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342 W Palm Street Compton, CA 90220
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Key Details
Sold Price $1,720,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,340 sqft
Price per Sqft $322
MLS Listing ID CRPW25153987
Sold Date 09/23/25
HOA Y/N No
Year Built 1955
Lot Size 9,992 Sqft
Acres 0.23
Property Sub-Type Other
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
Zoning COPR
Interior
Fireplace No
Laundry Other
Building
Lot Description Other
New Construction No
Others
Tax ID 6160002026
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Bought with MichaelArp
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