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.
Multi-familyProperty Type
1940Year Built
0.69 acresLot Size
$449Est. Price/Sq.Ft.
15 spacesParking
Listed by Matthew Telfer•DRE #01363041• South County Realty Mh
Listed by John Telfer•DRE #00493328• South County Realty Mh
Contact: 408-691-1982
Bought with Katya Ceballos•DRE #01919438• Tuscana Properties
Bought with The Jamison Team•DRE #70010132• Tuscana Properties
bridgeMLS, Bay East AOR, or Contra Costa AOR #ML82008544
Oct 10, 2025
Sold
$1,250,000
$382/sq ft
Oct 10, 2025
Sold
$1,250,000
$382/sq ft
Jul 29, 2025
Pending
—
Jul 29, 2025
Pending
—
May 28, 2025
Listed
$1,500,000
$459/sq ft
May 27, 2025
Listed
$1,500,000
$459/sq ft
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.
Public Records
May 9, 2018
Sold
$875,000
$268/sq ft
SDMLS #301718801
Sep 30, 2017
Listing Removed
—
Jun 9, 2016
Listed
$999,999
$306/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$11,426 (+1.9%)
$1,000,000 + $250,000
$1,250,000
2024
$11,214 (+1.3%)
$824,923 + $170,671
$995,594
2023
$11,070 (+1.7%)
$808,749 + $167,325
$976,074
2022
$10,885 (+2.6%)
$792,892 + $164,045
$956,937
2021
$10,612 (+2.5%)
$777,346 + $160,829
$938,175
2020
$10,356 (−2.8%)
$762,104 + $157,676
$919,780
2019
$10,650 (+1,266.9%)
$754,290 + $156,060
$910,350
2018
$779
$739,500 + $153,000
$892,500
Tax history for 15355 Monterey St
Year
Property tax
Land + Additions
Assessment*
2025
$11,426 (+1.9%)
$1,000,000 + $250,000
$1,250,000
2024
$11,214 (+1.3%)
$824,923 + $170,671
$995,594
2023
$11,070 (+1.7%)
$808,749 + $167,325
$976,074
2022
$10,885 (+2.6%)
$792,892 + $164,045
$956,937
2021
$10,612 (+2.5%)
$777,346 + $160,829
$938,175
2020
$10,356 (−2.8%)
$762,104 + $157,676
$919,780
2019
$10,650 (+1,266.9%)
$754,290 + $156,060
$910,350
2018
$779
$739,500 + $153,000
$892,500
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
2
Baths
1
Stories
1
Lot width
—
Lot depth
—
Lot size
0.69 Acres
Year renovated
1940
Sq. Ft.
1,763
Year built
1940
Style
Single Family Residential
County
Santa Clara County
APN
77904030
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 21, 2026.
CG
PD
General Commercial District
The purpose of the CG zoning district is to provide a location for a broad range of commercial and employment uses to serve Morgan Hill residents, workers, and visitors.
Zone overlays
Planned Development Combining District
Permitted uses
Include but are not limited to:
Bank
General retail
Restaurant
Office
Medical office
Public service
Recreation
Nov 11, 2026 • Active
Building commercial
Roofing
Dec 14, 2018 • Final
Construction
Remodel and repair fire damage to the building.
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Carport (Minimum): 1
Parking Description: Common Parking Area, Guest/Visitor Parking, Parking Area, Room for Oversized Vehicle
Parking Spaces: 15
Interior
Heating & Cooling Information
Cooling: Other (See Remarks)
Heating: Wall Furnace, Other (See Remarks)
Exterior
Exterior Features
Roof: Composition, Other (See Remarks)
Building Information
# of Buildings: 5
Subclass: Triplex
Concrete Perimeter, Other
Property Features
Living Sq. Ft.: 3,268
Security Features: Varies by Unit
Property Information
Property Primary ID: 561718
Tenant Expenses: Services (Trash Removal), Utilities (Electric), Utilities (Gas), Other
Lot Information
Lot Acres: 0.6887
Lot Size Area Minimum Units: Sq. Ft.
Lot Size Area Maximum Units: Sq. Ft.
Lot Size Source: Assessor
Zoning: A140
Financial
Tax/Assessment Information
Annual Tax Amount: $11,141
Utilities
Utility Information
Meters: Separate Electric, Separate Gas
Sewer Septic: Existing Septic
Utilities: Public Utilities
Utility Expenses: $328
Water Information
Water: Well
Location
Multi-Unit Information
# of Stories: 1
# of Units in Building (Total): 3
Annual Rental Income: $83,860
Annual Gross Income: $83,860
Gross Rent Multiplier: 17.89
Gross Scheduled Income: $83,860
Total Expenses: $20,619
Unit Type 1 Information
# of Bedrooms: 4
# of Baths (Full): 2
Approx Sq. Ft.: 1,603
Rent: $3,100
Unit Type 2 Information
# of Bedrooms: 4
# of Baths (Full): 1
Approx Sq. Ft.: 1,040
Rent: $2,400
Unit Type 3 Information
# of Bedrooms: 2
# of Baths (Full): 1
Approx Sq. Ft.: 625
Rent: $2,000
School Information
Elementary School District: Morgan Hill Unified
High School District: Morgan Hill Unified
Public facts
Beds: 2
Baths: 1.0
Sq. Ft.: 1,763
Stories: 1.0
Lot Size: 0.69 acres
Style: Single Family Residential
Year Built: 1940
Year Renovated: 1940
County: Santa Clara County
APN: 77904030
Home facts updated by county records on Aug 21, 2026
Around this home
Schools
San Martin/Gwinn Elementary School
Public K-8 • Assigned • 1.8mi
3/10
Ann Sobrato High School
Public 9-12 • Assigned • 4.1mi
10/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Local insights from Redfin agents
Morgan Hill is a residential city in Santa Clara County, California. It sits at the southern tip of Silicon Valley, about 45 minutes south of San Jose, with a population of roughly 45,483. Known for its wineries, nature parks, and historic downtown,...