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18060 Monterey Rd - Monterey Rd 0.88 Acres of Residential Land in Morgan Hill, CA 95037

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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

This is a rare opportunity to acquire a prime development site in the heart of Morgan Hill, one of Silicon Valley’s fastest-growing communities. Located at 18060 Monterey Road, the property is strategically positioned along a major corridor with excellent visibility and accessibility. The proposed concept envisions a dynamic mixed-use project featuring four stories of residential units above ground-floor parking and commercial space, creating a vibrant live-work environment.
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.

Attachments

Monterey Road OM

Property Facts

Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Planned Unit Development
  • Storefront, Retail or Residential
Total Lot Size 0.88 AC
Zoning FB-C - Monterey Corridor Form-Based

1 Lot Available

Lot

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.

Bike Score®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
726-25-005
Land Assessment
$34,387
Improvements Assessment
$123,732
Total Assessment
$158,119
  • Listing ID: 39112963

  • Date on Market: 1/16/2026

  • Last Updated:

  • Address: 18060 Monterey Rd, Morgan Hill, CA 95037

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