1180 Driftwood Terrace Gilroy, CA ^$ 2,475,000

1180 Driftwood Terrace

^$ 2,475,000

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Recently Listed

1180 Driftwood Terrace

Gilroy, CA, 95020

^$ 2,475,000

Bedrooms-- Baths-- Sq 8,336

Monthly Estimate*

^$ 15,627

Listed by Jimmy Castellanos, Marcus & Millichap, jimmy.castellanos@marcusmillichap.com

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Commercial Property for sale in Gilroy, CA

for $2,475,000. This 8,336 square foot building was built in 1965 on a lot size of 0.5051.

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.

Commercial Active

Price

^$ 2,475,000

Property Type

Commercial

Taxes

^$ 30,063

Style

Lot Size

0.5051

Year Built

1965

Town/City

Gilroy

County/Region

Santa Clara

MLS | Web ID

ML82062240

Days on Market

Features

General

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Roof Composition Shingle

Zoning R3

HOA Fee 0

Year Built 1965

County Santa Clara

Insurance Expense 9350

Property Type Commercial Sale

MaintenanceExpense 5500

Special Listing Conditions Standard

Status Active

High School Gilroy

City Gilroy

High School District Gilroy Unified

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 22000

Carport Spaces 11

Carport Y/N true

Elementary School Other

Tax Annual Amount 30063

Middle/Junior High School Other

Trash Expense 8800

Standard Status Active

Occupancy Type Tenant

Year Built Source Assessor

Interior

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Water Source Public

Total Parking 7

Lot Size Area 22000

Number of Buildings 1

Building Area Total 8336

Lot Size Acres 0.5051

Lot Size Source Assessor

* Excluded Features

List By

Jimmy Castellanos

Listing Agent

Marcus & Millichap

Broker

jimmy.castellanos@marcusmillichap.com

Affordability Calculator

$18,133

Per Month

Monthly Principal & Interest: $15,627
Monthly Property Taxes: $2,505
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Gilroy, CA

Average List Price ^$2,965,444

Percent of Sale Price 20%

About Gilroy, CA

55,318 Population

28% Since 2002

^$84,278 Median Income

34.76 Median Age

39% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

0 Elementary School

0 Middle School

Gilroy High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/22/2026	$2,475,000		Listed Price

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1180 Driftwood Terrace, Gilroy, CA, 95020 is a Commercial Property for sale at $2,475,000 with 8,336 sqft and a lot size of 0.5051. 1180 Driftwood Terrace was built in 1965. The property's zip code is 95020 which is in Gilroy, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 10/5/2026. 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, 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.

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1180 Driftwood Terrace

Commercial Property for sale in Gilroy, CA

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