Active
140 Vernon ST
SANTA CRUZ CA, 95060
$7,895,000
$839.98 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
October 1, 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
Listing History
Date | Event | Price |
---|---|---|
8/6/2024 | Price change | $7,895,000 -2% |
Listed by Lighthouse Realty, Peter Cook,
Listing Contact: 8312477211
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Data last updated 7:15 PM UTC, 10/1/2024