55 E 1st St, Morgan Hill, CA, 95037
4beds
2baths
1,300sqft
$6,688,000
$5,145price/sqft
$42,180/moest. monthly cost
$1,687,200/yrincome needed
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.
Getting Around
90
Walker's Paradise37
Some Transit76
Very BikeableSchools
5/10
7/10
10/10
Construction
Condition
- Year built: 1956
Materials
- Foundation: Crawl Space
- Roof: Shingle
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence,Residential
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Dining Room
- Features: EatinKitchen
Family Room
- Features: KitchenFamilyRoomCombo
Features
- Flooring: Hardwood,Tile
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 1,300
- Total interior livable area: 1,300 sqft
Property
Details
- Parcel number: 72614046
- Zoning: CC
- Special condition: Standard
Features
- Stories: 1
- Fencing: Wood
Lot
- Lot size: 6,400 sqft
Parking
- Total spaces: 2
- Parking features: Off Site,On Street
- Covered spaces: 2
- Carport: Yes
- Carport spaces: 2