We are looking at home values going up and that should be good for you, provided interest rates stay where they are. It's a good time to sell right now if your property is priced well for the area. Most economists do expect West Los Angeles Real Estate to continue appreciating for at least the next year or so at about 3% per year.
The townhouse is in section east Lincoln and north 90 freeway. Last year that section saw an appreciation of about 20%. BUT this was after a depressed market from 2008-2012. The projection for appreciated for 2014 is 04% to 05%. I would not be bold enough to predict what values in that area will be in next 5 years. There are a lot of good points with the area pools, security gated, spacious units (some renovated/updated) and reasonable HOAs. Compared to townhouse being built today with less space and subterranean parking the trade off is age.
Gail Mercedes Cole
Let's say your current value is 100K with an estimated/projected market value increase of 5% a year, then the value will go up on an average as follows;
Year 1: $100,000 x 5% = $5,000
Year 2: $105,000 x 5% = $5,250
Year 3: $110,250 x 5% = $5,512
Total value increase over 3 yrs is $15,762, (the sum of each year's increase).