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2712 Ferguson Road, Gilroy, California 95020, Gilroy, 95020 - 2 bed, 1 bath

2712 Ferguson Road, Gilroy, California 95020 home-pic-0
ACTIVE$1,959,000
2712 Ferguson Road, Gilroy, California 95020
2Beds
1Bath
1,200Sqft
728,758Lot
Year Built
1937
Close
-
List price
$1.96M
Original List price
$1.96M
Price/Sqft
$1,633
HOA
-
Days on market
-
Sold On
-
MLS number
ML82017203
Home ConditionPoor
Features
Good View:
Patio
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $1.96M(90th), sqft - 1200(5th), beds - 2(5th), baths - 1(2th).

Rare opportunity to own 16.73± acres featuring a main home, a converted barn/workshop, and multiple income streams. The main home is approx. 1,200 sqft with 2 bedrooms and 1 bath, currently leased at $3,250/month. The barn conversion is approx. 1,500 sqft with 1 bedroom, 1 bath, and a large garage, currently leased at $2,915/month. Additional storage is leased month-to-month at $500/month, and the yard was previously leased at $2,500/month (currently vacant). Each home has a separate entrance and fenced yard. The land is leased at $850 per acre/year. Shared domestic well. Excellent opportunity for investors or those seeking rural living with strong income potential. Located minutes from Gilroy Premium Outlets, Costco, Lowes, and Home Depot, with easy access to Hwy 101 and Hwy 152. Only about 40 minutes from Silicon Valley.

Price History

Date
Event
Price
08/06/25
Listing
$1,959,000
Condition Rating
Poor
The main home was built in 1937, making it 87 years old, and the listing explicitly notes its 'Advanced Age' as a weakness, stating it 'may require significant updates, maintenance, or renovation to meet contemporary living standards and expectations.' There is no mention of recent major renovations. While currently leased, indicating it's livable, the age and lack of updates strongly suggest the kitchen, bathroom, and other major systems are severely outdated and likely require substantial repairs and rehabilitation to meet modern standards. Without interior images, we infer from the age and description that the property is far from move-in ready in terms of condition and style.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 728758, living area = 1200.
Exceptional Income Generation: The property boasts multiple established income streams from two residential units, storage, and land leases, offering significant cash flow and strong investor appeal.
Expansive Acreage: A substantial 16.73-acre lot provides ample space for privacy, potential expansion, agricultural pursuits, or recreational use, a rare find in the region.
Versatile Living Arrangements: Features a main home and a converted barn, each with separate entrances and fenced yards, ideal for multi-generational living or continued rental diversification.
Strategic Commuter Location: Conveniently located minutes from essential amenities like major retail outlets and easy access to Hwy 101 and Hwy 152, with a reasonable commute to Silicon Valley.
Rural Lifestyle with Urban Proximity: Offers the tranquility and space of rural living while maintaining close access to shopping, services, and major employment centers.

Cons

Advanced Age of Main Residence: Built in 1937, the main home may require significant updates, maintenance, or renovation to meet contemporary living standards and expectations.
Shared Domestic Well: Reliance on a shared well introduces potential complexities regarding water rights, maintenance responsibilities, and supply consistency, especially during dry periods.
Partial Income Vacancy: The previously leased yard, a significant income source at $2,500/month, is currently vacant, impacting immediate cash flow and requiring effort to re-establish.

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