Gilroy, CA 95020
$2,000,000
Bed
0
Bath
0
Living Space
N/A SqFt
Year Built
N/A
Lot Size
5.00 Acres
Days
373
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.
Listing provided courtesy ofGrail Nitsch License 01304120 Legacy Real Estate & Associates
Data provided by MLSListings Inc.
Sunday, August 30
8:00 PM – 11:00 PM
- Rucker Elementary School (Elementary) - GreatSchools rating 5/10 School District: Gilroy Unified School District
Within a 1-2 mile radius of 0 Rucker Avenue, Gilroy, CA, 95020, several parks and recreation areas are available. These include San Ysidro Park, which offers playgrounds, picnic sites, and sports facilities, as well as Christmas Hill Park and Las Animas Park, both providing trails and open spaces for various activities.
The neighborhood is part of Gilroy, California, a city known as the "Garlic Capital of the World" and characterized by its agricultural roots and a strong community spirit. Gilroy offers a blend of residential areas, parks, and retail destinations, including the Gilroy Premium Outlets and a historic downtown with diverse businesses. The community is ethnically diverse, with a significant Hispanic or Latino population.
This location has a Walk Score of 66 out of 100, indicating it is "Somewhat Walkable," meaning some errands can be accomplished on foot. Public transportation options include bus lines such as the 84 Gilroy TC - St. Louise Hosp via Gilroy Outlets and the Rapid 568 Gilroy TC - San Jose Diridon, with the Gilroy Transit Center located approximately 0.5 miles away.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
- Rucker Elementary School (Elementary) - GreatSchools rating 5/10 School District: Gilroy Unified School District
Within a 1-2 mile radius of 0 Rucker Avenue, Gilroy, CA, 95020, several parks and recreation areas are available. These include San Ysidro Park, which offers playgrounds, picnic sites, and sports facilities, as well as Christmas Hill Park and Las Animas Park, both providing trails and open spaces for various activities.
The neighborhood is part of Gilroy, California, a city known as the "Garlic Capital of the World" and characterized by its agricultural roots and a strong community spirit. Gilroy offers a blend of residential areas, parks, and retail destinations, including the Gilroy Premium Outlets and a historic downtown with diverse businesses. The community is ethnically diverse, with a significant Hispanic or Latino population.
This location has a Walk Score of 66 out of 100, indicating it is "Somewhat Walkable," meaning some errands can be accomplished on foot. Public transportation options include bus lines such as the 84 Gilroy TC - St. Louise Hosp via Gilroy Outlets and the Rapid 568 Gilroy TC - San Jose Diridon, with the Gilroy Transit Center located approximately 0.5 miles away.
This neighborhood information is AI-generated based on the property address and publicly available data. Please verify important information independently. Do not rely solely on this information for property decisions. RoostHaven makes no warranties and assumes no liability for the accuracy or completeness of AI-generated information. School boundaries, ratings, and local amenities may change over time.
