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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 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.
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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