Residential Income Property For Sale - Live Oak Avenue

545 Live Oak Avenue, Morgan Hill, CA, 95037

 

Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.

Browse More Listings in Residential Income For Sale, Morgan Hill, CA or California

Live Oak Avenue

545 Live Oak Avenue, Morgan Hill, CA 95037

Main House
  • $1,350,000
  • 5,422 SF
  • $1,350,000
  • Residential Income
  • Single-Unit (SFR/ Condo)
  • Investment
  • 2.25%
  • 8.99%
  • 5.24 AC
  • Find Out More...
Last Verified  10/21/2009 Listing ID  15308785

Description

The property consist of ONE legal parcel with TWO assesors parcel numbers . The main parcel# 73 (County od Santa Clara A-20 Ac) with approximately 3.270 AC contain the main house with approximately 1566SF which was completely re-hab in 2006 and FOUR other detached homes, two of which where also remodeled in 2006 and 2008 The FITH home is non-comforming and the County may ask to convert it into its former use (barn-storage). The second parcel #48 (City of San Jose R-1-1) consisting of approximately 1.970AC is leased to a manufacturer of sound walls. This property is unique for the area. The main house has 2bd/2bth; 3 car garage, recreation room with a bathroom, laundry room -all detached- swimming pool & spa. The space dedicated to the garage can hold five + cars.The other homes have between 800SF to 1200SF each, and, when all units are rented, have a gross income of approximatelly $9,000.00 per month not including a potential rent of an additional $2,000.00 if the main house is rented, and including $2,790.00 per month for the leased parcel to the manufacturer of the sound walls.

The property is located in an area of average to good quality ranchettes of one to ten acre parcel and near to the Morgan Hill city's limit where new multi million dollar homes are been developed. This area consits of residential uses mixed in with agricultural uses and commercial greenhouses. Shopping and schools are located close by in Morgan Hill .
The property is located just off Monterey Road in close proximity to railroad tracks. It has excellent views of the eastern hills and is ideal for any type of CONTRACTOR looking for a place to live, income from three other guest homes and ample space to park trucks and equipment. UNIQUE POTENTIAL!!

Map of 545 Live Oak Avenue, Morgan Hill, CA 95037 (Santa Clara County)

Contact Listing Broker to find out more details.

Presented by

Caceres & Caceres Real Estate Investments

Request additional information

Contact Listing Broker
Pedro Caceres (408) 779-4348
Track changes to this property
Watch This Property
Share this listing
Send to Friend
Link to This Listing
Embed This on Your Web Site
Share on LinkedIn
Additional Options
Print Listing
View Map
Demographics
Research Price
Get Financing

Advertisement

Created 8/27/2007

Cityfeet.com – Commercial Real Estate Network BizBuySell LandAndFarm.com LoopNet Partners