Seller's Agent in 2024
Matt Telfer
South County Realty Mh
(408) 691-1982
32 in this area
53 Total Sales
60 W 5th St Morgan Hill, CA 95037
6
Beds
3
Baths
2,526
Sq Ft
8,002
Sq Ft Lot
Highlights
- Downtown View
- Grass Covered Lot
- 1-Story Property
About This Home
As of November 2024Rare Tri-Plex building in the heart of downtown Morgan Hill. Excellent location on quiet West 5th street, away from the traffic but only steps to all the restaurants, coffee shops, beer & local wine-tasting taprooms, farmers market, festivals, and night life offered in the thriving Morgan Hill downtown scene. Lovingly maintained by the same owner since it was first constructed. Several long-term tenants, with one in place over 24 years! Community garden space located in the back of the building. Ample parking with a detached carport and private parking area. Perfect opportunity for an owner/investor to live in one of the units and rent out the other two, or traditional investors renting out all three units in the desirable downtown environment. Utility room contains Washer/Dryer hookups for potential extra coin/op income. Each unit has an additional private locked storage room at the front of the building. City maintained walking trails, playgrounds, and parks located on the hill above property and on nearby Depot street. Come and make this exciting investment potential your own before it is gone!
Last Agent to Sell the Property
South County Realty Mh License #01363041 Listed on: 10/03/2024
Co-Listed By
John Telfer
South County Realty Mh License #00493328
Property Details
Home Type
- Multi-Family
Year Built
- 1972
Lot Details
- 8,002 Sq Ft Lot
- Grass Covered Lot
- Back Yard
Property Views
- Downtown
- Hills
Home Design
- Triplex
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,526 Sq Ft Home
- 1-Story Property
Parking
- 6 Parking Spaces
- 3 Carport Spaces
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Total Actual Rent $60,900
Community Details
Overview
Building Details
- 2 Leased Units
- Insurance Expense $2,342
- Maintenance Expense $645
- Manager Expense $4,263
- Utility Expense $5,120
- Operating Expense $13,824
- Gross Income $60,900
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/06/2024 11/06/24 | Sold | $1,175,000 | +6.8% | $465 / Sq Ft |
| 10/11/2024 10/11/24 | Pending | -- | -- | -- |
| 10/03/2024 10/03/24 | For Sale | $1,100,000 | -- | $435 / Sq Ft |
Source: MLSListings
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 | $1,472 | $1,175,000 | $1,000,000 | $175,000 |
| 2024 | $1,472 | $111,378 | $18,087 | $93,291 |
| 2023 | $1,454 | $109,195 | $17,733 | $91,462 |
| 2022 | $1,429 | $107,055 | $17,386 | $89,669 |
| 2021 | $1,394 | $104,957 | $17,046 | $87,911 |
| 2020 | $1,364 | $103,882 | $16,872 | $87,010 |
| 2019 | $1,397 | $101,846 | $16,542 | $85,304 |
| 2018 | $1,399 | $99,850 | $16,218 | $83,632 |
| 2017 | $1,385 | $97,893 | $15,900 | $81,993 |
| 2016 | $1,297 | $95,975 | $15,589 | $80,386 |
| 2015 | $1,283 | $94,534 | $15,355 | $79,179 |
| 2014 | $1,277 | $92,683 | $15,055 | $77,628 |
Source: Public Records
Agents Affiliated with this Home
-
Matt Telfer
-
J
Seller Co-Listing Agent in 2024
John Telfer
South County Realty Mh
-
Sonia Nanez
S
Buyer's Agent in 2024
Sonia Nanez
Intero Real Estate Services
(408) 410-7470
1 in this area
21 Total Sales
Map
Source: MLSListings
MLS Number: ML81982524
APN: 767-08-026
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