Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
Listed by Legacy Real Estate & Associates, Grail Nitsch, Listing Contact: 650-772-1519

$2,000,000

0 Rucker AVE, Gilroy CA, 95020

Price per sqft$9.18
Lot size5 Acres
Property typeLand

Overview

Active

Listed Aug 21, 2025

Updated 9 days ago

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.

Additional information

MLS® ID
ML82018888

Exterior Features

Lot Size
5 Acres

Other Property Details

View
Yes
MLS provider logo

Listed by Legacy Real Estate & Associates, Grail Nitsch DRE:01304120,
Listing Contact: 650-772-1519 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Tera Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Tera Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

©2026 MLS Listings, Inc. All rights reserved. 2026

Data last updated 1:53 PM UTC, 9/28/2026

 

 

Powered by Luxury Presence