1940 Monrovia, Costa Mesa, California 92627, Costa Mesa, 92627 - 3 bed, 2 bath

1940 Monrovia
Costa Mesa, California 92627
Property Price
SUMMARY
Analysis of 1940 Monrovia, Costa Mesa, California 92627 reveals a Fairly Priced Property with a current list price of $1,349,000 aligned with the estimated $1,322,890 Fair Market Value. This represents a stable investment opportunity at market rate. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1940 Monrovia Subject | $1,349,000* List Price | 3 | 2 | 1,236 | $1,070 | - |
A 868 Towne Sold | $1,345,000 | 3 | 2 | 1,000 | $1,345 | 0.3 mi |
B 700 Hamilton Street Sold | $1,225,000 | 3 | 2 | 1,200 | $1,021 | 0.6 mi |
C 857 Joann Street Sold | $1,250,000 | 3 | 2 | 1,017 | $1,229 | 0.9 mi |
D 2108 Raleigh Avenue Sold | $1,165,000 | 4 | 2 | 1,200 | $971 | 0.6 mi |
E 2208 Meyer Place Sold | $1,250,000 | 4 | 2 | 1,100 | $1,136 | 0.9 mi |
F 1953 Maple Active Under Contract | $1,299,000 List Price | 3 | 2 | 1,377 | $943 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1954, the property has undergone extensive recent renovations that meet the 'excellent' criteria. It features a fully remodeled modern kitchen and a spacious primary suite with an oversized, updated bathroom. Crucially, all major systems have been recently replaced or updated, including the roof, HVAC, electrical, plumbing, windows, and water heater, leaving no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7260, living area = 1236.
- Great Schools
Elementary School: Hyer Elementary School (10/10). High School: Highland Park High School (9/10).
- Comprehensive Infrastructure Upgrades
The property features a new roof, updated electrical and plumbing systems, new HVAC, and recent termite remediation, significantly reducing immediate maintenance concerns for a home built in 1954.
CONSRISKS & DEFICIENCIES
- Compact Living Area
At 1,236 square feet, the interior footprint is relatively small for a three-bedroom home, which may feel restrictive for buyers seeking spacious common areas.
- Lack of Scenic Views
Despite the premium price point and proximity to the coast, the property does not offer any significant views, which is often a sought-after feature in this market.
About 1940 Monrovia
Nestled on a serene, tree-lined street in the heart of Costa Mesa’s highly desirable Freedom Tract neighborhood, 1940 Monrovia Avenue presents a rare opportunity to own and personalize a charming single-family home in one of the Westside’s most coveted enclaves. This inviting 3-bedroom, 2-bathroom residence rests on a generous 7,260-square-foot lot, providing ample space for comfortable living today and significant expansion potential for tomorrow. The property strikes an ideal balance between relaxed neighborhood charm and unmatched convenience—steps from Canyon Park and just moments from local restaurants, shopping, and everyday amenities. True coastal living is effortlessly accessible, with the beach only about 1.5 miles away. Recent upgrades and improvements enhance the home’s appeal and peace of mind, including a new roof, updated electrical and plumbing systems, extensive termite remediation with fumigation, replaced windows, new ducting and HVAC components, a new fence, a new water heater, and a new washer and dryer. Standout features include a fully remodeled kitchen showcasing modern finishes and thoughtful design, ideal for daily meals and effortless entertaining. The spacious primary suite offers a true retreat, complete with a walk-in closet, an additional storage closet, and an oversized bathroom with a large Jacuzzi tub and a separate shower. The quiet street fosters privacy and a strong sense of community, while the expansive lot and large backyard invite outdoor enjoyment—perfect for entertaining, pets, play space for children, gardening, or future enhancements such as additions or upgraded outdoor living areas. This well-positioned home in the Freedom Tract beautifully combines timeless mid-century charm, an unbeatable location, recent high-quality updates, and tremendous room to grow. Don’t miss the chance to discover this hidden gem and envision its full potential as your own.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1954
- Lot Size
- 7,260 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Costa Mesa Unified Schools
Whittier Elementary School
Grades PK-6 • 0.4 mi
Pomona Elementary School
Grades PK-6 • 0.6 mi
Victoria Elementary School
Grades PK-6 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,236 | 1,752.5 | 21% |
| Lot Size | 7,260 | 6,377.5 | 65% |
| Price | $1.35M | $1.65M | 29% |
| Price per sq ft | $1.1K | $1.0K | 56% |
| Built year | 1954 | 1957 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 157 | 2% |
Pricing History
Listed for Sale
Jan 29, 2026
$1,349,000
Initial Listing
















