$1,500,000

15355 Monterey St Morgan Hill, CA 95037

Estimated payment $9,331/month

Total Views 159
10 Beds
4 Baths
3,268 Sq Ft
$459 Price per Sq Ft

Highlights

  • Very Popular Property
  • 0.69 Acre Lot
  • 1-Story Property
  • Ann Sobrato High School Rated A
  • Guest Parking

About This Home

Excellent investment opportunity to own multiple residential units on a large 2/3 acre lot in Morgan Hill. Located within the city limits and adjacent to future development projects that are currently getting entitled with the city. Three residential units, two barns/storage outbuildings, additional outdoor kitchen building, and lots of space for parking. The long-term stable Tenants would like to stay and are paying attractive rents. Many potential uses, now and in the future.

Listing Agent

Matt Telfer

South County Realty Mh License #01363041 Listed on: 05/27/2025

Co-Listing Agent

John Telfer

South County Realty Mh License #00493328

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,214

Year Built

  • 1940

Lot Details

  • 0.69 Acre Lot

Home Design

  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,268 Sq Ft Home
  • 1-Story Property

Parking

  • 15 Parking Spaces
  • 1 Carport Space
  • Guest Parking

Utilities

  • Wall Furnace
  • Well
  • Septic Tank

Listing and Financial Details

Community Details

Overview

  • 3,268 Sq Ft Building

Building Details

  • 4 Leased Units
  • Insurance Expense $6,920
  • Maintenance Expense $1,780
  • Manager Expense $450
  • Utility Expense $328
  • Operating Expense $20,619
  • Gross Income $83,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,214

Year Built

1940

Lot Details

0

Listing Details

  • Zoning: A140
  • Subclass: Triplex
  • Age: 85
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3268
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Living Sq Ft: 3268
  • Stories: 1
  • Security: Varies By Unit

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 15
  • Garage Parking Features: Common Parking Area, Guest / Visitor Parking, Parking Area, Room For Oversized Vehicle
  • Carport Min: 1

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Existing Septic

Schools

  • School District: Morgan Hill Unified

Lot Info

  • Lot Acres: 0.6887
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 30000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 30000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.89
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 6920
  • Expense Maintenance: 1780
  • Expense Management: 450
  • Expenses Total: 20619
  • Expenses Utility: 328
  • Income Annual Gross: 83860.00
  • Income Annual Rental: 83860
  • Income Gross Scheduled: 83860
  • Income Includes: Rents, Storage Area
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 5
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $11,214 $976,074 $808,749 $167,325
2023 $11,070 $956,937 $792,892 $164,045
2022 $10,885 $938,175 $777,346 $160,829
2021 $10,612 $919,780 $762,104 $157,676
2020 $10,356 $910,350 $754,290 $156,060
2019 $10,650 $892,500 $739,500 $153,000
2018 $779 $60,257 $24,745 $35,512
2017 $769 $59,076 $24,260 $34,816
2016 $714 $57,919 $23,785 $34,134
2015 $705 $57,050 $23,428 $33,622
2014 $772 $55,934 $22,970 $32,964
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2025 05/27/25 For Sale $1,500,000 -- $459 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Deed -- Commonwealth Land Title Compan
Grant Deed -- None Listed On Document
Deed -- None Listed On Document
Interfamily Deed Transfer -- Chicago Title Co
Grant Deed $875,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $517,000 New Conventional
Previous Owner $555,750 Commercial
Source: Public Records

Source: MLSListings

MLS Number: ML82008544

MLSListings

APN: 779-04-030

California Santa Clara County Morgan Hill 95037

15355 Monterey St, Morgan Hill, CA

This home is located at 15355 Monterey St, Morgan Hill, CA 95037 and is currently priced at $1,500,000, approximately $458 per square foot. This property was built in 1940. 15355 Monterey St is a home located in Santa Clara County with nearby schools including San Martin/Gwinn Elementary School, Lewis H. Britton Middle School, and Ann Sobrato High School.

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Matt Telfer
Listing Agent
Matt Telfer
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South County Realty Mh
(669) 280-7590