5140 E Atherton 35, Long Beach, California 90815, Long Beach, 90815 - 2 bed, 2 bath
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Long Beach, California 90815
This Spacious Mid-Century Co-op is a High-Potential Investment Opportunity, listed at $539,000—positioned well below the $623,597 Fair Market Value by 13%. This valuation gap offers $84,597 in Instant Equity for incoming buyers. The unit features a remodeled kitchen and a Condition Rating of 3, ensuring a move-in ready experience with a private pool-view patio. Located in the walkable Los Altos area near top-rated Bixby Elementary, it balances resort-style amenities with significant financial upside. This is ideal for Owner-Occupants or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5140 E Atherton 35 Subject | $499,000* List Price | 2 | 2 | 1,241 | $434 | - |
A 5140 E Atherton 39 Sold | $430,000 | 1 | 1 | 868 | $495 | 0.0 mi |
B 5110 E Atherton 62 Active Under Contract | $532,500 List Price | 2 | 2 | 1,241 | $429 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring a remodeled kitchen with wood cabinetry and updated appliances. While the 1965 build retains some dated elements such as popcorn ceilings, tile countertops, and older carpet styles, the bathrooms are spotless and the overall interior is clean and functional, requiring no immediate major renovations.
The unit features a beautifully remodeled kitchen with rich wood cabinetry and a recently updated bathroom, providing a contemporary feel and reducing the need for immediate capital improvements.
This lower-level unit is ideally situated within the complex, offering convenient accessibility while overlooking one of the five pools and sitting directly across from the on-site fitness center.
Located in the highly walkable Los Altos area, the property offers an amenity-rich lifestyle including five pools, a gym, and a private enclosed patio, blending urban convenience with leisure.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =329057, other record lot size in square feet = 328987.
As a stock cooperative rather than a traditional condo, the property may involve more restrictive financing options and a mandatory board approval process, which can limit the pool of potential buyers.
Built in 1965, the property may require more frequent maintenance of aging systems and likely lacks the energy efficiency standards found in more modern residential developments.
This spacious lower-level unit in Sovereign Park Estates is the one you’ve been waiting for! Known for its charming mid-century vibe, this community offers a perfect blend of style and comfort. Step inside this 1,241 sq. ft. unit, and you’ll find two generously sized bedrooms and 2 bathrooms, both offering plenty of space and storage. The remodeled kitchen is a standout, with its rich wood cabinetry and a smart layout that’s perfect for cooking and entertaining. The kitchen flows seamlessly into the dining area, making gatherings a breeze. The living room has plenty of natural light with large sliding glass doors that open onto a cozy enclosed patio—a perfect spot for your morning coffee, a mini garden, or soaking up the sunshine. The bathrooms are spotless, with one recently updated for a fresh, modern feel. The property includes a garage with even more storage and an assigned parking space. This particular unit is in a premier location within the community, overlooking one of the 5 pools and it just across from on-site gym. Outside the community, you’ll love being in the heart of a very walkable part of Los Altos with everything you need conveniently located nearby. This co-op offers resort-style living while being close to all that Long Beach has to offer. Don’t miss your chance to experience this fantastic opportunity in a well-maintained community. Schedule your showing today and envision life in this serene and amenity-rich setting!
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 1.5 | 50% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 1,241 | 1,054.5 | 50% |
| Lot Size | 329,057 | 329,057 | 50% |
| Price | $499.0K | $464.5K | 50% |
| Price per sq ft | $402 | $449 | 50% |
| Built year | 1965 | 1965 | 50% |
| HOA | $580.0 | $550 | 50% |
| Days on market | 28 | 53 | 50% |
Apr 2, 2026
$499,000
$539,000
-7% Price Drop
Initial Listing
Mar 25, 2026
$539,000
Initial Listing