- $2M Price
- 5 Acres
- 386 DOM
Rucker Avenue
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.
Essential Information
- MLS® #ML82018888
- Price$2,000,000
- Bathrooms0.00
- Acres5.00
- TypeLand
- Sub-TypeAgriculture
- StatusActive
Community Information
- AddressRucker Avenue
- Area699 - Not Defined
- CityGilroy
- CountySanta Clara
- Zip Code95020
Amenities
- UtilitiesElectricity Available
- ViewHills
Exterior
Lot Description
Agricultural, Horse Property, Level
School Information
- DistrictGilroy Unified
Additional Information
- Date ListedAugust 21st, 2025
- Days on Market386
- ZoningA20AC
Listing Details
- AgentGrail Nitsch
Office
Legacy Real Estate & Associates
Price Change History for Rucker Avenue, Gilroy, (MLS® #ML82018888)
| Date | Details | Change |
|---|---|---|
| Price Increased from $1,800,000 to $2,000,000 |
Grail Nitsch, Legacy Real Estate & Associates.
Based on information from California Regional Multiple Listing Service, Inc. as of September 11th, 2026 at 2:59pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.