Waterfront
Address
786 Spencer ST Monterey, CA
Price
$ 2,100,000
Property Attributes
  • MLS#ML81835034
  • TypeContingent
  • CountyMONTEREY
  • CityMonterey
  • AreaNew Monterey
  • Zip93940
  • StyleTraditional
  • Price$ 2,100,000
  • Bedrooms4
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4498
  • Lot Size11,700 SqFt
Listing Provided Courtesy Of:
Monterey Peninsula Home Team with KW Coastal Estates.
Data Source:
MLS Listings
Property Description

Here is your chance to own a very unique 5-unit investment property in New Monterey close to Cannery Row, Pacific Grove and the waterfront with views of Monterey Bay. Live in the single-family home located at 786 Spencer St and rent out the 4-unit apartment behind it at 675 Irving Ave. The main house is a 2-bedroom, 1 bath with a den that could be a 3rd bedroom. It has tons of storage in the basement and its own garage. The 4-unit apartment complex consists of two 1 bedroom, 1.5 bath townhouse style apartments and two 1 bedroom, 1 bath single level apartments, each with a carport. There are views of the water from several of the units and one unit has been nicely updated to include wood floors, a fireplace, granite countertops and has nice high vaulted ceilings. Lots of options for the new owner.

Price History
3/20/2021 Listed $2,100,000

General Features

# of Buildings 2
Accessibility None
Age 75
Architectural Style Traditional
City MONTEREY
City Limits (y/n) Yes
Construction Materials Wood Frame
Cooling None
County Monterey
Flooring Laminate, Tile
Heating Other
Listing Agent State License 70000352
MLS Area New Monterey
Parking Features Assigned Spaces, Common Parking Area, On Street
Property SubType Five or More Units
Property Type Commercial Multi-Residential (5+ units)
Restrictions Parking Restrictions
Roof Composition, Shingle
Security Features None
Special Listing Conditions Not Applicable
Status Contingent
Utilities Public Utilities
View City Lights, Mountains, Ocean, Water
Water Private / Mutual
Year Built 1946
Zoning Text R4

Interior Features

Kitchen Cooktop - Electric, Countertop - Other, Dishwasher, Refrigerator
Living Sqft 4498
Unit 2 Number Of Bedrooms 1

Exterior Features

Building Area Total 4498
Foundation Details Concrete Perimeter and Slab
Lot Acres 0.2686
Lot Description Grade - Sloped Down
Lot Size Area 11700.00
Lot Size Units Square Feet
Maximum Lot Size 11700.00
Meters Master Water, Separate Electric
Number of Garage Spaces 1
Sewer/Septic Sewer - Public
Yard/grounds Back Yard, Balcony / Patio, Deck

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93940

Price
AVG $1.44M
$2.1M
Visits
AVG 40
30
Year Built
AVG 1971
1946
Walkscore
AVG 39
82
Data Provided by Walkscore ® not using MLS data