The Difference Between Condominiums and Townhomes

A buyer of a condominium owns his or her individual unit, plus a percentage of the surrounding property, including land and any amenities on the property. (The word “condominium” is Latin, meaning “common ownership” or “common control.”) Residents are members of a homeowners’ association and pay a monthly fee to the association in exchange for maintenance of the common property. Each condominium complex has a master deed which outlines the percentage of ownership each unit in the development has invested in the entire complex. That percentage determines residents’ monthly dues to the association. Condominiums come in a wide variety of architectural styles, from two- and three-story buildings arranged apartment-complex style with carports to luxurious high-rise properties with sweeping views of the surrounding city or natural landscape.

A buyer of a townhome purchases his or her individual unit, as well as the ground underneath that unit. Each townhome has its own roof, in contrast to condominiums. Townhome residents also typically belong to a homeowners’ association and pay monthly fees in exchange for the general maintenance of common outdoor areas. Townhomes occasionally come with such single-family home amenities as garages and backyards (albeit small backyards), for which owners generally are responsible for maintaining.

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24055 Paseo Del Lago Unit 957 Laguna Woods, CA 92637

$5,000
-- Bed
1 Bath
500 SqFt
Status Active
MLS # OC21228029
Property Type Condominium
Price Type --
Easy Living at it's best in The Towers. 55+ community in Laguna Woods Village. Amazing Value for this Studio home. Enjoy Resort Living that comes with owning a home at the Towers. This home located on the 9th floor with outstanding Western views of hills and gorgeous sunsets. This condo is just the right size. The kitchenette includes a two burner stove, and refrigerator, It is the perfect amount of space. There is a large walk-in closet and a sparkling bath. Included in your monthly assessment is a dinner meal plan, housekeeping, all utilities paid (except phone & internet) cable TV, planed activities and entertainment, an attended lobby/reception desk and more. This is truly resort living. Plus, you enjoy all the wonderful amenities that Laguna Woods Village 55+ Gated Resort Community has to offer. 2 Professional Golf Courses and a 9 hole Executive Course, imagine playing 18 holes for less than $10.00, 7 clubs houses, 5 Pools, 2 Fitness Centers, lawn bowling, a state of the art Theater, Equestrian Center, Art Studios, over 200 Social Clubs and Organizations, Free Bus transportation within the community as well as to local shopping centers, medical building, all this and only 5 miles to beautiful Laguna Beach.

1920 S Holt Avenue Los Angeles, CA 90034

$4,800
3 Beds
2 Baths
1,306 SqFt
Status Active
MLS # 21769280
Property Type Condominium
Price Type --
Live the good life in this spacious 3 bedroom, two bathroom front house with two parking spaces conveniently located in front of the property. Beautifully remodeled with wide-plank floors throughout. The kitchen offers quartz counter tops, LG appliances, plenty of cabinets and washer and dryer as well. Each bathroom custom designed with stylish tiles and modern fixtures. Enjoy central A/C and heating while relaxing inside or relax outside on the front porch or the a private rear patio. This lovely home is in walking distance to LA Fitness, Smart & Final, Target and more! Near Ballona Creek Bike Path and seven miles to LAX. Tenant pays gas, electricity, and Internet/TV.

8559 Alcott Street Unit 201 Los Angeles, CA 90035

$3,990
2 Beds
2.5 Baths
1,783 SqFt
Status Active
MLS # 21779710
Property Type Condominium
Price Type --
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2212 S Bentley Avenue Unit 8 Los Angeles, CA 90064

$2,800
2 Beds
2 Baths
1,200 SqFt
Status Active
MLS # 21747836
Property Type Condominium
Price Type --
Bright and spacious, rear unit in small 8 unit building. Central to the entire Westside. Walk to eateries and shops. Easy access to public transportation. Unit has been nicely remodeled. Laminate floors in living, dining and kitchen areas. Large closets and plenty of storage throughout the unit. Rear balcony faces green, bamboo growth, giving the unit a very private feeling. One car parking space in underground garage. Laundry room in garage.

7053 Rainbow Drive Unit 4 San Jose, CA 95129

$2,400
1 Bed
1 Bath
700 SqFt
Status Active
MLS # ML81866778
Property Type Condominium
Price Type --