342 346 W Palm Street, Compton 90220

$1,720,000

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3

Beds

2

Baths

9,992

Lot Size

8

# Of Units

About 342 346 W Palm Street

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.

Features of 342 346 W Palm Street

MLS® # PW25153987
Price $1,750,000
Sold Price $1,720,000
Bedrooms 3
Bathrooms 2.00
Lot Sqft 9,992
Acres 0.23
Year Built 1955
Type Residential Income
Sub-Type Apartment
Status Closed
# Of Units 8

Community Information

Address 342 346 W Palm Street
Area 699 - Not Defined
City Compton
County Los Angeles
Zip Code 90220

Amenities

Parking Spaces 8
# of Garages 4
Is Waterfront No
Has Pool No
Pool None

Interior

Has Basement No
Fireplace No
# of Stories 2

Exterior

Lot Description Rectangular Lot

Additional Information

Date Listed July 9th, 2025
Date Sold September 23rd, 2025
Days on Market 35
Zoning COPRH*
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentDoug Rodermund
OfficeMorgan Skenderian

Listing Map

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