1938 Westminster, Costa Mesa, California 92627, Costa Mesa, 92627 - 4 bed, 3 bath

1938 Westminster, Costa Mesa, California 92627 home-pic-0

1938 Westminster

Costa Mesa, California 92627

ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,515Sq Ft
6,381Lot Size

Property Price

LIST PRICE$2,699,000
EST. MARKET VALUE
$2,699,000

SUMMARY

Analysis of 1938 Westminster, Costa Mesa, California 92627 reveals a Fairly Priced Property with a current list price of $2,699,000  aligned with the estimated $2,699,000 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Costa Mesa Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$2,699,000
Based on Realkey algorithm analyzing recent comparable sales in Costa Mesa.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1938 Westminster
Subject
$2,699,000*
List Price
432,515$1,073-
A
366 Esther Street
Sold
$3,100,000442,634$1,1770.3 mi
B
2041 Westminster Avenue
Sold
$2,447,000432,518$9720.2 mi
C
328 Magnolia Street
Sold
$2,200,000421,578$1,3940.3 mi
D
1951 Aliso Avenue
Sold
$2,995,000332,515$1,1910.5 mi
E
269 Cecil Place
Sold
$2,280,000421,832$1,2450.8 mi
F
201 E 21st Street
Active
$2,645,000
List Price
332,151$1,2300.4 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is move-in ready and features significant high-end updates, including a brand-new roof (2024), updated windows (2015), and a gourmet kitchen equipped with quartz countertops and professional-grade Viking appliances. While originally built in 1987, the home has been well-maintained and modernized in key areas such as the primary ensuite and kitchen, though it retains its original custom architectural charm and layout.

PROSSTRENGTHS & OPPORTUNITIES

  • Rare Parking and Access

    The property features a three-car garage, a full driveway, and alley access, which are exceptionally rare and highly coveted amenities for the Eastside Costa Mesa area.

  • Gourmet Chef's Kitchen

    The custom kitchen is a standout feature, equipped with a six-burner Viking range, double dishwashers, quartz countertops, and a walk-in pantry, catering to high-end culinary needs.

  • Recent Capital Improvements

    Significant recent upgrades, including a brand-new roof installed in 2024 and updated windows from 2015, provide immediate value and peace of mind regarding long-term maintenance.

CONSRISKS & DEFICIENCIES

  • Traffic Exposure

    Positioned on a prominent corner lot at Westminster and Walnut, the home may experience higher levels of street noise and reduced privacy compared to interior residential parcels.

  • Market Stigma

    The property has returned to the market following a buyer's failure to perform and has undergone multiple price reductions, which can sometimes create a negative perception regarding its value or desirability.

About 1938 Westminster

Back on Market!! Buyer was willing, but unable to perform, so this Eastside GEM is back on the market and price just reduced!! Home is ideally positioned on a premier corner lot at Westminster and Walnut and offers amenities that are rare for the Eastside: a 3 car garage, FULL driveway and alley access. Custom built in 1987, the home is full of charm and thoughtful design. Upon entry, you're welcomed by a cozy alcove with built-in bench sitting and desk space - perfect as a quiet reading nook or a functional mudroom for coats, shoes and daily essentials. Beyond the entry, the home opens into a spacious great room with an open living area and expansive kitchen with adjacent dining nook. The home offers two fireplaces - one in the main level great room and the other in the primary bedroom suite - creating warm and inviting living spaces throughout. The custom kitchen is truly impressive, featuring quartz countertops with bar seating, abundant cabinetry with open shelving, a built-in desk area, a walk-in pantry, center island for prep, double dishwashers & a six-burner Viking range. The adjoining dining nook includes built-in bench seating and a wall of windows that fills the space with natural light. A 3/4 bathroom & a separate laundry room complete the main level. Upstairs, the primary suite boasts vaulted ceilings, a walk-in closet & an ensuite bathroom with soaking tub, oversized walk-in shower & dual vanities. A private balcony deck extends the retreat. On the opposite wing, three additional bedrooms - two with charming window seats - share a full bathroom and connect to a central family/bonus room ideal for tv, games or gatherings. Above this space is an open loft currently used for storage, offering excellent potential for an additional play space or private home office. Outdoor living is equally inviting. The front patio features a built-in BBQ and wraparound raised beds. The private, enclosed backyard offers covered patio areas, lawn space, multiple planting beds and mature fruit trees throughout the property. Additional features include a large gated side area perfect for bikes, recreational gear or a storage shed. Upgrades include a new roof (2024) and updated windows (2015). A truly one-of-a-kind Eastside home with rare features, flexible living spaces and exceptional outdoor amenities.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1987
Lot Size
6,381 Sq. Ft.

Interior

Total Bedrooms
4
Total Bathrooms
3 (3 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Costa Mesa Unified Schools

Woodland Elementary School

Grades PK-2 • 0.4 mi

/10

Heinz Kaiser Elementary School

Grades 3-6 • 0.5 mi

8/10

Mariners Elementary School

Grades PK-6 • 0.8 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
55%
Baths3.03.0
50%
Square foot2,5151,799.5
76%
Lot Size6,3816,377.5
51%
Price$2.70M$1.66M
82%
Price per sq ft$1.1K$1.0K
55%
Built year19871957
71%
HOA$0$0
50%
Days on market63157
7%

Pricing History

Listed for Sale

Mar 5, 2026

$2,699,000

$2,875,000

-6% Price Drop

Initial Listing

Price Change

Jan 27, 2026

$2,875,000

$3,075,000

-7% Price Drop

Initial Listing

Price Change

Jan 3, 2026

$3,075,000

Initial Listing

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