5
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Listed by Doug Rodermund • Morgan Skenderian
$1,750,000
Est. payment /mo
9,992 Sqft Lot
Contingent
342 346 W Palm ST Compton, CA 90220
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Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRPW25153987
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 , Accepting Backups
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