140 Vernon Street, Santa Cruz
Santa Cruz Home For Sale
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.
Property Details
Additional Information
-
- City:
- Santa Cruz
-
- County:
- Santa Cruz
-
- Zip:
- 95060
-
- MLS® #:
- ML81965540
-
- Lot Size:
- 0.54
-
- School District:
- Other
-
- HOA Dues:
- $
Price Change History for 140 Vernon Street, Santa Cruz, (MLS® #ML81965540)
Date | Details | Price | Change |
---|---|---|---|
Price Reduced (from $7,995,000) | $7,895,000 | $100,000 (1.25%) |
Based on information from California Regional Multiple Listing Service, Inc. as of September 2nd, 2024 at 2:50am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.