940 E Arroyo Terrace, Alhambra, California 91801, Alhambra, 91801 - 4 bed, 3 bath

940 E Arroyo Terrace, Alhambra, California 91801 home-pic-0

940 E Arroyo Terrace

Alhambra, California 91801

ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
4Beds
3Baths
1,683Sq Ft
10,725Lot Size

Property Price

LIST PRICE$1,088,000
EST. MARKET VALUE
$1,213,939
10% BelowMARKET VALUE

SUMMARY

Analysis of 940 E Arroyo Terrace, Alhambra, California 91801 reveals a Prime Investment Opportunity with a current list price of $1,088,000—significantly undercutting the $1,213,939 Fair Market Value by 10%. This valuation gap indicates a +$125,939 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 Alhambra 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

$1,213,939 +$125,939 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Alhambra.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
940 E Arroyo Terrace
Subject
$1,088,000*
List Price
431,683$721-
A
124 N Valencia
Sold
$1,400,000421,811$7730.4 mi
B
326 S Granada Avenue
Sold
$1,120,000422,115$5300.1 mi
C
129 N Vega Street
Sold
$1,350,000442,011$6710.5 mi
D
128 E Adams
Active
$1,249,999
List Price
321,850$6761.0 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Excellent
TeardownExcellent

Property is new construction or fully renovated.

This midcentury modern home has undergone extensive recent renovations that align with current quality standards. The property features a fully renovated kitchen with quartz terrazzo countertops and custom cabinetry, newer solid red oak flooring throughout, and refreshed bathrooms. Significant high-value system upgrades include updated electrical and plumbing, zoned air conditioning, dual-pane windows, and solar panels, indicating no deferred maintenance and a move-in-ready condition.

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 = 10725, living area = 1683.

  • Great Schools

    Elementary School: Marengo Elementary School (9/10). Middle School: South Pasadena Middle School (9/10). High School: South Pasadena Senior High School (9/10).

  • Architectural Significance

    The O'Keefe Residence is a pristine midcentury modern 'post and beam' masterpiece, featuring original architectural details like wood ceilings and solid red oak floors that offer high aesthetic value.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10725, other record lot size in square feet = 10635. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.

  • Compact Bedroom Proportions

    With four bedrooms and three bathrooms distributed across 1,683 square feet, the individual room sizes may feel small for families accustomed to more spacious modern layouts.

  • Inconsistent Local School Ratings

    While the area has access to some high-rated schools, the immediate proximity to several lower-rated institutions (rating of 3-5) may be a concern for some education-focused buyers.

About 940 E Arroyo Terrace

Showcasing post and beam perfection, the O'Keefe Residence features gorgeous wood ceilings and solid red oak floors, with a warm, architectural tone and open-concept layout that allows natural light to flow effortlessly throughout. This true midcentury modern retreat was also the original model home for the private Annwood Terrace enclave in Alhambra. Built in 1960 by John O'Keefe, this architectural gem sits on a sprawling nearly-quarter-acre lot at the end of a private road, with only one adjoining neighbor. Expansive living spaces connect seamlessly to the outdoors, offering endless possibilities for entertaining, future expansion, or peaceful everyday living. Thoughtfully updated throughout, the home features a renovated kitchen with quartz terrazzo counters and custom wood shelving and accents handcrafted by the current owner. Newer solid oak floors run throughout, complemented by refreshed bathrooms with chic new flooring. Major system upgrades include updated electrical, upgraded plumbing, zoned air conditioning, dual-pane windows, and more. Outside, a classic breezeblock wall frames the space, with a generous lot that invites gardening, alfresco dining, and creative expansion, with mature lemon, guava, kumquat, and passionfruit trees already in place. Solar panels (to be paid off at closing) enhance energy efficiency and lower utility costs, aligning beautifully with the home's sustainable lifestyle. Live out your urban farm dreams all while being moments from cultural and dining hubs in downtown Alhambra, San Gabriel, old town Pasadena and DTLA. Located in Alhambra and perfectly positioned near the acclaimed Mission District of San Gabriel, you're surrounded by a world-class culinary scene. Alhambra is celebrated as a true foodie destination, home to over 250 restaurants offering global flavors - from Asian fusion and Michelin-recommended favorites to beloved local classics and trend-setting dessert spots. Stroll Main Street for cafes and restaurants, or explore the vibrant Mission Drive corridor, including the popular Blossom Market Hall just minutes away. Farmers market lovers will appreciate the weekly Alhambra market, adding to the area's lively community feel. Whether you're enjoying a casual breakfast out, exploring dim sum and Asian-inspired cuisine along Main Street or ending the evening with dessert nearby, this location delivers. A truly unique opportunity to own a distinctive midcentury home on an extraordinary amount of land, in one of the LA area's most dynamic neighborhoods.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1960
Lot Size
10,725 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

Alhambra Unified Schools

Dewey Avenue Elementary School

Grades K-6 • 1.7 mi

6/10

Marengo Elementary School

Grades K-5 • 2.1 mi

9/10

Emerson (Ralph Waldo) Elementary School

Grades K-6 • 2.1 mi

7/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds4.03.0
77%
Baths3.02.0
82%
Square foot1,6831,569
59%
Lot Size10,7257,505
95%
Price$1.09M$1.12M
44%
Price per sq ft$646$733
28%
Built year19601931
95%
HOA$0$0
50%
Days on market22184
3%

Pricing History

Listed for Sale

Feb 12, 2026

$1,088,000

Initial Listing

Sold

Feb 9, 2022

$915,000

Public Record

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