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Santa Clara 95020
0 Rucker Avenue
$2,000,000
↑ $200K (11.1%)
● Land - For Sale

0 Rucker Avenue

Gilroy, CA 95020
bedrooms
Studio
bathrooms
0 Bath
$9,821
Est. Monthly

About This Property

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.
Unit Size
-
Days on Market
439 days
Land Size
5.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

Listed By

Grail Nitsch
Legacy Real Estate & Associates

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Last updated: 3 months ago (MLSListings Inc. #ML82018888)

Price History

Date / Event Date Event Price
Mar 17, 2026 Price Increased $2,000,000
↑ $200K (11.1%)
Price Increased
Aug 21, 2025 Listed by Legacy Real Estate & Associates $1,800,000
Listed by Legacy Real Estate & Associates
Aug 9, 2017 Sold
Sold
Jan 26, 2017 Listed by NextHome Lifestyles $598,000
Listed by NextHome Lifestyles
**PRICE REDUCTION!!** Rucker Avenue & New Avenue, Gilroy. Beautiful 7 acre property right on the San Martin Wine Trail! Completely usable, flat parcel with views of the eastern foothills in Gilroy, between Coyote Lake and Harvey Bear Ranch. Perfect property to build your dream home, plant a vineyard or keep horses. Short drive to the Gilroy Outlets and Morgan Hill. Best of all, this property has conditional building site approval already! All necessary reports and documentation will come with the sale. Property is NOT in the Williamson Act! You can be building you new home this year!
Sep 22, 2015 Sold
Sold
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Property Highlights

With View
Exterior Details
Lot Features: Agricultural, Level, HorseProperty
Lot Size Area: 217800
Lot Size Units: Square Feet
Lot Size Acres: 5
Lot Size Square Feet: 217800
Water Source: Well
Utilities Details
Sewer : Other

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Santa Clara


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Frequently Asked Questions

When was property at 0 Rucker Avenue built and last sold?
The property at 0 Rucker Avenue was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 0 Rucker Avenue is $2,020,000.
What are some comparable homes to 0 Rucker Avenue?
There are currently no comparable homes to 0 Rucker Avenue.