Marcus & Millichap is pleased to present 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.
The property's uniform unit mix — eleven one-bedroom/one-bathroom residences — is a defining strength rather than a limitation. This configuration simplifies leasing, maintenance, unit turns, and future renovation planning, reducing the operational complexity that often accompanies mixed unit types. Long-term ownership has kept the asset in solid working order while leaving meaningful upside on the table: an incoming investor has the opportunity to selectively enhance unit interiors and capture rental growth as units turn naturally, without the capital burden or execution risk of a full repositioning. It's a measured, low-friction path to value creation that should appeal to both hands-on operators and passive, cash-flow-focused buyers.