Sold for $1,720,000

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

$1,705,400 Zestimate^®

$322/sqft

$2,769 Estimated rent

Home value

$1,705,400

$1.55M - $1.88M

$2,769/mo

Zestimate^® history

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Owner options

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$2,769/mo

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$2,769/mo

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$10,831/mo

Est. payment

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$10,831/mo

Est. payment

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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.

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

Price history

Date	Event	Price
9/23/2025	Sold	$1,720,000-1.7%$322/sqft
Source: CRMLS #PW25153987 Report a problem
8/13/2025	Contingent	$1,750,000$328/sqft
Source: CRMLS #PW25153987 Report a problem
7/9/2025	Listed for sale	$1,750,000$328/sqft
Source: CRMLS #PW25153987 Report a problem