Palm Terrace Apartments

For Sale

342-346 West Palm Street, Compton, CA 90220

This Compton property for sale is located at 342-346 West Palm Street. The general use of Palm Terrace Apartments is multi-family and it incorporates 5,340 square feet of class B multi-family space. The current listed sale price for Palm Terrace Apartments is $1,750,000. Palm Terrace Apartments is situated on a lot that is 0.23 acre in size.

Contacts

broker
Doug Rodermund

Morgan Skenderian Investment Real Estate Group

Property Details

  • Property Type Multi-Family
  • Property Size 5,340 SF
  • Units 8
  • Lot Size 0.23 Acre
  • Building Class B
  • Year Built 1955
  • Date Updated Jul 9, 2025
Discover the vibrant area surrounding Palm Terrace Apartments, located in the heart of Compton, CA. This in-demand location offers convenient access to essential amenities, popular restaurants, and local attractions. Embrace the rich cultural tapestry of the community and enjoy nearby recreational spaces like the beautiful Gonzales Park and the bustling Compton Creek Natural Park. With its central position, residents can easily explore the eclectic mix of dining, shopping, and entertainment options nearby. The proximity to schools, medical facilities, and public transportation makes Palm Terrace Apartments an attractive investment opportunity for the discerning Multifamily/Low-Rise/Garden investor seeking a prime location with strong community appeal.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.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • 6.8% Cap Rate on Current Rents
  • Easy Upside in Rental Income for a New Owner
  • Enclosed Detached Garages
  • Excellent Rental Area Near City Hall & New Housing Development
  • Renovated Inside & Out – Pride of Ownership
  • Side-by-Side Fourplexes Eligible for Individual Residential Loans
  • Washing-Machine Hookups Inside Units

Getting around

  • 83/100

    Walk Score ®

  • 58/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Compton, CA
  • Zip Code 90220
  • Market Los Angeles

Points of Interest

  • Long Beach Boulevard

    2.32 miles

  • Willowbrook/Rosa Parks

    2.38 miles

  • Avalon

    3.09 miles

  • Del Amo

    3.41 miles

  • 103rd Street/Watts Towers

    3.41 miles

  • Vermont/Athens

    4.33 miles

  • Wardlow

    5.51 miles

  • Crenshaw

    6.01 miles

  • Hawthorne/Lennox

    7.58 miles

  • Pacific Coast Highway

    7.63 miles

  • Alameda Fuel

    0.65 miles

  • Shell - Gas Station

    0.91 miles

  • 76

    1.30 miles

  • Arco

    1.31 miles

  • Mobil

    1.35 miles

  • Chevron

    1.96 miles

  • Valero

    2.02 miles

  • US Gasoline

    2.12 miles

  • USA Gasoline

    2.16 miles

  • Blink

    4.11 miles

  • Metro Park and Ride

    1.32 miles

  • Visitor Parking

    1.77 miles

  • Long Beach Blvd Park And Ride

    2.29 miles

  • Century Sheriff's Station

    2.30 miles

  • Willowbrook Park And Ride

    2.35 miles

  • Avalon Park And Ride

    3.02 miles

  • Rosecrans Park And Ride

    3.32 miles

  • Crystal Casino & Hotel

    1.44 miles

  • Mission Motel

    2.03 miles

  • Travelodge Lynwood

    2.42 miles

  • Hampton Inn & Suites

    2.55 miles

  • World Motel

    2.71 miles

  • Extended Stay America

    2.84 miles

  • National Motel

    2.91 miles

  • Best Inn Motel

    3.32 miles

  • Long Beach Motel

    3.66 miles

  • Monterey Motel

    3.78 miles

  • Superior

    0.33 miles

  • Smart & Final Extra!

    0.42 miles

  • Duron's Market

    0.84 miles

  • ALDI

    1.14 miles

  • Target

    1.15 miles

  • Gateway Towne Center

    1.26 miles

  • Ross

    1.30 miles

  • Marshalls

    1.38 miles

  • Food 4 Less

    1.45 miles

  • Walmart Supercenter

    1.58 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Doug Rodermund

Morgan Skenderian Investment Real Estate Group

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.