$875,000
UNDER CONTRACT

346 W Palm St Compton, CA 90220

Estimated payment $5,212/month

Total Views 2,686
6 Beds
4 Baths
2,670 Sq Ft
$328 Price per Sq Ft

About This Home

Side-by-Side Fourplexes Eligible for Individual Residential Loans, Renovated Inside & Out – Pride of Ownership, Enclosed Detached Garages, Washing-Machine Hookups Inside Units, Easy Upside in Rental Income for a New Owner, and Excellent Rental Area Near City Hall & New Housing Development.

Listing Agent

Doug Rodermund

Morgan Skenderian Brokerage Email: dsr@morganskenderian.com License #01314304 Listed on: 07/31/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,605

Year Built

  • Built in 1955

Lot Details

  • 4,996 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Entry on the 1st floor

Interior Spaces

  • 2,670 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 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 6160002025
  • $1,050 per year additional tax assessments

Community Details

Overview

  • 4 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,159
  • Fuel Expense $1,159
  • Gardener Expense $600
  • Insurance Expense $2,670
  • Maintenance Expense $2,000
  • Other Expense $500
  • Pest Control $600
  • Trash Expense $1,159
  • Water Sewer Expense $1,159
  • New Taxes Expense $15,241
  • Operating Expense $26,249
  • Gross Income $80,025
  • Net Operating Income $53,776

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,605

Year Built

Built in 1955

Lot Details

0

Parking

4

Listing Details

  • CapRate: 6.10
  • Price Per Unit: 218750
  • Property Attached: Yes
  • Water Sewer Expenses: 1159.00
  • Zoning: COPRH*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6160002025
  • Year Built: 1955
  • Special Features: UnderContract

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 327.72

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Pest Control Expense: 600.00
  • Sewer: Public Sewer
  • Trash Expense: 1159.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 4996.00
  • Lot Size Acres: 0.1147

Multi Family

  • Electric Expense: 1159.00
  • Fuel Expense: 1159.00
  • Gross Multiplier: 10.61
  • Gross Operating Income: 80025.00
  • Gross Scheduled Income: 82500.00
  • Insurance Expense: 2670.00
  • Lot Size Area: 4996.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 53776.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 26249.00
  • Other Expense: 500.00
  • Other Expense Description: misc
  • Rent Control: Yes
  • Total Actual Rent: 6875.00
  • Total Expenses: 26249.00
  • Vacancy Allowance: 2475

Tax Info

  • New Taxes Expense: 15241.00
  • Tax Block: 5
  • Tax Census Tract: 5425.02
  • Tax Lot: 1
  • Tax Tract Number: 1
  • TaxOtherAnnualAssessmentAmount: 1050.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,605 $349,361 $122,581 $226,780
2024 $6,605 $342,512 $120,178 $222,334
2023 $6,531 $335,797 $117,822 $217,975
2022 $6,179 $329,213 $115,512 $213,701
2021 $6,222 $322,759 $113,248 $209,511
2019 $6,046 $313,188 $109,890 $203,298
2018 $5,843 $307,048 $107,736 $199,312
2016 $5,544 $295,126 $103,553 $191,573
2015 $5,305 $290,694 $101,998 $188,696
2014 $4,646 $247,617 $99,046 $148,571
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 For Sale $875,000 +207.0% $328 / Sq Ft
01/16/2014 01/16/14 Sold $285,000 +14.0% $107 / Sq Ft
12/17/2013 12/17/13 Pending -- -- --
12/02/2013 12/02/13 For Sale $250,000 -- $94 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- Ticor Title Co
Interfamily Deed Transfer -- Ticor Title
Grant Deed -- Ticor Title
Grant Deed $570,000 Fnt Ie
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $208,000 New Conventional
Previous Owner $427,500 Purchase Money Mortgage
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25172783

California Regional Multiple Listing Service (CRMLS)

APN: 6160-002-025