$2,475,000

1180 Driftwood Terrace, Gilroy CA, 95020

Price per sqft$296.90

Built in1965

Property size8,336 sqft

Property typeCommercial

Listed by Jimmy Castellanos CA DRE# 02024152 with Marcus & Millichap 408-483-5040

Overview

Active

Listed Sep 22, 2026

Updated 2 weeks ago

1180 Driftwood Terrace, an 11-unit multifamily investment opportunity located in Gilroy, California. Held by the same family since 1986, the property reflects nearly four decades of consistent, hands-on ownership a rare tenure that has preserved the asset's character while providing the operational continuity today's investors look for. Situated on an approximately 22,000-square-foot lot with 8,336 square feet of building area, 1180 Driftwood Terrace has been well maintained throughout its ownership history, offering an incoming buyer a proven income-producing asset with a stable operating foundation and clear runway for additional upside.

Additional information

MLS^® ID: ML82062240

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.51 Acres

Other Property Details

Taxes: $30,063
Tax Frequency: Annually
Maintenance Expense: $5,500

Listed by Jimmy Castellanos CA DRE# 02024152 with Marcus & Millichap 408-483-5040

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/23/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 9/23/2026 at 6:38 AM UTC Last Checked: 6:38 AM UTC