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.
| MLS # | ML82062240 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 40 |
| Listing Provided By | Marcus & Millichap | Jimmy Castellanos |
| SQ Feet | 8,336 |
|---|---|
| Car Port | Yes |
| Building(s) | 1 |
| Zoning | R3 |
| Acreage | 0.51 |
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Roof | Composition, Shingle |
|---|
| Property | 30063 |
|---|
| State | CA |
|---|---|
| County | Santa Clara |
| City | Gilroy |
| Zip Code | 95020 |
| Area | 699 Not Defined |
| Listing VS Median (in 95020) | |
Price: $2,475,000 low | high Med: $1,120,000 sqft: 8,336 low | high Med: 2,160 $ / sqft: $297 low | high Med: $519 On site: 40 low | high Med: 79 | |
| State | CA |
|---|---|
| County | Santa Clara |
| City | Gilroy |
| Zip Code | 95020 |
| Area | 699 Not Defined |
| Listing VS Median (in 95020) | |
Price: $2,475,000 low | high Med: $1,120,000 sqft: 8,336 low | high Med: 2,160 $ / sqft: $297 low | high Med: $519 On site: 40 low | high Med: 79 | |