In the initial stages of marketing the homes, the Aldon Company used the name Lakewood Plaza for the area, but technically the homes were located on unincorporated Los Angeles land. In 1952, when there was just enough home owners living in the area there was a vote and the residents chose to be annexed by Long Beach, and that is why today we know the area as simply The Plaza.
Just like Lloyd Whaley’s Los Altos Village Shopping Center, the Aldon Company built the 8 1/2 acre Lakewood Plaza Shopping Center for the enjoyment of those living in the community.
• The 3 bedroom/2 bathroom models in The Plaza have two car garages, while the home with one bathroom where marketed as having “one and one-half-car garages”.
• In 1952, homes started at $12,000 and with $825 down, the monthly principle and interest was $59.