2040 Lee Way, Milpitas, CA 95035
Property image
Property image
OFF MARKET

$1,150,100

Trulia Estimate
as of Sep 13, 2026
  • 3 Beds
  • 3 Baths
  • 1,622 sqft

2040 Lee Way, Milpitas, CA 95035

Home Highlights

Apartment
1,622 sqft
$709/sqft
Attached Garage

Local Information

  • Map ViewExplore the area around 2040 Lee Way.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

A beautiful and spacious condo in the heart of Milpitas! Enjoy a short walk to great entertainment and shopping at the Great Mall. Close proximity to BART and VTA light rail stations and the 680 and 880 freeways! Short walk to the Mabel Mattos Elementary school!

Open House on January 12th Sunday 5PM onwards

It's a perfect home for families with the elementary school right across the road and park in front of the home.

Tenants pay for utilities (water, power)
2040 Lee Way, Milpitas, CA 95035 is a 3 bedroom, 3 bathroom, 1,622 sqft apartment. It last sold for $679,500 on Sep 29, 2014 (16,473% above the $4,100 asking price). More recently, it was listed as a rental in January 2025 with an asking price of $4,100 per month. That rental listing was removed on January 14, 2025. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,150,100, with a rent estimate of $4,637/month.

Home Details for 2040 Lee Way

Interior Features

Heating & Cooling
Heating: Forced AirAir ConditioningCooling System: Central AirHeating Fuel: Forced Air
Appliances & Utilities
DishwasherDryerMicrowaveRefrigeratorWasher
Levels, Entrance, & Accessibility
Floors: Carpet, Hardwood

Property Information

Property Type / Style
Property Type: Apartment

Rental Terms, Policies & Fees

Lease Term: 1 YearAvailable: now

Exterior Features

Parking & Garage
Parking: Attached, On Site

Comparable Sales for 2040 Lee Way

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
900 Golden Wheel Park Dr, San Jose, CA
2.13
Apartment
$8,346,000
05/01/26
-
6,607 sqft
1244 Quincy Dr, San Jose, CA
2.84
Apartment
$2,000,000
06/11/26
-
5,114 sqft
446 Gross St, Milpitas, CA
4.01
Apartment
$1,112,500
12/16/25
2
1
1,000 sqft
247 N Capitol Ave #164, San Jose, CA
4.04
Apartment
$375,000
08/17/26
2
1
777 sqft
88 Eastwood Ct, San Jose, CA
4.14
Apartment
$1,135,000
12/31/25
2
1
750 sqft
445 N 1st St, San Jose, CA
4.26
Apartment
$1,950,000
09/26/25
4
1
1,860 sqft
4172 Davis St, Santa Clara, CA
3.41
Apartment
$545,000
05/22/26
1
-
247 N Capitol Ave #280, San Jose, CA
4.04
Apartment
$400,000
06/15/26
1
1
777 sqft
2250 Monroe St #108, Santa Clara, CA
4.66
Apartment
$710,000
10/31/25
2
2
913 sqft
130 E San Fernando St #Penthouse 23, San Jose, CA
4.87
Apartment
$850,000
12/03/25
2
2
1,662 sqft
Home facts updated by county records

Nearby homes

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Rental Market Trends in Milpitas

Last updated Sep 2026
Trulia Rent Estimate$4,637/mo
Average rent
$3.89K
$245MoM
Available listings
81
View rental market trends in Milpitas, CA

Around this home

What Locals Say about Milpitas

At least 438 Trulia users voted on each feature.

  • 89 % Say there are sidewalks

  • 79 % Say it's dog friendly

  • 75 % Say car is needed

  • 66 % Say it's quiet

  • 65 % Say streets are well-lit

  • 63 % Say there's holiday spirit

  • 62 % Say it's walkable to restaurants

  • 62 % Say yards are well-kept

  • 62 % Say people would walk alone at night

  • 59 % Say parking is easy

  • 58 % Say it's walkable to grocery stores

  • 56 % Say kids play outside

  • 55 % Say they plan to stay for at least 5 years

  • 38 % Say neighbors are friendly

  • 29 % Say there's wildlife

  • 25 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "Most home welcome the dogs."
    0
    Flag
  • R5mhqr6vqr
    "There are some nearby, transits, buses, and trains both going to within the Santa Clara County and there is a Bart transit center nearby that can go all the way to San Francisco Tracy, and all of that"
    0
    Flag
  • R5mhqr6vqr
    "We live here for more than 2 decades now & my occasional complaint is some loud parties until 3am in our neighbors but it only happens around few times so not really a big deal."
    0
    Flag
  • James Bartman
    "There are 7 stop lights in the 2 miles I drive to work. So it’s only a 5-10minute commute, but a lot of stop and go."
    0
    Flag
  • James Bartman
    "I drive about 5-10 minutes to work on Monday, Tuesday, and Thursday. Traffic is heavy during rush hour, but not as bad as it is on the highways."
    0
    Flag
  • Abdulrahman aboobacker
    " I live in Milpitas around ten years and I like this city to stay more comfortable quiet places "
    0
    Flag
  • Cynthia V.
    "It is a quiet, safe and very kids friendly community. Close to everything, restaurants, stores and highway 237. Close to coyote creek trail "
    3
    Flag
  • Samantha
    "Most neighborhoods in Milpitas are safe and kid-friendly, while the schools are top-notch. There are lush parks here and Milpitas Sports Center provides many amenities. Good childcare is available too."
    0
    Flag
  • Sumsin
    "I've lived in Milpitas for ten years and it's rapidly transforming. The schools are top tier in the newer residential neighborhoods and there's a nice urban+suburban feel to the area. Trader Joe's , Great Mall, and many parks are close by and it's very safe. Only Main Street remains an eyesore."
    0
    Flag
  • Marci M
    "It’s decent taking the 880 fwy but it can get congested. I have even taken the streets some days to and/or from work. With traffic it is about a 25-30 minute commute. Without traffic it is less than 15 minutes."
    6
    Flag
  • Ama1001
    "It’s a nice and quiet neighbourhood. I feel it is safe for children and families. Close to major highways and shopping areas."
    4
    Flag
  • Vasanth K.
    "There is park close by and lot of kids to make friends while playing outdoors . Beware of car breaking by the parks"
    2
    Flag
  • Ama1001
    "My neighbourhood is quiet and safe. It’s a nice place to raise your kids. It is not noisy and it has nice parks. Walking and biking is safe."
    3
    Flag
  • Snvssaikumar
    "Vibrant and modern community. Residential and downtown features are together. Great public transport. VTA, Bart. Great public parking options. Variety of restaurants. Connections to freeways "
    2
    Flag
  • Xavier M. .
    "Milpitas is one of the safest cities in the Bay Area. It's a very diverse community. The schools are good. "
    2
    Flag
  • Nikhil B.
    "There are a lot of dog owners in this area to hang out with. There are also several dog-friendly parks to walk pets. "
    2
    Flag
  • Ashish J.
    "All holidays from Jan till dec including multi culture events and great food around ......................................"
    0
    Flag
  • Yamini P.
    "There are many townhouses which makes a community feeling safe and friendly. There are well maintained parks and people are cordial with others. "
    2
    Flag
  • Engel.cabacungan
    "Great place to rise a family, lots of parks and recreation. Close to everything like malls and restaurants "
    1
    Flag
  • Jessie
    "absolutely nothing. its filling with drug dealers and gang members. there has been two driveby shootings in 2018 alone. there are homeless that sleep in the parks near the schools. we are ready to move away"
    4
    Flag
  • Ramki K.
    "nice parks to take dogs around on leash. Ed Levin Park is one of the three county parks with off leash area. "
    0
    Flag
  • Trulia User
    "It is getting congested due to high rise of new house developments. It seems like they are filling every corner with Homes but not addressing how it affects the traffic."
    2
    Flag
  • Chelsea G. P.
    "Everyone is super friendly and most dog owners know what dog belongs to what house over who lives where, lol. "
    2
    Flag
  • Chelsea G. P.
    "I know my neighbors next door and behind me. I’m on a corner lot & in the summer time parties can go on and no one is bothered "
    0
    Flag
  • Patrick R.
    "Meditation Classes offered at the local public school and the community coming together for farmers markets "
    0
    Flag
  • Ama1001
    "I have living here for over 4 years. It’s nice and quiet and is not too far from highway without the noise."
    0
    Flag
  • Andy S.
    "amazing neighborhood 👍 very good transportation and it's peaceful and calm in the neighborhood..... "
    0
    Flag
  • Efrain E.
    "The founder's fair / carnival happens every year. That's pretty fun. There are Halloween events as well as Easter."
    1
    Flag
  • Contactscb03
    "I know my neighbors and can walk alone as a woman after dark. I can see the foothills so it feels apart from the "City" but close enough to transit."
    0
    Flag
  • Guni.bal
    "Milpitas is sweet little town still developing and now more people then we moved in 1998. Small and nice little town with views of the east hills. "
    0
    Flag
  • Josie P. a. L.
    "People are always walking there dogs. Very dog friendly community. There is also dogs roaming the neighborhood but the pound eventually picks them up. And lots of cats too ☺"
    1
    Flag
  • Josie P. a. L.
    "People are always walking there dogs. Very dog friendly community. There is also dogs roaming the neighborhood but the pound eventually picks them up. And lots of cats too ☺"
    1
    Flag
  • Charles M. D.
    "It’s all cemented for a brisk walk around this neighborhood, atleast that’s how I feel with my feet already being tired as they do, the concrete only makes the reality of fatigue all the more real.. if you ask me, a decent park that’s animal friendly is all my dog & I would ever welcome & need because he’s worth it.."
    1
    Flag
  • Durbhas
    "I've lived in this neighborhood for 15 years and can attest to the fact that it is very safe and great for families with young kids."
    12
    Flag
  • Cshen_99
    "I lived here more than 30 years, it’s so convenient to go anywhere. It has a lots high tech companies also has variety restaurants super market etc."
    0
    Flag
  • Claudine N.
    "Everything is around here within a 4 mike Radius. Great food (and good variety), shopping, companies, light rail, etc."
    0
    Flag

LGBTQ Local Legal Protections

Price and Tax history

DateEventPrice
Jan 14, 2025
Source: Zillow Rentals
ListingRemoved
$4,100
Jan 3, 2025
Source: Zillow Rentals
Listed For Rent
$4,100
Jan 14, 2022
Source: Zillow Rental Manager
ListingRemoved
Jan 2, 2022
Source: Zillow Rental Manager
Listed For Rent
$3,650
Nov 20, 2020
Source: Agent Provided
ListingRemoved
$3,295

Frequently asked questions about 2040 Lee Way

  • What is 2040 Lee Way estimated to be worth?
    Trulia's estimated value for 2040 Lee Way in Milpitas, CA is $1,150,100.
  • What is the price history for 2040 Lee Way?
    2040 Lee Way in Milpitas, CA last sold for $679,500 in September 2014.
  • Is Milpitas a buyer's or seller's market?
    Milpitas is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Milpitas?
    The median sale price in Milpitas is $1.32M. That is up $22.17K from the prior month.
  • Does 2040 Lee Way have air conditioning?
    Yes, 2040 Lee Way in Milpitas, CA has air conditioning.
  • Does 2040 Lee Way have laundry facilities?
    Yes, 2040 Lee Way in Milpitas, CA has in-unit laundry.

Homes for rent near 2040 Lee Way

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.
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