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15195 Olive Ave, Morgan Hill, CA, 95037

2beds
1baths
700sqft
$1,867,700
$2,668price/sqft
$11,169/moest. monthly cost
$446,760/yrincome needed

About This Home

Exceptional opportunity to acquire one of Morgan Hill's premier future potential development properties, offered for sale on the MLS for the first time in generations. This rare +-9.83-acre parcel has been proudly held by the same family for multiple generations and presents a unique investment opportunity directly adjacent to the Morgan Hill city limits. Although currently located within unincorporated Santa Clara County, the City of Morgan Hill has designated the property Residential Detached Medium in its General Plan, potentially allowing for a planned density of up to 7 dwelling units/acre in the future upon annexation. Another opportunity is to create an exceptional rural estate, with the potential to construct a custom single-family residence, ADU, and Jr ADU. The property is currently leased to a local farmer, providing agricultural income while preserving its long-term investment potential. Existing improvements include an old farmhouse and three mobile homes. An adjoining +-12.5-acre sister parcel to the east is also available for purchase, offering buyers the flexibility to acquire one or both properties and create a significant future landholding in one of Morgan Hill's most desirable growth corridors. Rarely does an opportunity of this caliber become available.

Getting Around

15
WalkingCar-Dependent
28
TransitSome Transit
39
BikeSomewhat Bikeable

Schools

10/10
Ann Sobrato High SchoolGrades 9-124.4 mi
7/10

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Combination
  • Roof: Elastomeric, Metal, Other

Type & Style

  • Home type: SingleFamily
  • Property subType: Farm,Residential

Interior

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Features: Other

Family Room

  • Features: NoFamilyRoom

Heating & Cooling

  • Heating features: Other
  • Cooling features: Other

Interior Area

  • Total structure area: 700
  • Total interior livable area: 700 sqft

Property

Details

  • Parcel number: 77903005
  • Zoning: A-20A
  • Special condition: Standard

Features

  • Has view: Yes
  • View description: Hills

Lot

  • Lot size: 9.83 Acres
  • Features: Level

Parking

  • Total spaces: 6
  • Parking features: Parking Area
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 6
  • Carport: Yes
  • Carport spaces: 3