342 346 W Palm ST new Save Request In-Person Tour Request Virtual Tour
Compton,CA 90220
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25153987
HOA Y/N No
Year Built 1955
Lot Size 9,992 Sqft
Property Sub-Type Apartment
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
Zoning COPRH*
Interior
Fireplace No
Laundry Washer Hookup,Gas Dryer Hookup
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs,Gutter(s),Sidewalks
Total Parking Spaces 8
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6160002026
Energy Description 2318.0
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard