41 Serra Way Milpitas, CA 95035
Estimated payment $65,018/month
Highlights
- 1.98 Acre Lot
- Guest Parking
- Forced Air Zoned Cooling and Heating System
- Anthony Spangler Elementary School Rated A-
About This Home
Exceptional Investment Opportunity: 41-61 Serra Way, Milpitas, CA Presenting a prime multi-tenant commercial investment opportunity in the core of Silicon Valley. 3 parcels totaling 1.98 acres across 2 adjacent properties in the high-visibility corner of Serra Way. The two-story building at 61 Serra Way features 1st floor retail and 2nd floor professional office suites with elevator access and fire-sprinklers. 41 Serra Way further anchors the asset within a thriving retail plaza, offering diverse tenancy and strong customer traffic. At the gateway to Silicon Valley, just minutes from I-880, I-680, and Hwy 237. Exceptional connectivity, dense daytime employment, and steady consumer activity generated by nearby tech campuses and the Great Mall of the Bay Area. Stabilized, income-producing asset (~95% occupancy) with value-add potential through lease optimization or repositioning. Highlights: Combined ±86,074 SF of mixed-use commercial office space ±1.98 acres across 3 parcels 34 Tesla charging stations on-site Strong visibility frontage and parking Demand drivers: Silicon Valley employment base, innovation economy, and retail services growth Rare opportunity to acquire a stabilized, income-producing commercial asset in one of the Bay Areas most resilient investment markets.
Property Details
Home Type
- Multi-Family
Year Built
- 1999
Home Design
- 18,164 Sq Ft Home
- Slab Foundation
- Wood Shingle Roof
Home Security
- Alarm System
- Fire and Smoke Detector
Parking
- 122 Parking Spaces
- Guest Parking
- Uncovered Parking
- Unassigned Parking
Additional Features
- 1.98 Acre Lot
- Forced Air Zoned Cooling and Heating System
Listing and Financial Details
- 5 Year Lease Term
Community Details
Overview
- 18,164 Sq Ft Building
Building Details
- 9 Leased Units
- Gardener Expense $11,576
- Insurance Expense $13,808
- Maintenance Expense $36,344
- Manager Expense $70,579
- Other Expense $186,977
- Utility Expense $53,416
- Trash Expense $25,995
- Operating Expense $515,488
- Gross Income $773,050
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $24,263 | $2,089,049 | $1,148,977 | $940,072 |
| 2024 | $24,263 | $2,048,089 | $1,126,449 | $921,640 |
| 2023 | $24,183 | $2,007,931 | $1,104,362 | $903,569 |
| 2022 | $24,096 | $1,968,560 | $1,082,708 | $885,852 |
| 2021 | $23,741 | $1,929,962 | $1,061,479 | $868,483 |
| 2020 | $23,324 | $1,910,173 | $1,050,595 | $859,578 |
| 2019 | $23,065 | $1,872,720 | $1,029,996 | $842,724 |
| 2018 | $21,906 | $1,836,000 | $1,009,800 | $826,200 |
| 2017 | $21,622 | $1,800,000 | $990,000 | $810,000 |
| 2016 | $13,413 | $1,114,752 | $454,018 | $660,734 |
| 2015 | $13,275 | $1,098,009 | $447,199 | $650,810 |
| 2014 | $12,944 | $1,076,501 | $438,439 | $638,062 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/03/2025 11/03/25 | For Sale | $11,988,000 | -- | $660 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $8,800,000 | First American Title Company | |
| Grant Deed | -- | Chicago Title Co | |
| Grant Deed | $1,000,000 | Santa Clara Land Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,500,000 | Construction |
Source: MLSListings
MLS Number: ML82026626
APN: 022-24-041
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