Smart Moves: a $500K Condo Could Be the Perfect First Step

1323 S Carmelina Ave - 13

In today’s competitive housing market, many renters are paying $3,000–$4,000 a month for properties they’ll never own. But what if you could put that same amount toward owning your own home and building equity for your future?

Here's a dive into a real-world comparison of listings in the same price range, showing how buying isn’t just an alternative—it’s an investment in your financial future. Let’s explore what’s available now and why making the leap to homeownership could be the best decision you’ll ever make.

3223 Wilshire Blvd Santa Monica, CA 90403 (multiple units available)

  • Newly built, compact units on Wilshire. Price based on lease length.

1173 1/2 (#2) Amherst Ave, Los Angeles, CA 90049

  • Fully furnished in Brentwood for $3,700 / mo

1352 S Carmelina Ave #307, Los Angeles, CA 90025

  • Sizeable 1 bedroom with in-unit laundry. 6-18 month lease terms for $3,150 / mo

1322 Wellesley Ave #9, Los Angeles, CA 90025

  • 2 bed apartment with 2 parking spaces in gated building for $3,100 / mo

12211 Idaho Ave #301, Los Angeles, CA 90025

  • Top floor 2-bed condo with high ceilings and parking. $3,600 / mo

12431 Rochester Ave #202, Los Angeles, CA 90025

  • 1 bed, 1.5 bath in building with amenities for $3,695 / mo

Key Comparisons

Renting

Pros:

• Lower upfront costs (typically just a deposit and first/last month’s rent)

• Flexibility to move without worrying about property value or selling

Cons:

• No equity building; monthly payments only benefit the landlord

• Rent increases are typical year over year

• Limited customization options

• Cannot refinance into a lower payment or leverage equity

Buying

•Pros:

•Builds equity over time, allowing you to invest in your financial future.

•Fixed mortgage payments offer stability compared to rent fluctuations.

•Potential appreciation in property value.

•Tax benefits like deductions for mortgage interest and property taxes.

•Cons:

•Higher upfront costs (down payment, closing costs).

•Long-term commitment to the property.

•More maintenance and repair responsibilities.

A comparable buy

1323 S Carmelina Ave #106

Los Angeles, CA 90025
Bed 1 Bath 1 Sq Ft. 606 Price $499,000
Listing Details Explore more in Los Angeles
34.040034,-118.468092

Conclusion: Investing in Your Future

With a price of $499,000, 1323 S Carmelina Ave #106 offers a unique chance to enter the housing market with monthly payments comparable to rent. While it’s a smaller unit (600 sq. ft., 1 bed), it could be a perfect stepping stone for future opportunities, especially for first-time buyers transitioning from renting.

Are you curious about buying your own place?

That's where we come in.

We'd be happy to sit down and strategize with you. It's not about opening your wallet and offering on a place to buy right now, it's about looking at your situation and planning for your future. That's what we do.

It's a big step that takes time and we're here to guide you every step of the way. Book a free strategy session with us!

Schedule now

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