240 Serra Way, Milpitas, CA 95035 Property Records

Santa Clara County property record for 240 Serra Way, Milpitas, CA 95035

Property Summary

Property TypeRegional Shopping Center, Mall
Details9,972 sqft · built 1970
Lot Size0.725 acres (31,600 sqft)
OwnerCompany Name on Record
Tax Bill$18,911 (2025)
Deeds & MortgagesJul 2019 Mortgage
Flood ZoneZone AE (high risk)
APN083-05-006

Property Details

APN / Parcel Number

Primary APN083-05-006
Alternative APN
  • 08607021

Interior

Stories1 Story
Building Area9,972 sqft Total Area
ElevatorElevator

Exterior

Year BuiltBuilt 1970
Effective Year BuiltEffective 1970
Architectural StyleCustom Design
Construction TypeConcrete
Fire ResistanceMasonry Walls, Wood Interior
Lot Area31,600 sqft (0.725 acres)
Lot Dimensions157 ft deep x 200 ft wide

Location & Zoning

Street Address240 SERRA WAY
CityMILPITAS
StateCA
Zip95035
Property CategoryCommercial
Property TypeCommercial > Retail > Regional Shopping Center, Mall
Local Zoning CodeC2S
Legal SubdivisionSERRA CENTER
Legal Tract4783
JurisdictionSANTA CLARA CA
Township / Civil DivisionSAN JOSE
Census Block Group2
Census Block2003
Census Tract504508

Owner

Source: Santa Clara County records, as of July 27, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of RecordCompany Name on Record
Mailing Address15024 SPERRY LN, SARATOGA, CA 95070-6240
Owner TypeCompany

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Last SaleJan 7, 2008
Deed SaleJan 7, 2008
Deed Document Number200819703548
Prior Transfer DateApr 10, 1997
Prior Transfer Doc0013676032
Record UpdatedOct 29, 2026

July 2019: Grant Deed, Transfer

Document TypeGrant Deed
JurisdictionSANTA CLARA CA
Recording DateJul 17, 2019
Property Address240 SERRA WAY, MILPITAS, CA 95035
Document Number0024227515
Map ReferenceMB 267 PG 19&20
Instrument DateJul 12, 2019
Instrument24227515
Transaction TypeTransfer
Record UpdatedSep 1, 2021
Title CompanyOLD REPUBLIC TITLE COMPANY

Transaction

Tax$0.00
Amount AccuracyTransfer Tax Exempt
Additional
  • Multiple Parcels

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address200 SERRA WAY STE 20, 20, MILPITAS, CA 95035-5245

Mortgage

Document Number0024227516
DateJul 17, 2019
Instrument24227516
Lender
NameCATHAY BANK
TypeBank
Agreement
TypeCommercial Mortgage
AmountAmount Recorded

Tax Assessment & Valuation

Source: Santa Clara County assessment roll, as of July 27, 2026

Property Jurisdictions

TypeName
StateCalifornia
CountySanta Clara County
MunicipalityMilpitas City
Unified School DistrictMilpitas Unified School District (KG - 12)

Tax Bill & Assessment History

YearTax BillAssessed Value
2026$1,685,500 (+6.68%) Land $1,684,500 Building $1,000
2025$18,911.00 (+0.39%)$1,580,000 (-) Land $1,579,000 Building $1,000
2024$18,838.00 (-1.54%)
2023$19,133.00 (+1.32%)$1,580,000 Land $1,579,000 Building $1,000
2022$18,883.00

Assessed value is set for property tax purposes and is not a market price estimate.

Flood

Source: FEMA National Flood Hazard Layer, effective January 18, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood ZoneZone AE
high risk
100-Year FloodplainYes
1% annual chance
FloodwayNo
Base Flood ElevationVaries along the reach; see FIRM
Flood Insurance RequirementRequired
federally backed loans
Flood Insurance CostPremium on Record
median of 36 individual policies
Community Rating SystemClass 7 (15% premium discount)
Nearby Flood Policies48 units insured
incl. 12 condo units

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskLow
lower than 80% of the US · lower than 88% of California
Wildfire Likelihood0.01% annual chance
ExposureNone
beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemCITY OF MILPITAS
serves 81,915 people · EPA ID CA4310005
Water SourcePurchased surface water from several systems
Last State InspectionNov 2025
Lead3 ppb (2023–2025)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and Reporting1
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 214 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Xfinity
Cable
2,000 / 250
Sail Internet
Fixed Wireless · DSL in parts of the area
1,000 / 200
Tekify Fiber & Wireless
Fixed Wireless
425 / 80
Etheric Networks
Fixed Wireless
250 / 100
Ridge Wireless
Fixed Wireless
100 / 60
AT&T
DSL · Fiber in parts of the area
100 / 20

May also be available: GeoLinks, T-Mobile, Verizon.

Nearby Properties on Serra Way

Nearby Streets

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