Residential Income Property with
239 Harvest Lane 239, Morgan Hill, CA 95037
For Sale
$479,000
Triplewide residence in a resident-owned 55+ community with a remodeled kitchen, private yard, and substantial supplemental living space.
Property Size1,520 SF
Price / SF$315.13
Days on Market50
Property Features for 239 Harvest Lane 239
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
HOA Fee
Multifamily Units
Listing Agency:
Heritage Realty Team
(408) 612-4400
Listed By:
Susan Fick
(408) 857-0119
Source:
Kaleorealestate
Added: Sep 21
Changed: Nov 8
Last Checked: Nov 8 at 5:45AM
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 Heritage Realty Team
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Investment Insights
Based on property information with market context.
This 1,520-square-foot triplewide immobile home in Woodland Estates provides three bedrooms, two bathrooms, and a two-car garage. An enclosed sunroom extends the usable interior and can accommodate relaxation, entertaining, hobbies, or group gatherings. The private yard features mature landscaping and a low-maintenance, zero-lot-line-style layout. Interior improvements include a remodeled kitchen with a gas range and microwave, plus a primary suite with an updated bathroom, dual sinks, extensive cabinetry, and a stall shower.
The home has a newer heat pump and air-conditioning system, water heater, and garage door motor. Copper plumbing runs throughout, while earthquake bracing adds structural reinforcement. Garage storage includes a loft with a pull-down ladder. A new roof and Section 1 pest clearance are scheduled for completion before closing. Woodland Estates is a resident-owned 55+ community at 239 Harvest Lane in Morgan Hill, California.
The home has a newer heat pump and air-conditioning system, water heater, and garage door motor. Copper plumbing runs throughout, while earthquake bracing adds structural reinforcement. Garage storage includes a loft with a pull-down ladder. A new roof and Section 1 pest clearance are scheduled for completion before closing. Woodland Estates is a resident-owned 55+ community at 239 Harvest Lane in Morgan Hill, California.
Key Highlights
- 1,520‑square‑foot triplewide immobile home with 3 bedrooms and 2 bathrooms
- Enclosed sunroom adds substantial flexible interior space
- Two‑car garage with loft storage and pull‑down ladder
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,715
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,300
$634.3K
Cap Rate 7%
$453,071
$453.1K
Cap Rate 9%
$352,389
$352.4K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$60.2K $39.60/SF
− Vacancy
−$2.5K −$1.66/SF
EGI
$57.7K $37.94/SF
− OpEx
−$25.9K −$17.07/SF
NOI
$31.7K $20.87/SF
Area
Santa Clara County, CA
Vacancy
4.20%
Lease Rate
$39.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,300
Cap Rate 7%
$453,071
Cap Rate 9%
$352,389
Alternative Uses
Best Use
Apartment 5plus
$453.1K
$396.4K – $528.6K
NOI $31,715 @ 7.0% cap · market cap 6.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$917.6K
$802.9K – $1.07M
NOI $64,235 @ 7.0% cap · market cap 13.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
Explore this area
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
$1,152,400
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Santa Clara County, CA
Properties on Market for Residential income properties in Santa Clara County
Frequently Asked Questions
What type of property is this?
Residential income property - Triplewide residence in a resident-owned 55+ community with a remodeled kitchen, private yard, and substantial supplemental living space.
Where is this residential income property located?
The property is located at 239 Harvest Lane 239 Morgan Hill, CA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: 1,520‑square‑foot triplewide immobile home with 3 bedrooms and 2 bathrooms; Enclosed sunroom adds substantial flexible interior space; Two‑car garage with loft storage and pull‑down ladder
