5140 E Atherton, Long Beach, California 90815, Long Beach, 90815 - 2 bed, 2 bath
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Long Beach, California 90815
This Stock Cooperative represents a High-Potential Investment Opportunity, listed at $499,000—positioned well below the $626,491 Fair Market Value by 20%. This valuation gap provides $127,491 in Instant Equity. While the property holds a Condition Rating of 4, requiring cosmetic updates, its 1,303 square feet and park-like setting offer significant upside. Located in the Long Beach Unified School District near Bixby Elementary, this asset is ideal for Buy-and-Hold Investors or first-time buyers seeking value in an established community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5140 E Atherton Subject | $499,000* List Price | 2 | 2 | 1,303 | $481 | - |
A 5140 E Atherton 39 Sold | $430,000 | 1 | 1 | 868 | $495 | 0.0 mi |
B 5200 E Atherton 108 Active Under Contract | $379,000 List Price | 1 | 1 | 868 | $437 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1965, this property is well-maintained but significantly dated. The bathroom fixtures, built-in cabinetry, and flooring show wear consistent with a 20-30+ year-old renovation or original state. While functional and featuring central HVAC, it requires cosmetic updates and minor repairs to meet modern standards.
With approximately 1,303 square feet, this unit offers a significantly larger footprint than many standard two-bedroom configurations in the area, providing ample room for comfortable living and entertaining.
The property is ideally situated near Cal State Long Beach and falls within the Long Beach Unified School District, featuring high-rated schools like Bixby Elementary, which boasts an 8/10 rating.
Located in Sovereign Park Estates on over 7 acres of beautifully maintained grounds, the property offers a peaceful, park-like atmosphere that is rare for such a central urban location.
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. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1303, other record living area = 868.
As a stock cooperative, the property may require a more complex financing process and board approval, which can limit the pool of eligible buyers compared to traditional fee-simple condos.
The $661 monthly association fee is relatively high and represents a significant recurring expense that may impact the overall affordability and debt-to-income ratios for prospective buyers.
Welcome to this spacious and well-maintained 2-bedroom, 2-bathroom cooperative unit located in the desirable Sovereign Park Estates community of Long Beach. Offering approximately 1,303 square feet of living space, this home features a functional floor plan with generously sized bedrooms, abundant natural light, and comfortable living areas designed for everyday living and entertaining. Situated in a beautifully maintained community on over 7 acres, residents enjoy a peaceful park-like setting while remaining conveniently close to shopping, dining, parks, Cal State Long Beach, and major freeways. The home includes central heating and cooling for year-round comfort and is located within the Long Beach Unified School District. This is a wonderful opportunity for buyers seeking value, space, and location in one of Long Beach’s established communities. Whether you are looking for a primary residence or a low-maintenance lifestyle, this charming cooperative unit is ready for its next chapter.
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 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,303 | 1,241 | 75% |
| Lot Size | 329,057 | 329,057 | 50% |
| Price | $499.0K | $499.0K | 50% |
| Price per sq ft | $383 | $413 | 25% |
| Built year | 1965 | 1965 | 50% |
| HOA | $661.0 | $580 | 75% |
| Days on market | 29 | 105 | 25% |
May 15, 2026
$499,000
Initial Listing
Sep 18, 1992
$124,500
Public Record