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

1940 Monrovia, Costa Mesa, California 92627 home-pic-0

1940 Monrovia

Costa Mesa, California 92627

ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
1,236Sq Ft
7,260Lot Size

Property Price

LIST PRICE$1,349,000
EST. MARKET VALUE
$1,322,890

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

$1,322,890
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
1940 Monrovia
Subject
$1,349,000*
List Price
321,236$1,070-
A
868 Towne
Sold
$1,345,000321,000$1,3450.3 mi
B
700 Hamilton Street
Sold
$1,225,000321,200$1,0210.6 mi
C
857 Joann Street
Sold
$1,250,000321,017$1,2290.9 mi
D
2108 Raleigh Avenue
Sold
$1,165,000421,200$9710.6 mi
E
2208 Meyer Place
Sold
$1,250,000421,100$1,1360.9 mi
F
1953 Maple
Active Under Contract
$1,299,000
List Price
321,377$9430.8 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

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

4/10

Pomona Elementary School

Grades PK-6 • 0.6 mi

4/10

Victoria Elementary School

Grades PK-6 • 0.6 mi

6/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.03.0
48%
Square foot1,2361,752.5
21%
Lot Size7,2606,377.5
65%
Price$1.35M$1.65M
29%
Price per sq ft$1.1K$1.0K
56%
Built year19541957
35%
HOA$0$0
50%
Days on market37157
2%

Pricing History

Listed for Sale

Jan 29, 2026

$1,349,000

Initial Listing

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