140 Vernon Street
140 Vernon Street
$7,995,000
—
9,399
9,399
$851
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...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.
- Listed by Peter Cook • DRE #01223810 • Brokerage DRE #01223810 • Lighthouse Realty • 831-247-7211
Property Details for 140 Vernon Street
MLS City Name
SANTA CRUZ
Building TypeOther
Complex NamePogonip Terrace
Garage Spaces0
Parking Spaces16
Location
LISTING UPDATED: 05/31/2024 12:20 AM
Property Details for 140 Vernon Street
Status | Active |
---|---|
MLS # | ML81965540 |
Days on Compass | 18 |
Taxes | $26,625 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1999 |
Lot Size | 0.54 AC / 23,566 SF |
County | Santa Cruz County |
Location
Building Information for 140 Vernon Street
Stories-Residences-Year Built1999Building Size-Lot Size0.54 AC / 23,566 SF
Payment Calculator
$45,851 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 140 Vernon Street
Property History for 140 Vernon Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 140 Vernon Street
This home is within Santa Cruz City High School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
De Laveaga Elementary School PublicK to 5 | ||
Mission Hill Middle School Public6 to 8 | ||
Harbor High School Public9 to 12 | ||
Soquel High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.