55 E 1st Street, Morgan Hill, California 95037, Morgan Hill, 95037 - 4 bed, 2 bath
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Morgan Hill, California 95037
Analysis of 55 E 1st Street, Morgan Hill, California 95037 is currently available with a list price of $6,688,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 extensive renovation needed.
The property consists of multiple residential and office structures built in 1956 that have not undergone significant recent renovations. The listing's own analysis identifies 'Aging Infrastructure' as a weakness, noting that significant maintenance or modernization costs are required. The primary value of this listing is tied to its 'redevelopment potential' within the Downtown Specific Plan rather than the quality of the existing improvements. While currently habitable and generating income, the structures are dated and likely possess original or near-original systems and finishes that require substantial rehabilitation to meet modern standards.
Situated just steps from Monterey Road, this property offers exceptional walkability to Morgan Hill's premier dining and retail, ensuring high tenant demand and visibility.
As part of the Downtown Specific Plan area, this multi-parcel assemblage provides a rare opportunity for high-density future development with substantial long-term upside.
The portfolio generates strong in-place income from a mix of residential and office units, offering stability for 1031 exchange buyers while planning for future use.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1300, other record living area = 600. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 1.
With the primary structures built in 1956, the property may require significant maintenance or modernization costs to sustain current income levels prior to redevelopment.
Managing a diverse assemblage of multiple contiguous parcels and mixed-use tenants requires more intensive oversight than a standard single-family or commercial investment.
Rare opportunity to acquire a downtown Morgan Hill commercial assemblage consisting of multiple contiguous parcels improved with residential homes and office suites. The portfolio generates strong in-place income and offers long-term redevelopment potential within the Downtown Specific Plan area. Located just steps from Monterey Road with convenient access to restaurants, retail, and Highway 101. Ideal for investors, developers, or 1031 exchange buyers seeking stable income with future upside in a prime downtown location. The offering includes 55 1st Street(ML82040862), 57 E 1st Street(ML82040868), 70 & 74 E Main Street, and 50 E Main Street(ML82040862). Marketing package is in the disclosure link.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 34% |
| Square foot | 1,300 | 2,489.5 | 18% |
| Lot Size | 6,400 | 9,378 | 27% |
| Price | $6.69M | $1.55M | 99% |
| Price per sq ft | $5.1K | $667 | 99% |
| Built year | 1956 | 1991 | 12% |
| HOA | $0 | $82 | 43% |
| Days on market | 23 | 148 | 1% |
Mar 30, 2026
$6,688,000
Initial Listing