$1,750,000
0.23 Acre Lot

342 346 W Palm Street, Compton, California 90220

  • Residential Income Property Type
  • 1955 Year Built
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.

Basic Details
Residential Income
For Sale
PW25153987
$1,750,000
1955
0.23 Acre
Active
1
Apartment
Features
: None
: Washer Hookup, Gas Dryer Hookup
: Public Sewer
$0
Address Map
CA
Los Angeles
Compton
90220
Palm
342 346
Street
South of Compton Blvd and West of Oleander Ave
699 - Not Defined
W
COPRH*
Additional Information
$0
$0
$0
$0
$0
5340
: Sidewalks, Curbs, Gutter(s)
1
4.0
: Rectangular Lot
8
2025-07-09
2
: Public
Broker/Agent Information
Morgan Skenderian
Doug Rodermund
Listing Information
PRODEDOU
PB8846
1031 Exchange
Active
2025-07-09T21:49:03Z
CRMLS
: Standard
2025-07-09T13:33:21Z
Agent info
Ray Millman
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Contact Agent
Contact Us
ray@millmanteam.com 310.375.1069