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

home-pic
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
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82017203
Home ConditionFair
Features
Good View:
Patio
View-

About this home

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
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (123 Listings)
Beds24
5%
Baths13
2%
Square foot1,2002,460
6%
Lot Size728,7587,020
99%
Price$1.96M$1.23M
90%
Price per square foot$1,633$517.5
99%
Built year19379990999
5%
HOA
Days on market91152
20%
Condition Rating
Fair

The main home was built in 1937, making it a very old property. The complete absence of interior images for both the main home and the converted barn strongly suggests that neither has undergone significant, recent renovations to modern standards. While the properties are currently leased, indicating they are functional, their age and lack of visual updates imply that the interiors (kitchen, bathroom, flooring, etc.) are likely outdated and would require minor updates or show signs of significant age and wear.
Pros & Cons

Pros

Multiple & Diversified Income Streams: The property boasts significant income potential from multiple sources: a leased main home ($3,250/month), a leased barn conversion ($2,915/month), additional storage ($500/month), and land lease ($850/acre/year), offering strong cash flow and investment appeal.
Expansive Acreage & Rural Lifestyle: With 16.73± acres, the property provides ample space for privacy, agricultural pursuits, or recreational activities, appealing to buyers seeking a rural lifestyle with room to grow.
Versatile Investment Opportunity: This property is an excellent opportunity for investors due to its strong, diversified income streams, or for owner-occupants desiring rural living with substantial rental income to offset costs.
Strategic Location & Accessibility: Located minutes from major retail outlets (Gilroy Premium Outlets, Costco, Lowes, Home Depot) and with easy access to Hwy 101 and Hwy 152, it offers a convenient balance of rural tranquility and urban amenities, including a reasonable commute to Silicon Valley.
Independent Living Units: The presence of two separate residential units (main home and barn conversion), each with its own entrance and fenced yard, enhances privacy for tenants and flexibility for the owner.

Cons

Age of Structures: Built in 1937, the main home and barn conversion are older structures, which may imply the need for significant capital investment in updates, repairs, or modernization to meet contemporary standards or maximize rental value.
Shared Utility Dependence: The reliance on a shared domestic well introduces potential complexities regarding water rights, maintenance responsibilities, and potential for disputes among users, which could be a concern for a buyer.
Modest Main Home Size: The main home's relatively small size (1,200 sqft, 2 beds, 1 bath) might not align with the expectations of buyers looking for a larger primary residence on a property of this substantial acreage, potentially limiting the buyer pool.

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