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1180 Driftwood Terrace , Gilroy, CA 95020
$2,475,000
Est. Payment: $13,109.22/mo
0 Bed
0 Bath
8336 Sqft
Status: Active | Days on site: 1
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ML88226 - ML5073942,ML5083433
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Chris Heller
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House Description

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.
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Highlights

Listed by Jimmy Castellanos , 408-483-5040 and Joshua Johnson , 650-391-1784 Marcus & Millichap , (650) 391-1700. CRMLS/Multi-Regional MLS mls logo

Property Type

Commercial Sale
Lot/Acreage
0.51

Year Built

1965

County

Santa Clara

Area

699 - Not Defined

 School District

Gilroy Unified

Listing ID

ML82062240

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:0
  • ▪ Bathrooms:0
  • ▪ Full Bathrooms:
Air Cond:Wall/Window Unit(s)
Fireplaces:
Water:Public

Exterior Features

Lot:No Land Lease
Garage Capacity:7
Zoning:R3
Roof:Composition,Shingle
Principal Interest
$13,109
Taxes
$2,505

Home Price

$2,475,000

Loan Details

30 yrs
6.952%

Down Payment

20%
$495,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$13,109.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $13,109.22 $2,505.25 $0.00 $15,614.47
Yearly $157,310.67 $30,063.00 $0.00 $187,373.67
Total $4,719,320.21 $901,890.00 $0.00 $5,621,210.21

Today's Rates

30 Year

6.95%

20 Year

6.73%

15 Year

6.35%

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Market insight data is pulled from the same city as the listing being viewed (Gilroy, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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, 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T07:04:54.000Z

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