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0 Rucker Avenue, Gilroy, CA 95020

Gilroy
Local realty services provided by:CENTURY 21 Wildwood Properties, Inc.
0 Rucker Avenue,Gilroy, CA 95020
$2,000,000
  • 5 Acres
  • Lots / Land
  • Active
Listed by: grail nitsch
Office: legacy real estate & associates
MLS#:ML82018888
Source:Bay East, CCAR, bridgeMLS

Price summary

  • Price:$2,000,000

About this home

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 per 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...

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Home facts

  • Listing ID #:ML82018888
  • Added:342 day(s) ago
  • Updated:July 30, 2026 at 02:46 PM

Structure and exterior

  • Lot area:5 Acres
  • Lot Features:Level, Vineyard
  • Architectural Style:Unimproved Land
  • Exterior Features:Agricultural, Level

Finances and disclosures

  • Price:$2,000,000
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at July 30, 2026 CA_BRIDGEMLS Member Broker: Alison Daniels

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