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DriftwoodGilroy, CA 95020

For Sale

$2,475,000

Smart Buyer Rebate $24,750

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.

Listed by Jimmy Castellanos

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License #02024152

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Marcus & Millichap

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408-483-5040

Listed by Joshua Johnson

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License #01930127

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Marcus & Millichap

Last updated September 22, 2026

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Source: MLSL #ML82062240

Listing Facts

  • TypeMulti-family
  • NeighborhoodCivic - Cultural Arts District
  • Days on Prevu39
  • Size8,336 sqft
  • Price per sqft$297

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

09/22/2026
Listed by Marcus & Millichap
$2,475,000
  1. 09/22/2026$2,475,000
    Listed by Marcus & Millichap

Property Details for Driftwood

Association

Amenities

  • Association Amenities: Barbecue Area

General

  • Number Of Units In Community: 11

Exterior

Construction

  • Roof: Composition, Shingle
  • Year Built: 1965

Measurements

  • Building Area Total: 8,336
  • Lot Size Acres: 0.50
  • Lot Size Area: 22,000
  • Lot Size Square Feet: 22,000

Financial

Taxes

  • Parcel Number: 808-10-035

Interior

Features

  • Appliances: Washer/Dryer

Measurements

  • Living Area: 8,336

Parking

Parking

  • Carport: Yes
  • Parking Features: Carport
  • Parking Total: 7

Schools

Elementary School

  • Elementary School: El Roble Elementary
  • Elementary School District: Gilroy Unified

High School

  • High School: Gilroy High
  • High School District: Gilroy Unified

Middle or Junior School

  • Middle Or Junior School: Brownell Middle

Utilities

Equipment

  • Cooling: Window/Wall Unit
  • Heating: Wall Furnace
  • Sewer: Public Sewer
  • Utilities: Water - Public
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at Driftwood.

What schools are nearby to Driftwood?

Nearby schools include the El Roble Elementary, Brownell Middle, and Gilroy High.

Does this multi-family home have parking?

Yes, there are 7 parking spaces available for Driftwood.

How does Driftwood compare to other multi-family homes in Civic - Cultural Arts District?

This multi-family home is listed 0% below the average price for multi-family homes in Civic - Cultural Arts District and has been on the market for 0 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 8,336 sqft.

Driftwood is a -bedroom multi-family home for sale in Gilroy CA 95020. On Prevu for 39 days at $2,475,000. This residence features 8,336 square feet of living space, located in Gilroy. The median listing price for multi-family homes in this area is $2,475,000. Nearby schools include El Roble Elementary, Brownell Middle, and Gilroy High. Property amenities include pets allowed and parking. View other multi-family home listings in Gilroy.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™️ MLS system. Real estate listings held by brokerage firms other than Prevu Real Estate are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS as of 09/22/2026. 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. Data Services by Constellation Data Labs. IDX display powered by Prevu Real Estate. Copyright 2026 MLSListings Inc. All rights reserved.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.