5140 E Atherton Street 9, Long Beach, California 90815, Long Beach, 90815 - 2 bed, 2 bath
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Long Beach, California 90815
This Turnkey Residential Property is a Strong Value Opportunity, listed at $550,000—positioned well below the $576,919 Fair Market Value by 4%. This valuation gap offers $26,919 in Instant Equity for buyers. Featuring a Remodeled Kitchen, Refinished Hardwood Floors, and a 2025 Mini-Split HVAC, the home maintains a Good Condition Rating. Located in the prestigious Park Estates with access to Top-Rated Schools like Bixby Elementary, this residence is an ideal acquisition for Owner-Occupants or first-time buyers seeking a serene, amenity-rich lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5140 E Atherton Street 9 Subject | $550,000* List Price | 2 | 2 | 1,241 | $465 | - |
A 5110 E Atherton 62 Sold | $525,000 | 2 | 2 | 1,241 | $423 | 0.0 mi |
B 5140 E Atherton 39 Sold | $430,000 | 1 | 1 | 868 | $495 | 0.0 mi |
C 5260 E Atherton Street 146 Active | $525,000 List Price | 2 | 2 | 1,400 | $375 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property features an excellent, recently remodeled kitchen and significant system upgrades including a 2025 mini-split HVAC, 2026 water heater, and 2022 electrical panel. However, it is rated 'Good' rather than 'Excellent' because the bathrooms remain dated with older fixtures and the presence of popcorn ceilings suggests some areas still require modernization.
The residence features a recently remodeled kitchen with quartz countertops and stainless steel appliances, complemented by refinished original oak hardwood floors and new mini-split A/C systems.
Tucked away from major streets along the river channel in the prestigious Park Estates area, this unit offers a rare sense of serenity while remaining close to award-winning schools and local amenities.
The community provides resort-style amenities including five swimming pools and a fitness center, with monthly dues conveniently covering water, trash, internet, and Direct TV.
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, the property may have more restrictive financing requirements and a more intensive board approval process compared to traditional fee-simple condominiums.
The monthly association fee of $625.88 is relatively high, which may impact the debt-to-income ratio for prospective buyers despite the inclusion of several utilities.
Welcome to 5140 Atherton St, Unit #9, a beautifully updated two bedroom, two bath residence nestled within the highly sought after Sovereign Park Estates. Ideally positioned along the river channel and tucked away from major streets, this home offers a rare sense of privacy and serenity in one of the community’s premier locations. Upon entry, you’re welcomed into a warm and inviting living space highlighted by oversized windows, plantation shutters, newer baseboards, and original oak hardwood flooring, refinished in 2021. The recently remodeled kitchen blends style and functionality with quartz countertops, stainless steel appliances, updated cabinetry, and modern tile flooring. An open concept layout with an island creates effortless flow into the dining area, while the expansive private patio extends the living space outdoors for seamless indoor outdoor entertaining. Down the hall, two generously sized bedrooms provide comfort and flexibility. The spacious primary suite features hardwood flooring, plantation shutters, a walk-in closet, a private ensuite bathroom, and a mini-split A/C system installed in 2025. The second bedroom is equally well appointed with original hardwood floors, plantation shutters, its own oversized closet area, and an additional mini-split A/C system. Additional upgrades include a newer circuit breaker installed in 2022, a brand new water heater installed in 2026, and a dedicated parking space within a shared garage nearby the unit. Residents of Sovereign Park Estates enjoy a variety of amenities, including five swimming pools, a community fitness center, plentiful guest parking, and HOA dues that conveniently cover water, trash, Direct TV and internet service. Located within one of Long Beach’s most desirable neighborhoods and an award winning school district, this home offers close proximity to shopping, dining, parks, freeway access, and the coastline.
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 | 1,241 | 1,241 | 50% |
| Lot Size | 329,057 | 329,057 | 50% |
| Price | $550.0K | $512.0K | 75% |
| Price per sq ft | $443 | $433 | 50% |
| Built year | 1965 | 1965 | 50% |
| HOA | $625.88 | $580 | 75% |
| Days on market | 9 | 98 | 25% |
May 28, 2026
$550,000
Initial Listing