- Status:
- Active
- MLS #:
- ML82018888
- County:
- Santa Clara
- Listed By:
- Grail Nitsch - Legacy Real Estate & Associates
- Agent Phone:
- (650) 772-1519
Sponsoring Broker: Mia Park, Intero
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 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. Buyer to verify new state and local laws and number of units.
Highlights
- Land
- Unimproved Land
- 5.0 Acre Lot
- 444 days on Market
-
- Acres
- 5.0
-
- Lot Features
- Level, Agricultural
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- View
- Hills
-
- Utilities
- Electricity Connected
-
- County
- Santa Clara
-
- City
- Gilroy
-
- Zip Code
- 95020
-
Nearby Schools
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53out of 100
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53out of 100
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54out of 100
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50out of 100
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54out of 100
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100out of 100
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52out of 100
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49out of 100
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72out of 100
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48out of 100
Disclaimer: ez Home Search School Ratings are on a scale of 1-100 and represent our evaluation of school quality based on academic performance, school resources, community feedback, and demographic factors. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
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There are currently 151 properties available in Gilroy, with 2 under contract to close soon. Properties in the city have an average sale price of $1,118,564 and typically spend 60 days on the market before being sold.
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Source: ez Home Search, MLS Data
Frequently Asked Questions
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How do I get more information about 0 Rucker Ave?
Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $2,000,000. We can talk through recent upgrades, potential seller motivation, how this unimproved land compares to others in Gilroy, and can even get you in to see the property quickly.
How much is the monthly mortgage payment for 0 Rucker Ave?
With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 0 Rucker Ave at around $11,381. This includes estimated property taxes and insurance.
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Can I negotiate the asking price for 0 Rucker Ave?
In most cases, yes. Whether 0 Rucker Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Gilroy's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.
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How long has this property been on the market?
0 Rucker Ave was listed on August 21, 2025, which means it's been on the market for 444 days.
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What is the lot size of this property?
0 Rucker Ave sits on a 5.0-acre lot, which is 217,800 square feet.
Is 0 Rucker Ave still available for sale?
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Source: ez Home Search, MLS Data
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