938 Mira Valle Street, Monterey Park, California 91754, Monterey Park, 91754 - 3 bed, 1 bath

938 Mira Valle Street, Monterey Park, California 91754 home-pic-0

938 Mira Valle Street

Monterey Park, California 91754

ACTIVE
CONDITION: EXCELLENT
3Beds
1Baths
1,132Sq Ft
9,167Lot Size

Property Price

LIST PRICE$798,000
EST. MARKET VALUE
$901,180
11% BelowMARKET VALUE

SUMMARY

Analysis of 938 Mira Valle Street, Monterey Park, California 91754 reveals a Prime Investment Opportunity with a current list price of $798,000—significantly undercutting the $901,180 Fair Market Value by 11%. This valuation gap indicates a +$103,180 Instant Equity potential for buyers. 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 Monterey Park 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

$901,180 +$103,180 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Monterey Park.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
938 Mira Valle Street
Subject
$798,000*
List Price
311,132$796-
A
121 Electric Avenue
Sold
$697,50032950$7340.9 mi
B
304 W Graves Avenue
Sold
$685,00022776$8830.7 mi
C
624 W Floral
Sold
$825,00021922$8950.8 mi
D
501 W Floral Drive
Sold
$925,000331,336$6920.7 mi
E
617 S Bradshawe
Active
$998,888
List Price
211,092$9150.6 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

The property has undergone an extensive recent renovation that brings it up to modern standards. The kitchen features updated cabinetry, stone countertops, a contemporary tile backsplash, and new stainless steel appliances. Throughout the home, there is new large-format tile and laminate flooring, fresh interior paint, and modern LED light fixtures. With a newer roof and updated garage systems, the home is in move-in ready condition with no deferred maintenance visible.

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 = 9167, living area = 1132.

  • Panoramic Views

    The property features stunning panoramic views of city lights, hills, and a serene greenbelt, showcased by its glass-wrapped 1950s architectural design.

  • Expansion Potential

    Situated on an expansive 9,150 sq ft lot, this property offers significant opportunities for future additions, ADUs, or customization to increase value.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Living area discrepancy between mls listing and other public or private record. mls listing living area = 1132, other record living area = 858.

  • Limited Bathroom Count

    With only one bathroom serving a potential three-bedroom layout, the home may present logistical challenges for families or multi-resident living.

  • Hillside Topography

    The hillside setting, while providing views, may result in more complex yard maintenance and higher engineering costs for future structural expansions.

About 938 Mira Valle Street

Beautifully refreshed hillside home located on a quiet street with sweeping views and exceptional potential. Set on an expansive 9,150 sq ft lot (approx. 75 x 120), this property offers outstanding opportunities for future expansion, additions, or customization. The home has been thoughtfully updated and is move-in ready, featuring fresh interior paint, an updated roof, updated flooring, updated kitchen tile flooring, well-maintained landscaping, and an updated garage door with automatic opener. A two-car attached garage provides everyday convenience. Showcasing a modern 1950s architectural style, the home is wrapped with glass and opens to a view deck overlooking scenic Monterey Park and a serene greenbelt, creating a bright and inviting living atmosphere. Adjacent to the family room, a bonus enclosed patio adds valuable flexible space—perfect for a home office, entertainment area, playroom, or additional living space. Multiple outdoor areas—including large front and rear patios and the view deck—offer ideal settings for entertaining, relaxing, and enjoying the peaceful hillside surroundings. The functional floor plan includes 2 bedrooms plus a bonus room, ideal for a third bedroom, office, or flex space. The expansive backyard has been fully cleaned and landscaped, providing endless potential for outdoor enjoyment or future enhancements. Located in a well-established neighborhood within the highly regarded Alhambra Unified School District, this home offers exceptional convenience—just minutes from shopping centers, restaurants, grocery stores, hospitals, and medical centers, with easy access to the 60 and 10 freeways for commuting throughout the San Gabriel Valley and beyond. Large lot, scenic views, versatile living spaces, and a prime location—a rare opportunity in a desirable Monterey Park area.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1954
Lot Size
9,167 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
1 (1 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths1.02.0
25%
Square foot1,1321,385.5
23%
Lot Size9,1677,335
71%
Price$798.0K$950.0K
25%
Price per sq ft$705$680
60%
Built year19541952
62%
HOA$0$0
50%
Days on market37157
6%

Pricing History

Listed for Sale

Jan 28, 2026

$798,000

Initial Listing

Sold

Jul 27, 2009

$395,000

Public Record

Sold

Sep 17, 2003

$275,000

Public Record

Sold

Aug 18, 2003

$109,000

Public Record

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