Active

Rucker Avenue

Gilroy, CA 95020
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SqFt217,800

Sqft(Lot)

STOP SCROLLING. THIS IS THE DEAL YOUVE BEEN WAITING FOR. BUILD WORKFORCE HOUSING FOR FARM WORKERS ON THIS AGRICULTURAL LAND. 5 prime flat acres in Silicon Valley with direct frontage on US-101. Approximately 400,000 +/- cars pass this site every day. Most people see agricultural land. This is an income-producing asset. CA Governor signed new laws for work force housing on agriculture land. Here is the math: THE FINANCING: 1.0% fixed interest through USDA Section 514/516. This program provides low-cost capital for workforce housing development. THE SPEED: Under the California Employee Housing Act (AB 3035), this qualifies for by-right approval. Timeline is approximately 30-60 days to place modular units on-site. THE CASH FLOW:12 units at projected 2026 fair market rents generates $48,000 pe r month for 2 bedroom units, or nearly $300,000 annually in net cash flow. Immediate income: Develop 12 to 150 units of farmworker housing using subsidized 1% financing. The project is on schedule for a 100W three-phase power connection. The property is fully fenced. A new 300-foot agricultural well has been installed, producing approximately 200 gallons per minute & nursery license. Buyers should conduct full due diligence with new state laws and county. Buyer can farm it too.

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Detail Ic Property Details

Property Type : Land

Price : $2,000,000

AD Id : 66666409

MLS Id : ML82018888

Lot Size : 217,800 Sqft(Lot)

County : Santa Clara

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Feature Features

  • Bathroom Information

    Total Baths: 0

    Water/Sewer

    Water Source: Well Sewer: Other

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 5
  • Lot Size Source: Other Lot Size Square Feet: 217800

  • Listing Price Information

    Original List Price: 2,000,000 Listing Contract Date: 2025-08-21
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 83507018

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 699 - Not Defined Directions: It is at the end of the street of Rucker Ave and US 101 is the frontage. One can taken the Masten Exit, then take 6th street and turn left on Rucker. Go to the end of the street. It is on your right side with a flag outside the gate. Cross Street: Rucker Ave Zoning: A20AC Source Property Type: Land Area: 699 - Not Defined Property SubType: Agriculture
  • Building and Construction

    Structure Type: Agriculture Year Built Source: Vendor Enhanced
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Nearby Home Value

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3115 Leavesley Road, Gilroy, CA, 95020 $1,768,000 -- -- -- 931,748.40 Sqft(Lot)
2675 Pacheco Pass Highway, Gilroy, CA, 95020 $2,990,000 -- -- -- 836,352 Sqft(Lot)
2718 Ferguson Road, Gilroy, CA, 95020 $1,799,000 -- -- -- 728,758 Sqft(Lot)
2712 Ferguson Road, Gilroy, CA, 95020 $1,799,000 -- -- -- 728,758 Sqft(Lot)

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ByOwner last updated this listing 06/06/2026 @ 05:03

MLS: ML82018888 LISTED BY: Grail Nitsch, Legacy Real Estate & Associates 510-744-3500 SOURCE: CRMLS

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