55 E 1st St Morgan Hill, CA 95037
Estimated payment $35,345/month
Highlights
- Wood Flooring
- 3-minute walk to Morgan Hill
- Forced Air Heating and Cooling System
- Ann Sobrato High School Rated A
- Open to Family Room
- Wood Fence
About This Home
Rare opportunity to acquire a downtown Morgan Hill commercial assemblage consisting of multiple contiguous parcels improved with residential homes and office suites. The portfolio generates strong in-place income and offers long-term redevelopment potential within the Downtown Specific Plan area. Located just steps from Monterey Road with convenient access to restaurants, retail, and Highway 101. Ideal for investors, developers, or 1031 exchange buyers seeking stable income with future upside in a prime downtown location. The offering includes 55 1st Street(ML82040862), 57 E 1st Street(ML82040868), 70 & 74 E Main Street, and 50 E Main Street(ML82040862). Marketing package is in the disclosure link.
Home Details
Home Type
- Single Family
Year Built
- Built in 1956
Lot Details
- Wood Fence
- Zoning described as CC
Home Design
- Shingle Roof
Interior Spaces
- 1,300 Sq Ft Home
- 1-Story Property
- Crawl Space
Kitchen
- Open to Family Room
- Eat-In Kitchen
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- 2 Carport Spaces
- On-Street Parking
- Off-Site Parking
Utilities
- Forced Air Heating and Cooling System
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Assessor Parcel Number 726-14-046
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $1,559 | $125,920 | $110,965 | $14,955 |
| 2024 | $1,559 | $123,452 | $108,790 | $14,662 |
| 2023 | $1,538 | $121,032 | $106,657 | $14,375 |
| 2022 | $1,512 | $118,660 | $104,566 | $14,094 |
| 2021 | $1,474 | $116,334 | $102,516 | $13,818 |
| 2020 | $1,440 | $115,142 | $101,465 | $13,677 |
| 2019 | $1,477 | $112,885 | $99,476 | $13,409 |
| 2018 | $1,479 | $110,673 | $97,526 | $13,147 |
| 2017 | $1,465 | $108,504 | $95,614 | $12,890 |
| 2016 | $1,368 | $106,378 | $93,740 | $12,638 |
| 2015 | $1,353 | $104,781 | $92,332 | $12,449 |
| 2014 | $1,349 | $102,730 | $90,524 | $12,206 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/30/2026 03/30/26 | For Sale | $6,688,000 | -- | $5,145 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | New Century Title Company | |
| Grant Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $252,000 | Purchase Money Mortgage |
Source: MLSListings
MLS Number: ML82040865
APN: 726-14-046
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Ask me questions while you tour the home.