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41-61 Serra WayMilpitas, CA 95035

For Sale

$11,988,000

Smart Buyer Rebate $119,880

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.

Listed by Guy Fong

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License #01207835

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Citistar Properties

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415-467-1818

Last updated November 12, 2025

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Source: MLSListings #ML82026626

Listing Facts

  • TypeMulti-family
  • NeighborhoodMain at Serra
  • Days on Prevu38
  • Taxes$116,793/year
  • Size18,164 sqft
  • Price per sqft$660

Amenities

  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

11/03/2025
Listed by Citistar Properties
$11,988,000

Property Details for 41-61 Serra Way

Exterior

Construction

  • Roof: Wood
  • Year Built: 1999
  • Year Built Details: 2

Measurements

  • Building Area Total: 18,164
  • Lot Size Acres: 1.98
  • Lot Size Area: 86,248
  • Lot Size Source: Other
  • Lot Size Square Feet: 86,248
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 2.15
  • Gross Income: $773,050.00
  • Operating Expense Includes: Capital Improvements, Insurance, Maintenance, Utilities, Water/Sewer

Taxes

  • Parcel Number: 022-24-041
  • Tax Annual Amount: $116,793.00

Interior

Measurements

  • Living Area: 18,164

Other

Features

  • Accessibility Features: Bathroom Features, Elevator / Lift, Parking, Wheelchair Access

Parking

Parking

  • Carport: Yes
  • Parking Features: Guest / Visitor Parking, Parking Area
  • Parking Total: 122

Schools

Elementary School

  • Elementary School District: Milpitas Unified

High School

  • High School District: Milpitas Unified

Utilities

Equipment

  • Cooling: Central Forced Air, Multi-Zone
  • Heating: Central Forced Air
  • Utilities: Public Utilities
  • Water Source: Water On Site

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 41-61 Serra Way.

Does this multi-family home have parking?

Yes, there are 122 parking spaces available for 41-61 Serra Way.

What are the annual taxes for 41-61 Serra Way?

Annual taxes for this multi-family home are estimated at $116,793.

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

According to the MLS, this listing is 18,164 sqft.

41-61 Serra Way is a -bedroom multi-family home for sale in Milpitas CA 95035. Available on Prevu for 38 days at $11,988,000. This residence features 18,164 square feet of living space, located in Milpitas. The median listing price for multi-family homes in this area is $899,000. Additional amenities include pets allowed and parking. Explore more multi-family home listings in Milpitas.

Based on information from MLSListings™️ and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

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.