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.
MLS #
ML81965540
MLS Source
MLSListings, Inc.
Days on Site
116
Flooring
Laminate
Cooling
None
Heating
Radiant
Roof
Composition
Foundation
Concrete Perimeter and Slab
Garage/Parking
Assigned Spaces, Garage: 0 Car(s)
High School District
Santa Cruz City High
Sewer
Public Sewer
Water
Public
Complex Amenities
Garden / Greenbelt/ Trails
Zoning
IG
# Buildings | # Leased Units | # Total Units |
---|---|---|
4 | 27 | 28 |
Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
---|---|---|---|---|---|---|
1 | 335 | 0 | 1/0 | $1,525 | $1,650 | 27 |
2 | 550 | 1 | 1/0 | $2,200 | $2,200 | 1 |
140 Vernon St is a Residential Income in Santa Cruz, CA 95060. This 9,399 square foot property sits on a 0.541 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $7,895,000 and was built in 1999.
This address can also be written as 140 Vernon St, Santa Cruz, CA 95060.©2024 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
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This listing information is up-to-date as of August 15, 2024. For the most current information, please contact Peter Cook, (831) 247-7211