584-586 Monterey Rd

Morgan Hill, CA 95037

$3,149,888
Price
Beds
Baths
1,879 Sq. Ft.
$1,676 / Sq. Ft.
1,879
Sq. Ft.
$1,676
per Sq. Ft.

Description

Incredibly unique property in North Morgan Hill. 4 single family homes on 3 separate lots. 584 Monterey Road: 2 bed 1 bath home on 0.5 acres with a 2 car garage (APN 725-11-007). 585 Monterey Road: 4 bed 1 bath home + upstairs living area, on 1 acre with a studio/cottage, 2800 sq ft Barn, and a detached single car garage (APN 725-11-008). 586 Monterey Rd: 3 bed 1 bath home on 0.68 acre with an outbuilding (APN 725-11-020). Incredible income potential. All units are occupied with long term tenants...Incredibly unique property in North Morgan Hill. 4 single family homes on 3 separate lots. 584 Monterey Road: 2 bed 1 bath home on 0.5 acres with a 2 car garage (APN 725-11-007). 585 Monterey Road: 4 bed 1 bath home + upstairs living area, on 1 acre with a studio/cottage, 2800 sq ft Barn, and a detached single car garage (APN 725-11-008). 586 Monterey Rd: 3 bed 1 bath home on 0.68 acre with an outbuilding (APN 725-11-020). Incredible income potential. All units are occupied with long term tenants who would like to remain. Gross monthly income $10,200 total. All flat, lots of space & parking, easy access. Close to freeway access. Shared water / well. Square footage numbers are all approximate / estimates. Please do not drive onto the property or disturb tenants!
  1. Listed by Roger Malech • DRE #00835463 • Brokerage DRE #01354442 • Intero Real Estate Services • 408-201-0132
  2. Listed by Robert Malech • DRE #01294130 • Brokerage DRE #01965355 • KW Silicon City

Property Details for 584-586 Monterey Road

MLS City Name
MORGAN HILL
Building Type
OTHER
Garage Spaces
1
Parking Spaces
1
Cross Street
Koyanagi Ave.
LISTING UPDATED: 03/12/2025 12:01 PM

Property Details for 584-586 Monterey Road

StatusActive
MLS #ML81996611
Days on Compass25
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeRESIDENTIAL INCOME / OTHER
Year Built1900
Lot Size2.18 AC / 94,960 SF
CountySanta Clara County

Building Information for 584-586 Monterey Road

Stories1Residences-Year Built1900Lot Size2.18 AC / 94,960 SF

Property Information for 584-586 Monterey Road

Features
External Links
Room Information
  • Kitchen: Countertop - Tile
Features
  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Laundry: Hookups Only
  • Living SqFt: 1879
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Septic Standard
  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas
  • Water: Well
Carport and Parking
  • Carport Min: 1
Garage
  • Garage and Parking: Detached Garage, Room for Oversized Vehicle
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Morgan Hill / Gilroy / San Martin
  • Roof: Composition
  • Subclass: Multiple Dwellings / Structures
  • Year Built Source: Assessor
  • Street Number: 584-586
  • Street Name: Monterey
  • Street Suffix: Road
  • Area ID: 1
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 4
  • Structure SqFt: 1879
  • Structure SqFt Source: Assessor
  • Age: 125
Development Information
  • Zoning Detail: A-40A
Location Information
  • City Limits: No
  • Directions: Heading north on Monterey Road from Morgan Hill, property is on the right, just before Koyanagi Ave.
  • Incorporated: No
  • Parcel Number: 725-11-008
  • County Name: Santa Clara
  • City Name: MORGAN HILL
  • City Postal ID: 39
  • Postal Code: 95037
  • Elementary School District: 480
  • High School District Text: Morgan Hill Unified
Lot Information
  • Foundation: Raised
  • Horse Property: Possible
  • Lot Acres: 2.18
  • Lot Description: Horses Possible
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $0
  • Capitalization Rate: 3.89
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $0
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $0
  • Operating Expenses Include: Other
  • Gross Rent Multiplier: 25.73
  • Income Annual Gross: $122,400
  • Income Annual Rental: $122,400
  • Income Gross Scheduled: $122,400
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,450
Unit 2 Information
  • Unit 2 Approx Square Footage: 500
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,100
Unit 3 Information
  • Unit 3 Approx Square Footage: 1600
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 4
  • Unit 3 Rent: $2,850
Unit 4 Information
  • Unit 4 Approx Square Footage: 1749
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 3
  • Unit 4 Rent: $2,800
Unit Type 1
  • Unit Type1 Approx SqFt: 900

Property History for 584-586 Monterey Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 584-586 Monterey Road

This home is within Morgan Hill Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Los Paseos Elementary School
PublicK to 5

Martin Murphy Middle School
Public6 to 8

Ann Sobrato High School
Public9 to 12

Charter School Of Morgan Hill
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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584-586 Monterey Road is for sale in Morgan Hill, CA 95037. This property was listed for sale on March 5, 2025 by Intero Real Estate Services, it's currently listed at $3,149,888. This listing's school district is Morgan Hill Unified School District. Nearby schools include Los Paseos Elementary School, Martin Murphy Middle School and Ann Sobrato High School. 584-586 Monterey Road is a 0-bed, 0-bath, 1,879 sqft built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Intero Real Estate Services, Roger Malech, DRE #00835463; KW Silicon City, Robert Malech, DRE #01294130

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.