$499,988

If you're interested in an opportunity for built-in equity by transforming this diamond-in-the-rough a real show-stopper, and exactly to your tastes. here is a chance to live in a top-floor end unit that is larger than some single family homes in the area! This 3 bed, 2 bath unit has over 1500 sq feet in a very desirable part of Long Beach. This home is located in Sovereign Park Estates, a co-op community. What that means to a buyer is a) one must be an owner-occupant, b) there is an added step of board approval (generally a formality) and, c) if one finances the purchase, there is a 20% min down payment required with a lender who can do co-op purchases (we have references if needed). The upside is that because of this unique way of holding ownership, the community has always been a "good buy." This unit itself has one of SPE's largest floorplans that rarely becomes available, and has the added bonus of having a beautiful stone fireplace (unique to only a few units in this community), tons of closet space, and is well-lit with windows along both the west and east sides. The large balcony that extends the length of the LR provides lovely views of the common greens. Plantation shutters line the living room's exterior. 1 assigned parking spot in shared 2-car garage; additional passes for add'l resident(s) are assigned by HOA. Community laundry. Sovereign Park Estates is a well-managed & friendly co-op community that offers 5 pools, 5 laundry rooms, a workout room, library, billiard rm, several community rms and well-kept green spaces. The monthly dues include basic cable and internet. Walk Score: 80. Very close proximity to CSULB (besides working or attending as a student, there are sports and theatre events to enjoy), stores, restaurants, golf, public transportation and freeway access. Quaint Bouton Creek Park is just a few feet away for easy picnicking/ relaxing. This unit is upstairs, up one flight of stairs; no elevator. All-electric unit.