5180 E Atherton, Long Beach, California 90815, Long Beach, 90815 - 1 bed, 1 bath
Loading property details...
Long Beach, California 90815
This property presents a Strong Value Opportunity with a List Price of $400,000—positioned well below the $425,882 Fair Market Value by 6%. This valuation gap offers $25,882 in Instant Equity. Featuring a Fair Condition Rating, the unit requires cosmetic updates, yet offers significant lifestyle perks including five community pools and proximity to Bixby Elementary. This is a Buy-and-Hold Investor asset or a strategic entry for first-time buyers seeking a well-located, amenity-rich community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5180 E Atherton Subject | $400,000* List Price | 1 | 1 | 868 | $491 | - |
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 unit is significantly dated with original popcorn ceilings, worn carpeting, and a kitchen featuring older wood cabinetry and finishes likely over 20 years old. The presence of a portable AC unit suggests the lack of a modern central HVAC system, placing it firmly in the fair category requiring cosmetic and system updates.
The HOA fee provides exceptional value by including high-speed internet, Direct TV, and access to five swimming pools, a fitness center, and a clubhouse within a well-maintained park-like setting.
Ideally situated near top-rated schools like Bixby Elementary and within walking distance to major shopping centers, diverse dining options, and public transportation hubs.
The unit features a bright, airy living room that opens to a private patio deck overlooking lush grounds, offering a sense of space and tranquility rare for a one-bedroom unit.
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. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 1, other record bedroom count = 2.
As a stock cooperative rather than a traditional condominium, this property may face more restrictive financing requirements, which can limit the pool of potential buyers.
The lack of in-unit laundry hookups requires residents to use community facilities, which may be a significant convenience drawback for modern buyers.
5180 E. ATHERTON ST. #102, Sovereign Park Estates. 858 Square feet of comfortable living space. Spacious 1 bedroom and 1 bath upstairs unit. Great Long Beach location close to shopping, grocery stores, best of restaurants and public transportation. Bright and cheery living room opens to nice size patio deck overlooking park like area. Kitchen offers a dishwasher, refrigerator, electric stove top with exhaust hood. Centrally located in the complex with close public parking and a garage space a short distance from unit. HOA dues include high speed internet and Direct TV, trash, water and exterior maintenance. Grounds are well maintained including 5 swimming pools, clubhouse, fitness center, community laundry facilities and a resident library. Unit has lots of natural light, very nice kitchen, great size living room and bedroom. Relax in a private neighborhood and enjoy the amenities.
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 | 1.0 | 1.5 | 50% |
| Baths | 1.0 | 1.5 | 50% |
| Square foot | 868 | 1,054.5 | 50% |
| Lot Size | 329,057 | 329,057 | 50% |
| Price | $400.0K | $464.5K | 25% |
| Price per sq ft | $461 | $442 | 50% |
| Built year | 1965 | 1965 | 50% |
| HOA | $520.85 | $550 | 25% |
| Days on market | 15 | 105 | 25% |
May 29, 2026
$400,000
Initial Listing