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140 Vernon Street, Santa Cruz, CA 95060
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140 Vernon Street
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  • MLS#: ML81965540 ( )
  • Street Address: 140 Vernon Street
  • Viewed: 1
  • Price: $7,895,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1999
  • Bldg sqft: 0
  • Days On Market: 185
  • Additional Information
  • County: SANTA CRUZ
  • City: Santa Cruz
  • Zipcode: 95060
  • Provided by: Lighthouse Realty
  • Contact: Peter Peter
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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.
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Features
Building Area Total
  1. 9399.00
Carport Spaces
  1. 8.00
Cooling
  1. None
Heating
  1. Radiant
Insurance Expense
  1. 29609.00
Otherexpense
  1. 0.00
Parcel Number
  1. 00801112000
Roof
  1. Composition
Totalexpenses
  1. 156135.00
Trash Expense
  1. 0.00
Water Source
  1. Public
Year Built
  1. 1999
Year Built Source
  1. Assessor
Zoning
  1. IG