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Investment Highlights
- Four stories of residential units above a ground-floor parking and commercial component within a mixed-use configuration
- The design provides 140 parking stalls utilizing hydraulic lifts, as well as shared amenities including a rooftop entertainment area
- Roughly 104,000 square feet of residential space, complemented by 6,000 square feet of commercial frontage
Executive Summary
The preliminary design includes approximately 100 residential units across four levels, offering a mix of studios to three-bedroom layouts, complemented by 6,000 square feet of commercial frontage. The plan incorporates a concrete podium with wood framing above, three vehicular access points, and 140 parking stalls utilizing hydraulic lifts. Shared amenities such as a rooftop entertainment area further enhance the project’s appeal.
Situated within Santa Clara County, the property benefits from strong demographics, proximity to major employment hubs, and convenient access to U.S. Highway 101 and nearby transit options. Morgan Hill’s ongoing residential and commercial growth, combined with its strategic location near Silicon Valley, positions this site as an exceptional investment for developers seeking to capitalize on the region’s robust housing demand and mixed-use development trends.
Property Facts
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 0.88 AC |
| Zoning | FB-C - Monterey Corridor Form-Based | ||
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.88 AC |
| Zoning | FB-C - Monterey Corridor Form-Based |
1 Lot Available
Lot
| Lot Size | 0.88 AC |
| Lot Size | 0.88 AC |
Prime development lot on Monterey Road in Morgan Hill with excellent frontage and access. Flat parcel suited for mixed-use project featuring residential and commercial components in a high-growth corridor near major transportation routes.
Description
The proposed development utilizes a form-based zoning code that accommodates flexible building volumes to support a variety of uses. The plan delivers strong housing value, featuring four stories of residential units above a ground-floor parking and commercial component within a mixed-use configuration. The site design leverages an existing roadway on the south side of the property to enhance access and ground-floor efficiency, supported by three points of vehicular entry. The concept includes a concrete podium with wood framing above, rising to five stories including parking, and incorporates all required setbacks and open-space standards. The program envisions approximately 100 residential units across four floors averaging 850 to 900 square feet with a mix of studios up to three-bedroom options totaling roughly 104,000 square feet of residential space, complemented by 6,000 square feet of commercial frontage. At grade, the design provides 140 parking stalls utilizing hydraulic lifts, as well as shared amenities including a rooftop entertainment area.
Property Taxes
| Parcel Number | 726-25-005 | Improvements Assessment | $123,732 |
| Land Assessment | $34,387 | Total Assessment | $158,119 |
Property Taxes
Presented by
18060 Monterey Rd - Monterey Rd
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