$2,475,000

1180 Driftwood Terrace, Gilroy CA, 95020

Price per sqft$296.90

Built in1965

Property size8,336 sqft

Property typeCommercial

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, Marcus & Millichap, CA DRE 02024152

Listing Contact: 408-483-5040

Based on information from the CRISNet MLS as of 9/23/2026, 4:39 AM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.