West Carson, CA Investment

[Shoshanna Douglas]

Hi,

My husband and I own a townhome in west carson even though addressed as torrance we are still part of LA county. We bought a 3 bed, 2.5 bath townhome for 472k in early 2018 and its now valued about 520k. I feel like sometimes we made a bad decision on besides buying a non SFH, becuase of HOAs, but also the industrial development going on. I do see homes selling higher and higher but is it worth holding onto for years to come? We currently do house hacking and its been a good experience for us so far :)

We plan to have kids 5 years from now and maybe sell it to buy a better home in a better area or we might hold onto it for renting purposes. It's a beautifully renovated home when we bought it, but at the time we weren't investor savy and couldn't afford a home over 500k and we work in Redondo Beach. Do you think overall investing here in the 90502 zip code is a good idea?

[David Gwilt]

@Shoshanna Douglas, what are your long term goals related to real estate here in the LA area?  I recommend that you look at your 10 year plan and then work backward.  From what you posted, once sales costs are factored in you wouldn't have any profit left from the sale.