REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Grail Nitsch • Legacy Real Estate & Associates, DRE#01304120
$ 2,000,000
Est. payment /mo
Open Sat 1PM-4PM
0 Rucker AVE Gilroy, CA 95020
5 Acres Lot
Open House
Sun Aug 23, 1:00pm - 4:00pm
Sat Aug 29, 1:00pm - 4:00pm
Sun Aug 30, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Agriculture/Ranch Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82018888
Lot Size 5.000 Acres
Property Sub-Type Agriculture/Ranch Land
Property Description
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.
Location
State CA
County Santa Clara
Area Morgan Hill / Gilroy / San Martin
Zoning A20AC
Exterior
Fence Fenced
Utilities Available Electricity - On Site, Public Utilities
View Hills
Present Use Agricultural,Farm,Farm/Ranch
Building
Lot Description Agricultural Use, Farm Animals (Permitted), Grade - Level, Possible Lot Split, Views, Vineyard
Sewer Other
Water Well
Others
Tax ID 835-07-018
Horse Property Yes
Horse Feature Fenced, Pasture
Special Listing Condition Not Applicable
Copyright 2026 MLSListings Inc All rights reserved.
NEARBY SCHOOLS & PROPERTIES