Torrance is a bustling city in the South Bay region of Los Angeles County with a history of being an exceptional place of residence for the working man.
In the tumultuous year of 1910 the city’s founder, Jared Sidney Torrance, envisioned an open-shop industrial community. Following this vision, he bought 30,000 acres south of Los Angeles proper to become what he called a “workingman’s paradise.”
For years, Torrance has lived up to its founder’s expectations. The city’s petroleum industry has been active since the early 1920’s, Honda, All Nippon Airways, Toyota, and a slew of Japanese countries also made Torrance their home in the 1960’s, and as of 2018, 17.5% of the city’s employment was in manufacturing.
Currently, Torrance boasts a competitive housing market. With a surplus of buyers and a lack of houses on the market, new developments sell shortly after being built.
While Torrance is known for being a sleepy town full of single-family homes, the city is gradually becoming more youthful. This means that houses in the area are getting a makeover by younger homeowners who are updating their living spaces. Many homes are getting updates, such as open floor plans, to be more contemporary.
Where to Live
Different parts of Torrance suit different types of people. If you commute, northern Torrance is the area for you. The northern part of Torrance is closer to freeways and commercial areas. With bad traffic being one of Torrance’s only real pitfalls, commuters will want to make their commutes as short and painless as possible.
For those moving to Torrance to be close to the beach, west and south Torrance are better choices.
Torranca is home to some amazing schools from pre-school all the way up to highschool. With several of the properties rated a 8+ by GreatSchools.org.
The Real Estate Market
Torrance homes are more affordable in comparison to the rest of the LA’s coastal housing market. Currently, out of 350 active listings the median listing price is $875,000 and the average price per square foot is $538. The most popular neighborhoods near Torrance are said to be Westchester, Northwest Torrance, Olde Torrance, and West Village.
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Neighborhood Pros and Cons
Torrance has a stable economic base because of its diversified economy. Even though the main portion of the city’s economy is in manufacturing, a lot of employment exists in other sectors as well.
The city is very safe. While 4.47 out of 1,000 residents in all of California will experience a violent crime, only 0.19% (1.88 out of 1,000) of Torrance residents will experience a violent crime.
The South Bay alone is a great reason to move to Torrance. Not only do residents get the benefits of mild coastal temperatures and onshore breezes, but they also have access to beaches, parks, and cultural attractions.
The only real problem with living in Torrance, like the rest of Los Angeles, is the city’s heavy traffic.
If you have any questions regarding Torrance or the surrrounding real estate market please contact our team today!