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$2,000,000

0 Rucker Avenue

Gilroy, CA 95020

Active

Santa Clara

County

Agriculture

Property Type

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 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.

Listed by Grail Nitsch · DRE #01304120 · Legacy Real Estate & Associates

MLS #1128341749

ListedAug 21, 2025

Property Details

Architecture

StoriesN/A

StyleN/A

Total UnitsN/A

RoofN/A

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingN/A

FireplaceN/A

LaundryN/A

Parking FeaturesN/A

Parking Total0

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size5.00 ac

Lot FeaturesAgricultural, Horse Property, Level

ViewHills

DirectionsIt 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

Community

Area699 - Not Defined

School DistrictGilroy Unified

Tax & Financial

TermsN/A

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$10,645/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 11:45 PM

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