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
405
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.
- Rucker Elementary School (Elementary) - GreatSchools rating 7/10 - No middle school listed as assigned. - No high school listed as assigned. School District: Gilroy Unified School District
Within a 1-2 mile radius of 0 Rucker Avenue, Gilroy, CA, 95020, several parks and recreational areas are available. These include Renz Park, Las Animas Park, and Miller Park. Christmas Hill Park, known for its soccer fields and open areas, is also nearby. Additionally, Gilroy Sports Park offers walking and running routes, along with amenities like a playground and picnic sites.
The address is located in Gilroy, California, a city described as an affordable and family-friendly "bedroom community" for Silicon Valley. Gilroy is known for its diverse population, with a significant Hispanic or Latino presence. The city has a historic downtown district undergoing revitalization and is a major retail and employment destination. Many residents commute to nearby Silicon Valley for work.
This location has a Walk Score of 82 out of 100, indicating it is "Very Walkable," meaning most errands can be accomplished on foot. Transit options include bus routes such as the 85 Gilroy TC - St. Louise Hosp via West Gilroy and the 68 San Jose Diridon - Gilroy TC. The address is also a 14-minute walk from the Gilroy Caltrain Northbound stop. A Transit Score is not readily available for this specific address.
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 7/10 - No middle school listed as assigned. - No high school listed as assigned. School District: Gilroy Unified School District
Within a 1-2 mile radius of 0 Rucker Avenue, Gilroy, CA, 95020, several parks and recreational areas are available. These include Renz Park, Las Animas Park, and Miller Park. Christmas Hill Park, known for its soccer fields and open areas, is also nearby. Additionally, Gilroy Sports Park offers walking and running routes, along with amenities like a playground and picnic sites.
The address is located in Gilroy, California, a city described as an affordable and family-friendly "bedroom community" for Silicon Valley. Gilroy is known for its diverse population, with a significant Hispanic or Latino presence. The city has a historic downtown district undergoing revitalization and is a major retail and employment destination. Many residents commute to nearby Silicon Valley for work.
This location has a Walk Score of 82 out of 100, indicating it is "Very Walkable," meaning most errands can be accomplished on foot. Transit options include bus routes such as the 85 Gilroy TC - St. Louise Hosp via West Gilroy and the 68 San Jose Diridon - Gilroy TC. The address is also a 14-minute walk from the Gilroy Caltrain Northbound stop. A Transit Score is not readily available for this specific address.
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.
