structure:4 Family
Zone:Residential

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!

  • Property Details
      • ViewBay, CityLights, Hills, Ocean, Water
      • Stories3
    • Measurements
      • Acres0.1343
      • Square Feet4539
    • Parking
      • Parking Spaces4
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1975
  • Utilities / Energy Details
      • Sewer InformationPublicSewer
  • Community and Neighborhood Details
      • CountyMonterey
      • School DistrictOther
  • Financial Details
      • Original List Price$3,500,000
      • Taxes Annual$30,875
  • Other
      • MLS #ML81962259

Location

Maytha ShafferReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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