457 Spencer St Monterey, CA 93940

$3,500,000
8 beds
5 full, 2 partial
4,539 sqft
0.1 acres
$771 / sqft
House

Property details

About 457 Spencer St

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!

Highlights

Home typeSingle Family Residence
HeatingCentral
StatusActive
Size4,539 sqft
Lot size0.1343 Acres
Year built1975
MLS #ML81991134
Attached garage4 spaces
FireplaceLiving Room
ViewBay, City Lights, Hills, Ocean, Water

Summary

  • MLS Number: ML81991134
  • MLS Name: CRMLS
  • Office Name: KW Coastal Estates
  • Office Phone: (831) 622-6200
  • Listing Agent: Monterey Peninsul...

IDX Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/10/2025, 12:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front facade with a balcony and a garage

$3,500,000

457 Spencer St

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Price information

Property sales

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Tax history

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Nearby schools

9

Robert Down Elementary School

Public District KG-5

0.9 mi

485 Pine Ave

6

Forest Grove Elementary School

Public District KG-5

1.4 mi

1065 Congress Ave

5

Monte Vista

Public District KG-5

1.4 mi

251 Soledad Dr

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $61,657. The most common annual income of people living in Monterey, CA is between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.

How much money do the neighbors make?

29%
<35k
47%
35k-100k
23%
100k-200k
1%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

64%
Single, No Kids
6%
Single, with Kids
20%
Married, No Kids
10%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

8%
<11 yrs old
5%
12-17 yrs old
33%
18-34 yrs old
44%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Yoga/pilatesYoga/pilates
  • Continuing Education CoursesContinuing Education Courses

Where do the neighbors shop?

  • Banana RepublicBanana Republic
  • H&MH&M
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • SonicSonic
  • Dominos PizzaDominos Pizza
  • QdobaQdoba

What do the neighbors drive?

  • InfinitiInfiniti
  • AudiAudi
  • VolkswagenVolkswagen

What do the neighbors listen to?

  • Urban ContemporaryUrban Contemporary
  • AlternativeAlternative
  • Talk/PersonalityTalk/Personality
All data provided by Home Junction and Claritas

Frequently asked questions

About 457 Spencer St

This home is located at 457 Spencer St in Monterey, CA and zip code 93940. This 4,539 square foot home, which was built in 1975, sits on a 0.13 acre lot. Features: 8 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since January 21, 2025 and is currently priced at $3,500,000.

In January 2025 more than 2 listings in Monterey, CA were sold above the asking price. During the same period more than 7 listings were sold at asking price, while more than 4 were sold below. Between December and January 2025, Monterey, CA real estate market has seen increase in the number of listings by 9.7%. In January 2025 median list price was $1,050,000 and the average listing age was 32 days.

From Rocket Homes Real Estate and based on county public records data.

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