Bought with Michael Arp
For more information regarding the value of a property, please contact us for a free consultation.
342 346 W Palm ST Compton, CA 90220
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,720,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRPW25153987
Sold Date 09/23/25
Year Built 1955
Lot Size 9,992 Sqft
Source California Regional MLS
Property Description
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.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry Gas Hookup, 30
Exterior
Garage Spaces 8.0
Pool None
Building
Water District - Public
Others
Tax ID 6160002026
Special Listing Condition Not Applicable
Read Less
© 2025 MLSListings Inc. All rights reserved.
GET MORE INFORMATION
