Active

140 Vernon ST

SANTA CRUZ CA, 95060

$7,995,000


$850.62 per sqft

Active

9,399 sqft

Multi-family

Built in 1999

Listed by Lighthouse Realty, Peter Cook, Listing Contact: 8312477211

Pogonip Terrace features 28 units tucked away in a peaceful, well landscaped and private setting only minutes to downtown Santa Cruz, UCSC and Hwy 17. Pride of ownership is evident at this meticulously maintained 25 year old complex. The 27 studio units and one bedroom managers unit are always in demand and provide reliable cash flow, efficiency in management and significant upside to rents. Each studio has a full kitchen with Maple cabinets, high ceilings, a large closet, full bath and separate sleeping area that fits a queen size bed. Santa Cruz is a desirable investment location due to its strong and increasing rental demand. With the ever expanding University of California, incubator tech-industry, proximity to Silicon Valley, tourist industry and world class beaches, surf, mountain biking and hiking, the Santa Cruz rental market is well positioned for continued strength. New apartments like Pogonip Terrace rarely come available, making this a unique opportunity for investors.

ML81965540

MLS ID

May 14, 2024

Listed

July 13, 2024

Updated

Map

140 Vernon ST
SANTA CRUZ CA, 95060

Interior Features

Interior Features

Laminate


Floor Description

Laminate


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Radiant

Exterior/Building Features

Lot Size

0.54 Acres


Roof

Composition


Sewer

Public Sewer

School Information

School District

840

Other Property Details

Area Name

West Santa Cruz


Garage

No


Parking Total

16


View

No


County

Santa Cruz


Water Source

Public


Pool

No


Zoning

IG

Listed by Lighthouse Realty, Peter Cook,
Listing Contact: 8312477211 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Katy A Harrison shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Katy A Harrison are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 12:27 PM UTC, 7/13/2024

 

 

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