Seller's Agent in 2025
Doug Rodermund
Morgan Skenderian
(949) 295-8560
8 in this area
36 Total Sales
342 346 W Palm St Compton, CA 90220
3
Beds
2
Baths
5,340
Sq Ft
9,993
Sq Ft Lot
About This Home
As of September 2025The 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.
Last Agent to Sell the Property
Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304 Listed on: 07/09/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1955
Lot Details
- 9,992 Sq Ft Lot
- Two or More Common Walls
- Rectangular Lot
- 6160002025
Parking
- 4 Open Parking Spaces
- 4 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 5,340 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Laundry
- Laundry Room
- Washer and Gas Dryer Hookup
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Legal Lot and Block 1 / 5
- Tax Tract Number 1
- Assessor Parcel Number 6160002026
- $2,099 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 8 Units
Building Details
- Rent Control
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $2,318
- Fuel Expense $2,318
- Gardener Expense $1,200
- Insurance Expense $3,477
- Maintenance Expense $4,000
- Other Expense $1,000
- Pest Control $948
- Trash Expense $2,318
- Water Sewer Expense $2,318
- New Taxes Expense $30,481
- Operating Expense $50,381
- Gross Income $180,598
- Net Operating Income $130,217
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/23/2025 09/23/25 | Sold | $1,720,000 | -1.7% | $322 / Sq Ft |
| 07/09/2025 07/09/25 | For Sale | $1,750,000 | -- | $328 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Agents Affiliated with this Home
-
Doug Rodermund
-
Michael Arp
Buyer's Agent in 2025
Michael Arp
Morgan Skenderian
(714) 262-8992
4 in this area
41 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25153987
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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