1180 Driftwood Terrace, Gilroy, CA 95020

$2,475,000

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Listing courtesy of Listing Agent: Jimmy Castellanos (jimmy.castellanos@marcusmillichap.com) from Listing Office: Marcus & Millichap.

List Price
$2,475,000
Status
ACTIVE
Days on Market
46
MLS#
ML82062240
Subtype
Commercial Sale
Year Built
1965
Lot Size
22,000
Acres
0.51
MLS Area Major
Not Defined (699)

Property 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.

Additional Information

Taxes
$30,063
Zoning
R3
Heating
Wall Furnace
Air Conditioning
Yes
Roof
Composition, Shingle
School District
Gilroy Unified
Elementary School
Other
Middle School
Other
High School
Gilroy

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.