15195 Olive Ave , Morgan Hill, CA 95037
$1,867,700
Est. Payment: $9,892.56/mo
0 Bed
0 Bath
700 Sqft
Status: Active Under Contract | Days on site: 25
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ML37866 - ML304458
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House Description

Exceptional opportunity to acquire one of Morgan Hill's premier future potential development properties, offered for sale on the MLS for the first time in generations. This rare +-9.83-acre parcel has been proudly held by the same family for multiple generations and presents a unique investment opportunity directly adjacent to the Morgan Hill city limits. Although currently located within unincorporated Santa Clara County, the City of Morgan Hill has designated the property Residential Detached Medium in its General Plan, potentially allowing for a planned density of up to 7 dwelling units/acre in the future upon annexation. Another opportunity is to create an exceptional rural estate, with the potential to construct a custom single-family residence, ADU, and Jr ADU. The property is currently leased to a local farmer, providing agricultural income while preserving its long-term investment potential. Existing improvements include an old farmhouse and three mobile homes. An adjoining +-12.5-acre sister parcel to the east is also available for purchase, offering buyers the flexibility to acquire one or both properties and create a significant future landholding in one of Morgan Hill's most desirable growth corridors. Rarely does an opportunity of this caliber become available.

Highlights

Listed by Matthew Telfer , 408-691-1982 South County Realty Mh , 408-779-3146. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
9.83

Year Built

1900

County

Santa Clara

Area

699 - Not Defined

School District

Other

Listing ID

ML82055399

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:Well

Exterior Features

Lot:Level,No Land Lease
Garage Capacity:0
Zoning:A-20A
Roof:Elastomeric,Metal,Other
Others:
  • Additional:Has ADU
Principal Interest
$9,893
Taxes
$1,191

Home Price

$1,867,700

Loan Details

30 yrs
6.952%

Down Payment

20%
$373,540
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$9,892.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $9,892.56 $1,190.66 $0.00 $11,083.22
Yearly $118,710.77 $14,287.91 $0.00 $132,998.67
Total $3,561,322.97 $428,637.15 $0.00 $3,989,960.12

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Morgan Hill, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T15:01:48.000Z

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