5200 E Atherton 123, Long Beach, California 90815, Long Beach, 90815 - 1 bed, 1 bath
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Long Beach, California 90815
This Modernized Stock Cooperative is a High-Potential Investment Opportunity, listed at $365,000—positioned well below the $438,281 Fair Market Value by 16%. This valuation gap secures $73,281 in Instant Equity for the buyer. The unit maintains a Good Condition Rating, featuring a new $12,000 HVAC system, quartz countertops, and a pool view. Proximity to top-rated Bixby Elementary and CSULB ensures strong lifestyle appeal and rental demand. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a turnkey, high-equity asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5200 E Atherton 123 Subject | $365,000* List Price | 1 | 1 | 868 | $505 | - |
A 5140 E Atherton 39 Sold | $430,000 | 1 | 1 | 868 | $495 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1965, the unit is move-in ready with significant recent updates including a new $12,000 HVAC system, quartz countertops in the kitchen and bath, refinished hardwood floors, and newer vinyl windows. It remains in the 'Good' category rather than 'Excellent' due to older white appliances and dated popcorn ceilings.
The unit features significant high-value upgrades, including a new $12,000 HVAC heat pump system, refinished hardwood floors, and a remodeled kitchen with quartz countertops, ensuring move-in ready comfort.
As an upper corner unit, the layout is enhanced by a wood-screen partition that creates a flexible area ideal for a home office, den, or guest space, maximizing the utility of the square footage.
Located in the sought-after Los Altos area near CSULB and shopping, the property includes the rare benefit of a one-car garage with additional storage space tucked beneath the 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.
The property is a stock cooperative rather than a traditional condominium, which typically requires more stringent board approval and can involve more complex financing requirements for buyers.
With only one formal bedroom, the property may have a narrower appeal to a specific buyer demographic compared to multi-bedroom units in the same price bracket.
This charming, affordable, upper corner unit, tucked away in the sought-after Sovereign Park Estates of Los Altos, is a true hidden gem. Step into a sunlit, freshly painted living space featuring beautifully refinished hardwood floors and newer vinyl windows that let in natural light and refreshing ocean breezes. A wood-screen partition dividing the living room adds character and creates a versatile separation—ideal for a den, home office, or even a second bedroom. The updated kitchen features quartz countertops, a convenient breakfast bar, and modern tile flooring, making it as functional as it is stylish. Storage lovers, rejoice—the bedroom offers an oversized closet that’s practically walk-in, providing ample space for all your belongings. The bathroom has also been tastefully updated with a quartz countertop and tile flooring for a clean, contemporary feel. Additional perks include a recently replaced HVAC heat pump system, a $12,000 upgrade that ensures year-round comfort, and a one-car garage space with even more storage, tucked beneath the unit. Sovereign Park Estates enjoys a prime location just north of Park Estates. You’ll love the close proximity to CSULB, Los Altos shopping, and easy freeway access—everything you need is just minutes away. This unit is the perfect blend of comfort, convenience, and charm. Don’t miss your chance to call Sovereign Park Estates home!
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 | $365.0K | $464.5K | 25% |
| Price per sq ft | $421 | $422 | 50% |
| Built year | 1965 | 1965 | 50% |
| HOA | $520.9 | $550 | 50% |
| Days on market | 38 | 98 | 25% |
Apr 29, 2026
$365,000
Initial Listing