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Walter Stauss

[email protected] +1(831) 246-4663

$ 7,895,000

Est. payment -/mo

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Active

140 Vernon ST Santa Cruz, CA 95060

1 Bed

2 Baths

9,399 SqFt

UPDATED:

08/15/2024 05:45 PM

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 9,399 sqft

Price per Sqft $839

MLS Listing ID ML81965540

Bedrooms 1

Full Baths 2

Year Built 1999

Lot Size 0.541 Acres

Property 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.

Location

State CA

County Santa Cruz

Area West Santa Cruz

Building/Complex Name Pogonip Terrace

Zoning IG

Interior

Heating Radiant

Cooling None

Flooring Laminate

Exterior

Garage Assigned Spaces

Community Features Garden / Greenbelt / Trails

Utilities Available Public Utilities

Roof Type Composition

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public

Water Public

Others

Restrictions Parking Restrictions,Pets - Not Allowed

Tax ID 008-011-12-000

Security Features None

Special Listing Condition Not Applicable

Listed by Peter Cook • Lighthouse Realty

Walter Stauss

California Realtor | License ID: 01105052

+1(831) 246-4663

Walter Stauss

140 Vernon ST Santa Cruz, CA 95060

Key Details

Location

Interior

Exterior

Building

Others

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140 Vernon ST