The Palm Terrace Apartments offers an investor the opportunity to acquire two identical side-by-side fourplexes in the strong rental market of Compton. The property has been renovated over recent years and has an excellent unit mix of half 1 and half 2-bedroom units.
Compton is an excellent rental market for apartment owners with NO MUNICIPAL RENT CONTROL. Rental demand outpaces supply year after year resulting in historically-low vacancy rates. The property has a central location (30 minutes or less median travel time to work) and benefits from the city’s large renter profile.
Sold for $1,720,000 on 09/23/25
Listing Provided by:
Doug Rodermund DRE #01314304 dsr@morganskenderian.com,
Morgan Skenderian
Bought with: Morgan Skenderian
$1,720,000
342-346 W Palm St, Compton, CA 90220
12beds
8baths
5,340sqft
Multi Family
Built in 1955
-- sqft lot
$1,713,000 Zestimate®
$322/sqft
$-- Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: September 23, 2025 at 11:57am
Listing Provided by:
Doug Rodermund DRE #01314304 dsr@morganskenderian.com,
Morgan Skenderian
Bought with:
Michael Arp, DRE #01488586
Morgan Skenderian
Source: CRMLS,MLS#: PW25153987
Originating MLS: California Regional MLS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
Appliances
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 5,340
- Total interior livable area: 5,340 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage
- Garage spaces: 4
- Uncovered spaces: 4
Features
- Entry location: 1
- Pool features: None
Lot
- Size: 9,992 sqft
- Features: Rectangular Lot
Details
- Additional parcels included: 6160002025
- Parcel number: 6160002026
- Zoning: COPRH*
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Curbs, Gutter(s), Sidewalks
Location
- Region: Compton
HOA & financial
Other financial information
- Total actual rent: 15842
Other
Other facts
- Listing terms: 1031 Exchange
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Estimated market value
$1,713,000