Search homes for sale in the communities of Plaza Del Amo Torrance

Real Estate in the Gated Communities of Plaza Del Amo

New Plaza Del Amo Listing Hits the Market in Summerwind

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This new listing in the gated community of Summerwind in Plaza Del Amo just came on the market the week of 5/10. Priced at $675,000 this is a 2 bedroom, 2 1/2 bath townhome with approximately 1,273 square feet. Although it’s in fairly original condition it’s clearly been well taken care of since it was built in 1989. It’s a bright and open layout that gets good light and is clean and ready to go.  Summerwind at Plaza Del Amo is a very nice complex with Cape Cod inspired architecture and great community areas including a beautiful pool and spa area, kids playground, and relaxing water features.

Contact Torrance real estate specialist for more information or to set up a private showing.

2800 Plaza Del Amo #1


All information provided is deemed reliable, but is not guaranteed and should be independently verified.
*Square footage approximate based on information from the CRMLS and is not guaranteed.

Torrance Real Estate Recap – April 2020 Home Sales and Home Prices

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Torrance saw a drop in home sales for April but it wasn’t nearly as signnificant as some areas.  Some other South Bay cities actually saw an over 50% drop in home sales from the year before.   In April Torrance saw 81 home sales in April which was well below the 99 sold homes from this time a year ago but still a solid number..  The median list price for the homes that sold was $789,000 with the median “sold” price of $779,000 indicating a strong seller’s market.

View the current homes for sale in Torrance

Home For Sale in April 2020: 102 units.
• Up 24.4% compared to last month
• Down 32% compared to last year

Home Closed in April 2020: 79 units.
• Down 9.2% compared to last month
• Down 20.2% compared to last year

Home Placed under Contract in April 2020: 45 units.
• Down 43% compared to last month
• Down 59.1% compared to last year

April Home Sales and Home Prices for Torrance

Type
 Address
Price
$ Per Foot
Bed/Bath
Sq Feet
Year Built
CONDO/A
1614 W
 207th ST
#2
$515,000
$266.84
3/2,0,1,0
1930/A
2006/ASR
SFR/D
20848
 Denker Ave   
$630,000
$690.79
2/1,0,0,0
912/OTH
1954/OTH
SFR
21911
 NORMANDIE AVE  
$650,000
$527.60
2/1,0,0,0
1232/
1948
SFR/D
1060 W
 220th ST  
$650,000
$435.66
4/2,0,0,0
1492/A
1952/ASR
SFR/D
1326
 Harmony WAY  
$655,000
$324.90
4/3,0,0,1
2016/A
2007/ASR
SFR/D
21223 S
 Normandiee AVE  
$862,990
$453.25
4/3,0,0,0
1904/B
2019/BLD
SFR/A
21455 S
 Normandie AVE
$916,990
$403.78
4/3,0,0,0
2271/B
2019/BLD
CONDO/A
1119
 Sepulveda BLVD#H202
$340,000
$427.14
2/1,0,0,0
796/A
1973/ASR
CONDO/A
20516 S
 Vermont AVE#56
$375,000
$387.00
2/1,1,0,0
969/A
1978/ASR
CONDO/A
22224 S
 Vermont AVE#102C
$435,000
$388.39
2/2,0,0,0
1120/A
1985/ASR
TWNHS/A
22533 S
 Vermont AVE#72
$445,000
$361.49
2/1,0,1,0
1231/A
1982/ASR
TWNHS/A
22330
 Harbor Ridge LN #5
$505,000
$392.39
3/1,0,1,0
1287/A
1980/ASR
TWNHS/A
22326
 Harbor Ridge LN #2
$520,000
$353.26
3/2,0,1,0
1472/A
1979/PUB
TWNHS/A
1126 W
 228th ST
#19
$549,000
$403.08
3/2,0,1,0
1362/A
1988/ASR
SFR/D
801 W
 213th ST  
$620,000
$343.11
3/2,0,0,0
1807/A
1976/ASR
SFR/D
3132
 Dalemead ST
$855,000
$673.23
3/2,0,0,0
1270/A
1950/ASR
SFR/D
3244
 Danaha St
$880,000
$767.89
3/2,0,0,0
1146/A
1950/ASR
SFR/D
2643
 Loftyview DR
$950,000
$627.48
3/2,0,0,0
1514/A
1954/ASR
SFR/D
2634
 Loftyview DR
$950,000
$583.54
3/1,1,0,0
1628/A
1954/ASR
SFR/D
4134
 Pacific Coast #134
$1,145,000
$405.45
5/4,0,0,0
2824/A
2001/ASR
CONDO/A
3030
 Merrill DR #1
$502,800
$369.43
2/1,1,0,0
1361/T
1963/ASR
COOP/A
3205
 Merrill DR #20
$525,000
$388.89
3/1,1,0,0
1350/E
1963/ASR
TWNHS/A
1704
 Elm AVE #23
$690,000
$357.14
3/2,0,1,0
1932/E
1981/ASR
TWNHS/A
2931
 Plaza Del Amo#22
$715,000
$525.35
2/2,0,1,0
1361/A
1985/ASR
TWNHS/A
2595
 Plaza Del Amo#419
$745,000
$480.96
3/3,0,0,0
1549/A
1986/ASR
TWNHS/A
2300
 Maple AVE #178
$750,000
$431.53
3/3,0,0,0
1738/A
1988/ASR
CONDO/A
3538
 Torrance #192
$776,000
$466.07
3/2,0,1,0
1665/A
2005/ASR
TWNHS/D
2785
 Maricopa
$939,000
$373.81
4/3,0,0,0
2512/A
2005/ASR
SFR/D
2116
 Bridgeport Way
$1,000,000
$410.00
3/2,0,1,0
2439/A
1988/ASR
SFR/D
1122
 Cranbrook Ave
$1,192,000
$430.64
6/3,0,1,0
2768/A
1951/ASR
CONDO/A
24410
 Crenshaw BLVD #317
$315,000
$483.87
1/1,0,0,0
651/A
1987/PUB
CONDO/A
22625
 Nadine CIR#B
$420,000
$376.01
2/2,0,0,0
1117/A
1963/ASR
CONDO/A
23028
 Nadine CIR#B
$460,000
$411.82
2/2,0,0,0
1117/A
1963/ASR
SFR/D
22632
 Greenwood AVE
$865,000
$621.41
3/2,0,0,0
1392/P
1960/ASR
SFR/D
2729 W
 230th ST
$960,000
$597.76
3/1,1,0,0
1606/A
1960/ASR
SFR/D
24707
 Via Valmonte
$928,000
$623.24
2/2,0,0,0
1489/P
1970/ASR
SFR/D
4818
 Greenmeadows AVE
$950,000
$538.55
4/2,0,0,0
1764/A
1953/ASR
SFR/D
4709
 Greenmeadows AVE
$1,075,000
$614.99
3/1,1,0,0
1748/A
1953/ASR
SFR/D
5505
 Riviera Way
$2,225,000
$646.80
4/4,0,0,0
3440/B
2019/BLD
CONDO/A
22218 S
 Vermont Ave#102C
$430,000
$383.93
2/2,0,0,0
1120/A
1985/ASR
SFR/D
4210
 Cathann St
$949,000
$623.52
3/2,0,0,0
1522/A
1956/ASR
CONDO/A
5500
 Torrance #C121
$660,000
$516.03
3/2,0,0,0
1279/A
1990/ASR
SFR/D
21806
 Anza AVE
$849,000
$744.74
3/1,1,0,0
1140/A
1956/ASR
SFR/D
4710
 Scott ST
$900,000
$765.96
3/1,1,0,0
1175/A
1955/ASR
CONDO/A
5500
 Torrance Blvd #A309
$685,000
$495.30
3/2,0,0,0
1383/A
1990/ASR
SFR/D
19609
 Talisman St
$860,000
$575.64
3/2,0,0,0
1494/A
1954/ASR
SFR/D
4810
 Carmelynn
$865,000
$596.55
3/1,0,0,0
1450/S
1955/ASR
TWNHS/A
4410
 Emerald ST#46
$899,999
$395.26
3/1,1,1,0
2277/P
1981/PUB
SFR/D
4520
 Darien ST
$946,900
$862.39
3/1,0,0,0
1098/A
1954/ASR
SFR/D
5214
 Arvada ST
$965,000
$861.61
3/1,1,0,0
1120/A
1954/PUB
SFR/D
19516
 Ronald AV
$965,000
$835.50
3/1,1,0,0
1155/A
1956/ASR
SFR/D
19309
 Donora AV
$1,015,000
$686.27
3/2,0,1,0
1479/A
1955/ASR
SFR/D
19715
 Redbeam
$1,125,000
$674.87
3/2,0,0,0
1667/A
1969/ASR
SFR/D
5602
 Marialinda
$1,180,000
$737.50
3/2,0,0,0
1600/S
1959/ASR
SFR/D
5609
 Marialinda
$1,200,000
$650.05
4/2,0,0,0
1846/A
1959/ASR
SFR/D
19202
 Beckworth Ave
$1,400,000
$590.47
4/2,0,0,0
2371/A
1954/ASR
SFR/D
3418 W
 172nd ST
$755,000
$516.77
3/2,0,0,0
1461/A
1953/ASR
SFR/D
18929
 Roselle AV
$780,000
$428.34
4/1,2,0,0
1821/A
1968/ASR
SFR/D
4217 W
 175th PL
$860,000
$416.87
4/2,0,0,0
2063/A
1976/ASR
SFR
4146 W
 177TH ST
$925,000
$404.46
4/2,0,1,0
2287/
1952
TWNHS/A
18421
 Van Ness AVE
$550,000
$416.35
3/2,0,1,0
1321/A
1964/ASR
TWNHS/A
2052
 Artesia BL #B
$620,000
$371.04
3/3,0,0,0
1671/A
2001/OTH
SFR/D
16010
 Illinois CT
$750,000
$370.92
5/3,0,0,0
2022/A
1950/ASR
SFR/D
2007 W
 180TH ST 4315
$779,000
$575.76
3/1,1,0,0
1353/A
1957/ASR
SFR/D
2615 W
 166th PL W
$835,000
$642.31
3/1,1,0,0
1300/A
1955/ASR
SFR/D
16515
 Purche AV E
$850,000
$450.69
3/2,0,1,0
1886/A
1955/ASR
SFR/D
16923
 Cranbrook AVE
$885,000
$441.84
4/2,0,0,0
2003/A
1956/ASR
TWNHS
1262
 Engracia AVE
$590,000
$671.98
2/1,0,1,0
878/
2005
TWNHS/A
1956
 Plaza Del Amo #A
$618,000
$446.85
3/3,0,0,0
1383/A
1987/ASR
SFR/D
2435
 Cabrillo AVE
$725,000
$620.72
3/1,0,0,0
1168/A
1942/ASR
TWNHS/D
1911
 Gramercy AVE
$730,000
$507.65
3/2,0,0,0
1438/A
1990/ASR
CONDO/A
759
 Border AVE
$750,000
$483.87
3/2,0,1,0
1550/A
2005/PUB
SFR/D
2216 W
 236th PL
$720,000
$549.62
4/1,1,0,0
1310/A
1955/ASR
SFR/D
2826
 Gramercy AVE
$765,000
$728.57
3/2,0,0,0
1050/A
1947/ASR
SFR/D
2379 W
 230th ST
$808,000
$481.53
3/1,1,1,0
1678/A
1958/ASR
SFR/D
2350 W
 228th ST
$903,000
$393.29
4/2,1,0,0
2296/A
1963/ASR
SFR/D
1832 W
 243rd Pl
$926,000
$493.08
4/2,0,0,0
1878/A
1964/ASR
SFR/D
2228 W
 231st ST
$980,000
$517.70
4/3,0,0,0
1893/P
1973/PUB
CONDO/A
1528
 Marcelina AVE #F
$485,000
$575.33
2/1,0,0,0
843/A
1991/ASR
SFR/D
20603
 Berendo AVE
$590,000
$512.15
3/2,0,0,0
1152/A
1930/PUB
SFR/D
720 W
 214th ST
$607,000
$404.13
3/2,0,0,0
1502/A
1950/PUB

Recent Plaza Del Amo Area Home Sales in Torrance

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Keep current on the Plaza Del Amo Torrance real estate market with the latest home sales and home prices.  See below for the past few months of activity on the Plaza Del Amo real estate market.  See also the current homes for sale in Plaza Del Amo area.

Recent Plaza Del Amo Home Sales

Real Estate Recap – March 2020 Home Sales and Prices for Torrance

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**March numbers were not yet impacted by Covid 19 so that will likely change things quite a bit as many “pending” escrows have fallen out and are now back on the market. **

While we focus primarily on real estate in the Plaza Del Amo and Central Torrance neighborhoods, you may be interested to see what homes are selling for in the rest of Torrance CA.

There were 84 on market closed sales during March which is down slightly from the same month a year earlier but a nice increase from the beginning of 2020.    The number of pending sales has jumped considerable each month of 2020 thus far so one would have expected that to continue.

View the current homes for sale in Torrance

Median “list” price was $787,000 with the median “sold” price at $815,000 which shows that homes were selling WAY over the list price indicating a market VERY favorable to sellers.  The average price per foot was $515.80 and median days on the market was only 9 before going into escrow.

Home Sales and Prices in Torrance CA for March 2020

Type   Address Price $ Per Foot Bed/Bath Sq Feet Year Built Sold Date
TWNHS 1445 W 224TH ST   #5 $495,000 $348.59 3/1,1,1,0 1420/A 2007/ASR 3/10/2020
CONDO/A 20434 S Vermont AVE   #72 $267,500 $407.77 1/1,0,0,0 656/A 1978/ASR 3/13/2020
CONDO/A 1129 Sepulveda BLVD   #M201 $348,000 $437.19 2/1,0,0,0 796/A 1973/ASR 3/25/2020
CONDO/A 23334 Sesame ST   #C $360,000 $434.26 2/2,0,0,0 829/A 1973/ASR 3/16/2020
CONDO/A 806 Coriander DR   #G $365,000 $440.29 2/2,0,0,0 829/A 1973/ASR 3/27/2020
CONDO/A 21858 S Vermont Av    #4 $377,000 $403.64 2/2,0,0,0 934/A 1994/ASR 3/2/2020
CONDO/A 23334 Sesame ST   $390,000 $470.45 2/1,1,0,0 829/A 1973/ASR 3/3/2020
SFR/D 23033 Alexandria AVE   $420,000 $259.42 3/1,0,0,0 1619/A 1956/ASR 3/27/2020
SFR/D 1056 W 220th ST   $461,500 $456.03 3/1,0,0,0 1012/A 1952/PUB 3/4/2020
SFR/D 1040 Fiat ST   $500,000 $520.83 3/1,0,0,0 960/A 1954/ASR 3/5/2020
SFR/D 23111 Alexandria AVE   $540,000 $575.69 2/1,0,1,0 938/A 1956/ASR 3/27/2020
SFR/D 1057 Fiat ST   $542,000 $564.58 3/1,0,0,0 960/A 1954/ASR 3/26/2020
SFR/D 21419 Marigold AVE   $580,000 $428.99 3/1,1,0,0 1352/A 1959/ASR 3/10/2020
SFR/D 711 Gian DR   $730,000 $302.03 4/3,0,0,0 2417/A 1968/EST 3/25/2020
SFR/D 22530 Meyler ST   $735,000 $422.66 4/2,0,0,0 1739/A 1961/ASR 3/23/2020
SFR/D 2611 Nearcliff ST   $774,000 $735.04 3/1,0,0,0 1053/A 1954/ASR 3/27/2020
SFR/D 3202 Singingwood DR   $850,009 $421.84 3/3,0,0,0 2015/A 1976/ASR 3/10/2020
SFR/D 3314 Danaha ST   $878,700 $631.70 3/2,0,0,0 1391/A 1949/ASR 3/27/2020
SFR/D 3326 Primm WAY   $900,000 $843.49 3/1,0,0,0 1067/A 1950/ASR 3/26/2020
SFR/D 25811 Matfield DR   $921,000 $594.19 3/2,0,0,0 1550/A 1956/ASR 3/24/2020
SFR/D 3506 Senefeld DR   $940,000 $755.63 3/2,0,0,0 1244/A 1951/ASR 3/6/2020
SFR/D 3014 Softwind WAY   $1,065,000 $575.05 3/3,0,0,0 1852/A 1975/ASR 3/25/2020
SFR/D 3321 Candlewood RD   $1,300,000 $520.21 4/3,0,1,0 2499/A 1975/ASR 3/26/2020
DPLX/D 24458 Park ST   $1,599,000 $533.00 5/3,0,0,0 3000/A 1962/ASR 3/9/2020
TWNHS/A 3101 Plaza Del Amo    #104 $623,000 $525.30 2/2,0,1,0 1186/A 1986/ASR 3/16/2020
TWNHS/A 2971 Plaza Del Amo    #293 $658,000 $483.47 2/3,0,0,0 1361/A 1985/ASR 3/20/2020
TWNHS/A 3538 Torrance BLVD   #156 $815,000 $454.80 3/2,0,1,0 1792/A 2005/ASR 3/24/2020
SFR/D 2510 Dorset    $1,065,000 $431.17 4/2,0,1,0 2470/A 1991/ASR 3/27/2020
CONDO/A 22647 Nadine CIR   #A $443,000 $396.60 1/2,0,0,0 1117/A 1963/PUB 3/13/2020
CONDO/A 22645 Nadine CIR   #B $455,000 $407.34 2/2,0,0,0 1117/A 1963/ASR 3/12/2020
CONDO/A 22913 Maple AVE   #B $475,000 $425.25 2/2,0,0,0 1117/P 1963/ASR 3/6/2020
CONDO/A 22628 Nadine CIR   #A $490,000 $515.79 2/2,0,0,0 950/A 1963/PUB 3/31/2020
CONDO/A 23016 Nadine CIR   $515,000 $532.57 2/1,0,0,0 967/A 1963/ASR 3/2/2020
SFR/D 3514 W 224th ST   $862,500 $544.85 3/1,0,1,0 1583/A 1954/ASR 3/24/2020
SFR/D 22910 Wade AVE   $1,185,000 $357.79 4/2,0,1,0 3312/A 1976/ASR 3/13/2020
SFR/D 4317 Highgrove AVE   $1,050,000 $630.25 3/1,0,1,0 1666/A 1954/ASR 3/9/2020
SFR 4427 VISTA LARGO    $1,325,000 $784.02 4/2,0,1,0 1690/ 1958 3/6/2020
SFR/D 4621 Via El Sereno    $1,428,015 $653.85 4/1,2,0,0 2184/A 1963/ASR 3/19/2020
SFR/D 4002 W 234th ST   $830,000 $547.49 3/2,0,0,0 1516/A 1961/ASR 3/18/2020
SFR/D 23224 Anza AVE   $940,000 $554.25 4/2,0,0,0 1696/E 1960/EST 3/4/2020
SFR/D 23633 Ladeene AVE   $980,000 $655.08 3/1,1,0,0 1496/A 1962/ASR 3/23/2020
SFR/D 4616 mindora DR   $990,000 $769.83 3/0,1,0,0 1286/A 1951/ASR 3/16/2020
SFR 4134 PACIFIC COAST HWY   #124 $1,087,000 $434.80 3/2,0,1,0 2500/AP 2001 3/17/2020
SFR/D 5130 Sepulveda BLVD   $1,100,100 $428.22 4/2,2,0,0 2569/A 1952/ASR 3/13/2020
SFR 22329 LADEENE AVE   $1,269,400 $575.43 4/3,0,0,0 2206/ 1953 3/23/2020
SFR/D 22312 Ladeene AVE   $1,270,000 $488.46 5/3,0,0,0 2600/A 1953/ASR 3/31/2020
SFR/D 23203 Los Codona AVE   $1,344,015 $604.32 4/3,0,0,0 2224/A 1965/ASR 3/3/2020
SFR/D 3855 Tiffany CT   $1,360,000 $436.88 5/3,0,0,0 3113/A 1977/ASR 3/3/2020
SFR 22006 ANZA AVE   $895,000 $563.96 3/2,0,0,0 1587/ 1956 3/4/2020
SFR/D 22117 Palos Verdes BLVD   $948,000 $522.89 3/2,0,0,0 1813/A 1955/ASR 3/27/2020
SFR/D 21509 Ladeene AVE   $1,277,000 $674.95 4/3,0,1,0 1892/A 1956/PUB 3/13/2020
TWNHS/A 4438 Spencer ST   #9 $730,000 $431.70 2/2,0,1,0 1691/A 1984/ASR 3/27/2020
TWNHS/A 5208 W 190th ST   $775,000 $423.27 3/1,1,1,0 1831/P 1976/ASR 3/12/2020
SFR/D 4770 W 191st ST   $890,000 $485.81 3/1,0,0,0 1832/A 1954/ASR 3/1/2020
SFR/D 19521 Beckworth AVE   $945,000 $540.00 3/1,1,0,0 1750/A 1954/ASR 3/11/2020
SFR/D 5019 Halison ST   $1,074,000 $561.13 4/2,0,0,0 1914/A 1973/ASR 3/4/2020
SFR/D 5009 Maricopa ST   $1,451,000 $593.94 5/2,0,1,0 2443/A 1959/ASR 3/24/2020
TWNHS/A 4033 W 182nd ST   #C $475,000 $287.53 2/1,0,1,0 1652/A 1980/ASR 3/16/2020
SFR/D 4303 W 178th ST   $708,000 $679.46 2/2,0,0,0 1042/A 1949/ASR 3/24/2020
SFR/D 3705 W 180th PL   $715,000 $642.99 3/1,0,0,0 1112/A 1953/ASR 3/26/2020
SFR/D 3705 W 180th PL   $715,000 $642.99 3/1,0,0,0 1112/P 1953/ASR 3/26/2020
SFR/D 3924 W 187TH ST   $790,000 $670.63 3/1,0,1,0 1178/A 1956/ASR 3/11/2020
SFR/D 16703 Ermanita AVE   $800,000 $638.98 3/2,0,0,0 1252/A 1952/ASR 3/25/2020
SFR/D 3116 W 185th ST   $860,000 $564.30 3/1,1,0,0 1524/A 1950/ASR 3/5/2020
SFR/D 18426 Yukon AVE   $950,000 $484.20 4/2,0,1,0 1962/A 1954/ASR 3/17/2020
TWNHS/A 18413 Van Ness AVE   $560,000 $423.92 2/1,1,1,0 1321/A 1964/ASR 3/4/2020
SFR/D 1948 W 187th PL   $625,000 $496.03 3/2,0,0,0 1260/A 1958/ASR 3/5/2020
SFR/D 18825 Wilton PL   $661,500 $443.36 3/2,0,0,0 1492/A 1951/ASR 3/10/2020
SFR/D 18410 Haas AVE   $779,000 $628.23 3/1,1,0,0 1240/A 1955/ASR 3/20/2020
SFR/D 18049 Saint Andrews PL   $815,000 $378.01 4/3,0,0,0 2156/A 1961/ASR 3/26/2020
SFR/D 16216 Taylor CT   $832,000 $509.18 3/2,0,0,0 1634/A 1953/ASR 3/17/2020
SFR/D 17020 Kristin AVE   $840,000 $701.17 3/2,0,0,0 1198/A 1955/ASR 3/3/2020
SFR/D 2131 W 184th ST   $851,000 $425.07 3/1,1,0,0 2002/A 1962/ASR 3/4/2020
SFR/D 1012 Sierra PL   $680,000 $564.78 2/1,1,0,0 1204/A 1950/ASR 3/19/2020
TWNHS/A 2714 Cabrillo AVE   $705,000 $427.27 2/2,0,1,0 1650/A 2006/PUB 3/2/2020
TWNHS/A 1800 Oak ST   #351 $756,000 $507.38 2/2,0,1,0 1490/A 2007/ASR 3/17/2020
TWNHS/A 2303 Jefferson ST   #1208 $859,000 $403.10 3/3,0,0,0 2131/B 2010/ASR 3/6/2020
SFR/D 2416 Santa Cruz CT   $899,000 $386.67 3/2,0,0,0 2325/A 1977/PUB 3/16/2020
SFR/D 1767 W 245th ST   $620,000 $573.01 3/1,0,0,0 1082/A 1952/ASR 3/17/2020
SFR/D 23727 Alliene AVE   $770,000 $691.20 3/1,0,0,0 1114/A 1953/ASR 3/11/2020
SFR/D 2409 W 235th ST   $885,000 $492.76 4/2,0,0,0 1796/A 1959/ASR 3/20/2020
SFR/D 2416 W 228th St    $920,000 $519.48 3/2,0,0,0 1771/A 1971/ASR 3/10/2020
SFR/D 2371 W 235th PL   $1,150,000 $511.11 5/3,0,0,0 2250/A 1963/ASR 3/3/2020
CONDO/A 3220 Merrill DR   #43 $325,000 $477.94 1/1,0,0,0 680/A 1964/ASR 3/10/2020

 

Why Buying a Home in Plaza Del Amo Makes More Sense than Renting

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Given the nature of the complexes of Plaza Del Amo, with an abundance of individually owned homes and townhomes of which many are rentals….many potential home buyers wonder if it makes more sense to own to rent.  The answer, of course, depends on each situaion, but from a long term perspective it always makes sense to be an owner….not a renter.  While renting is often less expensive in the near term, it does nothing to build wealth and unlike a fixed rate mortgage, rents continue to go up.  What may seem cheaper now, may be far more expensive later on.   Everyone is different but in terms of long term planning it’s almost always better to own than rent.

Here are just a few of the reasons that owning a home is a great plan:

Wise Investment
When you invest in a home, it offers the possibility for appreciation in value. The equity becomes yours when you’re still paying off your mortgage meaning that after the term of the loan you own it outright.  This can be your retirement plan, a way to live inexpensively after you’ve retired, etc.   You even get to live in it while your investment matures.  While you may have saved some money renting, at the end of the rental you have nothing to show for it.

Controlling your Own Destiny
When you are a renter, you are at the mercy of your landlord.  Even when you have a great relationship with your landlord things can change.  If your landlord wants to raise the rent you’re stuck, if they want to move in your stuck, if they want to sell then you’re out.  If you own your home and make your payments you’re in full control with no landlord surpises.

Tax Advantages
Since both mortgage interest and property taxes are tax deductible, homeownership can save you significant amounts of money every year.  There are no tax advantages of renting.

Planned Housing Costs
You decide how much you spend on your home, including repairs and improvements. Unlike renters, homeowners with a fixed-rate loan can lock in their monthly housing costs.

Improvements to Your Taste
You can choose which improvements to make your own property, such as a deck, kitchen remodel, or new paint, instead of needing permission from your landlord.

If you have more questions about making the decision to buy a home, please feel free to call or email.

View many more first time home buyer tips and information.

55+ Senior Housing in Torrance

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If you’re over 55, Torrance has a number of great options for you to purchase a home. Due to lesser demand, senior complexes are generally priced well below similar homes that don’t have age restrictions. If you’re looking for 55+ housing or it might be a good options, please don’t hesitate to contact us and let us know what you’re looking for. You can also search all 55+ housing for sale throughout the South Bay. For specific information take a look at:

Current 55+ Senior Housing in Torrance