
Morgan Hill, California 95037
Analysis of 15195 Olive Avenue, Morgan Hill, California 95037 is currently available with a list price of $1,867,700. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Morgan Hill Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1900 and marketed primarily for land value and future development potential. The existing farmhouse and mobile homes are over 50 years old with no evidence of significant renovations, featuring outdated and exposed electrical systems that likely present safety concerns.
Designated as Residential Detached Medium in the General Plan, this parcel offers a rare opportunity for future annexation and high-density development of up to 7 units per acre.
Spanning nearly 10 acres directly adjacent to Morgan Hill city limits, the property provides exceptional scale for a premier residential community or a massive private rural estate.
The property is currently leased for agricultural use and includes multiple existing residential units, providing an active income stream while the owner navigates the development or permitting process.
Currently located in unincorporated Santa Clara County, the property's full development value is contingent upon a successful and potentially lengthy annexation process by the City of Morgan Hill.
The existing 1900s farmhouse and mobile homes likely offer minimal contributory value and may require significant demolition or clearing costs to prepare the site for its highest and best use.
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.
No exterior & parking available.
No sensitive facilities data found.
Jul 24, 2026
$1,867,700
Initial Listing