0 Rucker Avenue, Gilroy, CA 95020

Gilroy
Local realty services provided by:ERA North Orange County Real Estate
0 Rucker Avenue,Gilroy, CA 95020
$2,000,000
  • 5 Acres
  • Lots / Land
  • Active
Listed by: grail nitsch
Office: legacy real estate & associates510-744-3500
MLS#:ML82018888
Source:CRMLS

Price summary

  • Price:$2,000,000

About this home

BUILD 150 WORK FORCE HOUSING UNITS. 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 for a 100W three-phase power connection. The property is fully fenced. A new 300-foot...

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Home facts

  • Listing ID #:ML82018888
  • Added:388 day(s) ago
  • Updated:September 14, 2026 at 11:13 AM

Structure and exterior

  • Lot area:5 Acres
  • Lot Features:Agricultural, Horse Property, Level with Street

Utilities

  • Water:Well

Finances and disclosures

  • Price:$2,000,000
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