Spacious Fourplex in Morgan
105 Sanchez Dr, Morgan Hill, CA 95037
For Sale
$2,400,000
Fourplex in Morgan Hill, perfect for generating income.
Property Size3,172 SF
Lot Size0.31 Acres
Price / SF$756.62
Days on Market244
Property Features for 105 Sanchez Dr
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Morris Investment Associates, Inc.
Listed By:
Eli Gonzalez · License CA #01212955
(408) 887-8400
Source:
Elliman
Added: Mar 11
Changed: Aug 24
Last Checked: Jul 4 at 8:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Morris Investment Associates, Inc.
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Investment Insights
Based on property information with market context.
This fourplex is located in Morgan Hill. The property includes 3,172 square feet of living space and is situated on a 13,700-square-foot lot. The main house features three bedrooms and two bathrooms. The main home boasts hardwood and tile flooring. Central air conditioning and a fireplace are included. Additional window/wall units are available for climate control.
Key Highlights
- Fourplex property ideal for income generation.
- Spacious 3,172 sq ft living space on a large 13,700 sq ft lot.
- Main house features three bedrooms and two bathrooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,629
Cap Rate
2.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,432,580
$1.4M
Cap Rate 7%
$1,023,271
$1.0M
Cap Rate 9%
$795,878
$795.9K
Market Conditions
NOI Build-Up for 3,172 SF
Gross rent
$106.6K $33.60/SF
− Vacancy
−$4.3K −$1.34/SF
EGI
$102.3K $32.26/SF
− OpEx
−$30.7K −$9.68/SF
NOI
$71.6K $22.58/SF
Area
Santa Clara County, CA
Vacancy
3.99%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,432,580
Cap Rate 7%
$1,023,271
Cap Rate 9%
$795,878
Alternative Uses
Best Use
Multifamily LT 5
$1.02M
$895.4K – $1.19M
NOI $71,629 @ 7.0% cap · market cap 2.98%
Second Best
Apartment 5plus
$945.5K
$827.3K – $1.10M
NOI $66,185 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$1.91M
$1.68M – $2.23M
NOI $134,049 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
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Business Placement
Demographics for 95037, CA
53,126
Population
17,185
Households
3.1
Avg Household Size
41
Median Age
44%
College-Educated
90%
High-School Grad
120.1 sq mi
ZIP Area
442
Density / Sq Mi
$158,256
Median Household Income
$71,130
Median Earnings
$2,242
Median Rent
$1,152,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Quadplexes in Santa Clara County, CA
Properties on Market for Quadplexes in Santa Clara County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex in Morgan Hill, perfect for generating income.
Where is this quadplex located?
The property is located at 105 Sanchez Dr Morgan Hill, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Fourplex property ideal for income generation.; Spacious 3,172 sq ft living space on a large 13,700 sq ft lot.; Main house features **three bedrooms and two bathrooms.**
