0 Rucker AVE, Gilroy, CA 95020
0 Rucker AVE, Gilroy, CA 95020
0 Rucker AVE, Gilroy, CA 95020
0 Rucker AVE, Gilroy, CA 95020
0 Rucker AVE, Gilroy, CA 95020
0 Rucker AVE, Gilroy, CA 95020
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Ruby Raymond

Ruby Raymond

+1(805) 201-6341
$ 2,000,000
Est. payment | /mo

5 Acres Lot

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$ 2,000,000
Est. payment | /mo
Save Virtual Tour

5 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Agriculture

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82018888

HOA Y/N No

Lot Size 5.000 Acres

Property Sub-Type Agriculture

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 699 - Not Defined

Zoning A20AC

Interior

Fireplace No

Exterior

Utilities Available Electricity Available

View Y/N Yes

View Hills

Present Use Agricultural

Building

Lot Description Agricultural, Horse Property, Level

Sewer Other

Water Well

Schools

School District Gilroy Unified

Others

Tax ID 83507018

Horse Property Yes

Special Listing Condition Standard

Virtual Tour https://youtu.be/u44nGDTK4gY?si=fRBjJFwSTZKacalL

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Listed by Grail Nitsch Legacy Real Estate & Associates #01304120

NEARBY SCHOOL & BUSINESS

REVIEWS

Ximena Ames Nugent

Professional & Paid Attention to My Needs

I am very impressed with the professionalism of this team! They worked very hard with terrific attention to details and respect for my needs. I would highly recommend Ruby and Patrick as they are knowledgeable, and dedicated to their clients.

Jeff M

Purchase

Ruby and the Raymond Team were great. We're in our new home right now writing this. Ruby helped make this happen and if you are looking for a home in the 5 Cities area I suggest you give Ruby a call. Thanks Ruby, SM

RonSteinback

The broker that everyone hopes to hire!

Patrick listed and sold two properties for me this year, and I intend to use him on a third transaction. Patrick is responsive and knows the local area. I am a broker myself, but located in southern California. Patrick is the broker that everyone hopes to hire!

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How Does The Raymond Team Deliver Exceptional Real Estate Service?

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Ruby Raymond
Ruby Raymond

Broker Associate License ID: 01342959

+1(805) 201-6341 | homes@raymondteamre.com

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By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Ruby Raymond, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.