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15195 Olive Avenue

Morgan Hill, CA 95037
  • $1,867,700
  • STATUS: Active Under Contract
  • ON SITE: 74 Days
  • ID#: ML82055399
Under Contract
UPDATED: 24 min ago
$1,867,700
  • 0
    BEDS
  • 9.83
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 700
    SQFT
  • $2,668
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:

School Ratings & Info

School District:
Listing Agent(s): Matthew Telfer of South County Realty Mh (408-779-3146)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-07T23:30:26.843. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/179207994
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15195 Olive Avenue Morgan Hill, CA 95037

  • Price: $1,867,700
  • Status: Active Under Contract
  • On Site: 74 Days
  • Updated: 24 min ago
  • ID#: ML82055399
0
Beds
0
Baths
0
½ Baths
9.83
Acres
700
SQFT
$2,668
$/SQFT
1900
Built
Neighborhood:
699 - Not Defined
County:
Santa Clara
Area:
699 - Not Defined
School District:
Other
Property Description
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.
Exterior Features

Carport Spaces 3 Carport YN Yes Foundation Details Combination Lot Features Level Parking Total 0 Roof ElastomericMetalOther View Hills View YN Yes

Interior Features

Accessibility Features None Cooling YN Yes Heating YN Yes

Property Features

Association YN No Cap Rate 0.32 Garage YN Yes Gross Scheduled Income 6000 Insurance Expense 0 Listing Agreement Exclusive Right To Sell Maintenance Expense 0 Other Expense 0 Property Sub Type Mixed Use Special Listing Conditions Standard Tax Annual Amount 0 Trash Expense 0 Utilities Natural Gas AvailableOther Water Source Well Zoning A-20A



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-07T23:30:26.843. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Matthew Telfer of South County Realty Mh (408-779-3146)