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For sale
  • Listing Provided by: 

    Doug Rodermund DRE #01314304 dsr@morganskenderian.com,

    Morgan Skenderian

    $1,750,000

    342-346 W Palm St, Compton, CA 90220

    12beds
    8baths
    5,340sqft
    : 
    Multi Family
    Built in 1955
    -- sqft lot
    $1,734,600 Zestimate®
    $328/sqft
    $-- HOA

    What's special

    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.
    32 days
    on Zillow
    |
    172
    |
    3
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 24, 2025 at 01:07pm

    Listing Provided by:

    Doug Rodermund DRE #01314304 dsr@morganskenderian.com,

    Morgan Skenderian

    Source: CRMLS,MLS#: PW25153987MLS LogoOriginating MLS: California Regional MLS
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    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 Square Feet
    • 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 & HOA

    Community
    • Features: Curbs, Gutter(s), Sidewalks
    Location
    • Region: Compton

    Financial & listing details

    • Price per square foot: $328/sqft
    • Date on market: 7/9/2025
    • Listing terms: 1031 Exchange
    • Total actual rent: 15842
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