About 140 Vernon St
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.
Features of 140 Vernon St
| MLS® # | ML81965540 |
|---|---|
| Price | $7,895,000 |
| Square Footage | 9,399 |
| Acres | 0.54 |
| Year Built | 1999 |
| Type | Multi-Residential |
| Sub-Type | Five or More Units |
| Status | Active |
Community Information
| Address | 140 Vernon St |
|---|---|
| Area | West Santa Cruz |
| City | SANTA CRUZ |
| County | Santa Cruz |
| State | CA |
| Zip Code | 95060 |
Amenities
| Utilities | Public Utilities |
|---|---|
| Parking Spaces | 16 |
| Is Waterfront | No |
Interior
| Heating | Radiant Heat |
|---|---|
| Cooling | No Cooling |
| Fireplace | No |
Exterior
| Roof | Composition Roof |
|---|---|
| Foundation | Concrete Perimeter & Slab |
Additional Information
| Zoning | IG |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Peter Cook |
|---|---|
| Office | Lighthouse Realty |
| Contact Info | 831-247-7211 |