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Live Oak Avenue
545 Live Oak Avenue, Morgan Hill, CA 95037
$1,350,000
5,422 SF
$1,350,000
Residential Income
Single-Unit (SFR/ Condo)
Investment
2.25%
8.99%
5.24 AC
-
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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)
Created 8/27/2007
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.