Sovereign Park Estates - 5140 E Atherton Street #36 Long Beach for Sale
A Story by Michele Kreinheder | Updated 11/7/2014 2:45pm
This two bedroom two bath listed at 5140 E. Atherton Street #36 in Sovereign Park Estates is well priced at $320,000. It shows well with wood floors, open floor plan, lovely kitchen and large windows and porch.Â
Where is Sovereign Park Estates? If you live on the east side of Long Beach you have driven past this complex many times but I bet you don't know how lovely it is on the interior.
Starting atÂ Cal State Long Beach, head west on Atherton Street, cross Bellflower and drive pass the ARCO gas state, the Unitarian Church, the grassy area called Bouton Creek Park.A bit of Long Beach trivia;Â This city park of just .78 acres was donated by L.S. Whaley who headed the Home Investment Company that developed the Los Altos areas between Atherton and Stearns in the late 40âs and 50âs.Â What I find interesting it is named after Edwin Bouton who was a business man and developer of Lakewood. Do you think there is a Whaley Park in Lakewood to make all things even?
Â As you continue on Atherton you pass Edgewater Preschool and immediately past this you finally come toÂ Sovereign Park Estates. It is the white buildings that hug the road almost until you reach Clark Avenue.
Sovereign Park Estates is a Stock Cooperative which means rather than owning a condo, per se, you own stock in a corporation.Â Financing can be a bit tricky on this type of ownership and requires at least a 20% downpayment. For this reason you will find the prices lower than condo complexes just across the street. Â
The complex is owner occupied only which may sound like a negative but is actually a positive; no college students here folks. Just 156 privately owned units that surround five unique pools, each with their own private club house. The grounds are well established combination of mutual trees and tropical foliage. Part of the stock cooperative guidelines pay for a full-time maintenance person who is on call 24/7. Derek as been the competent caregiver for the past 20 years.
All units are just one level, either up or down. A typical unit is 2 bedrooms with 2 baths, an open floor plan with either tile or hardwood floor of approximately 1,200 square feet.Â All your utilities, except electricity, including cable are coveredÂ in your HOA dues.
Â The best part is it Sovereign Park Estates is located right here in Los Altos and if downsizing is in your plans you would be crazy not to take a look at Sovereign Park Estates.