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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 offers two compelling housing options designed for modern living and strong community value. Option 1 features 23 three-story townhomes with spacious layouts, enhanced privacy, and a cohesive neighborhood feel, incorporating private yards and rooftop terraces for elevated outdoor living. The site plan maximizes efficiency by utilizing an existing southern roadway and includes three vehicular access points for improved circulation while meeting all setback and open-space requirements. Option 2 presents a mixed-use condo concept under a form-based zoning approach, with four stories of residential units above ground-floor parking and commercial space. This design includes approximately 100 units ranging from studios to three bedrooms, averaging 850–900 square feet, totaling about 104,000 square feet, along with 6,000 square feet of commercial frontage. Built with a concrete podium and wood framing above, the five-story structure incorporates 140 parking stalls with hydraulic lifts and shared rooftop amenities, delivering a flexible, efficient, and vibrant residential environment.

Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100

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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