$1,450,000
RENTED APR 7, 2025

422 W Palm St Unit 424 1/2 Compton, CA 90220

2 Beds
1 Bath
675 Sq Ft
$2,148 Price per Sq Ft

Highlights

  • Updated Kitchen
  • Traditional Architecture
  • No HOA
  • Open Floorplan
  • Granite Countertops
  • Neighborhood Views

About This Home

As of April 2025

Available for lease! A spacious, 2Bd/1Bth upper level end unit with a full kitchen and a recently refurbished interior. The floorplan is spacious with a living room with stylish wood laminate flooring, kitchen with updated cabinetry, granite counters and outfitted with stainless steel appliances. Both bedrooms inc wood laminate and built-in wardrobes, 1 full bath that has also been tastefully remodeled. The interior has been painted and w/new rustic wood laminate. All situated in a prime location in a well maintained complex, conveniently located close to schools, shopping and w/easy commuter access. No pets.

Last Agent to Rent the Property

John Newe

Gateway California Realty Brokerage Phone: 909-518-4394 License #01017025 Listed on: 01/16/2025

Last Renter's Agent

John Newe

Gateway California Realty Brokerage Phone: 909-518-4394 License #01017025 Listed on: 01/16/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,270

Year Built

  • Built in 1945

Lot Details

  • 675 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence
  • Block Wall Fence
  • Level Lot

Home Design

  • Traditional Architecture
  • Apartment
  • Entry on the 2nd floor
  • Turnkey
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 675 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Blinds
  • Combination Dining and Living Room
  • Neighborhood Views

Kitchen

  • Updated Kitchen
  • Gas Range
  • Free-Standing Range
  • Range Hood
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Available
  • Assigned Parking

Outdoor Features

  • Patio
  • Exterior Lighting

Location

  • Suburban Location

Utilities

  • Wall Furnace
  • Standard Electricity
  • Water Heater

Community Details

  • No Home Owners Association
  • 12 Units

Listing and Financial Details

  • Security Deposit $2,250
  • Rent includes gardener, sewer, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 1/16/25
  • Tax Lot 33
  • Tax Tract Number 5425
  • Assessor Parcel Number 6161023007
  • Seller Considering Concessions

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,270

Year Built

Built in 1945

Lot Details

0

Rental Info

  • Cashiers Check: 1ST Month Rent, Security Deposit
  • Available Date: 2025-01-16
  • Credit Check: Yes
  • Credit Check Paid By: Tenant
  • Deposit Security: 2250
  • Furnished: Unfurnished
  • Total Move In Costs: 4500.00
  • Transfer Fee Paid By: Owner

Listing Details

  • Structure Type: Multi Family
  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: COPRH*
  • Architectural Style: Traditional
  • Property Condition: Turnkey
  • Property Sub Type: Apartment
  • Property Type: Residential Lease
  • Parcel Number: 6161023007
  • Year Built: 1945
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 675.00 Square Feet
  • Interior Amenities: Built-in Features, Granite Counters, Open Floorplan
  • Stories: 2
  • Entry Location: Upper Level-2
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Full Bathrooms: 1
  • Full And Three Quarter Bathrooms: 1
  • Total Bedrooms: 2
  • Eating Area: In Living Room
  • Entry Level: 2
  • Levels: One
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 3.04
  • Room Type: Kitchen, Living Room
  • Window Features: Blinds
  • Bathroom Features: Bathtub, Shower In Tub
  • Room Kitchen Features: Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Slab
  • Exterior Features: Lighting
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Frame, Stucco

Garage/Parking

  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 1.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: No
  • Appliances: Free-Standing Range, Gas Range, Range Hood, Water Heater
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Suburban

Schools

  • School District: Compton Unified

Lot Info

  • Additional Parcels: No
  • Lot Features: Level with Street
  • Lot Size Sq Ft: 675.00
  • Lot Size Acres: 0.0155

Multi Family

  • Insurance Water Furniture: No
  • Lease Term: 12 Months
  • Lot Size Area: 675.0000 Square Feet
  • Number Of Units In Community: 12
  • Number Of Units Total: 12
  • Rent Includes: Gardener, Sewer, Trash Collection, Water

Tax Info

  • Tax Census Tract: 5425.02
  • Tax Lot: 33
  • Tax Tract Number: 5425

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2018
Sold by
Heredia Rafael T and Moses T Heredia Trust
Bought by
Heredia Rafael T and Rafael T Heredia Trust
Current Estimated Value
$1,450,000

Purchase Details

Closed on
Nov 21, 2016
Sold by
Heredia Ralph T and Heredia Moses T
Bought by
Heredia Ralph T and Moses T Heredia Trust

Purchase Details

Closed on
Sep 13, 2013
Sold by
Tarango Rafael Heredia and Heredia Ralph T
Bought by
Tarango Rafael Heredia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
4.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 20, 2009
Sold by
Woods Ida
Bought by
Heredia Ralph T and Heredia Moses T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$419,672
Interest Rate
5.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 19, 2006
Sold by
Woods Ida and Wood Ida
Bought by
Woods Ida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 6, 2000
Sold by
Boswell Lynda J and Woods Lynda J
Bought by
Woods Ida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$156,300
Interest Rate
7.83%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Heredia Rafael T -- Ticor Title Company
Heredia Ralph T -- None Available
Tarango Rafael Heredia -- First American Title Company
Heredia Ralph T $897,100 None Available
Woods Ida -- Fidelity National Title Co
Woods Ida -- Orange Coast Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Tarango Rafael Heredia $770,000
Closed Heredia Ralph T $419,672
Previous Owner Woods Ida $90,000
Previous Owner Woods Ida $156,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/07/2025 04/07/25 Rented $2,050 0.0% --
04/02/2025 04/02/25 Under Contract -- -- --
03/19/2025 03/19/25 Price Changed $2,050 -8.9% $3 / Sq Ft
01/16/2025 01/16/25 For Rent $2,250 +1.3% --
12/04/2023 12/04/23 Rented $2,222 0.0% --
09/12/2023 09/12/23 For Rent $2,222 +15.7% --
06/05/2023 06/05/23 Rented $1,921 0.0% --
05/22/2023 05/22/23 Under Contract -- -- --
05/05/2023 05/05/23 For Rent $1,921 0.0% --
05/04/2023 05/04/23 Off Market $1,921 -- --
04/24/2023 04/24/23 For Rent $1,921 -1.8% --
10/22/2021 10/22/21 Rented $1,956 0.0% --
10/18/2021 10/18/21 Under Contract -- -- --
08/16/2021 08/16/21 For Rent $1,956 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

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 $28,270 $1,609,689 $482,904 $1,126,785
2024 $28,270 $1,578,128 $473,436 $1,104,692
2023 $27,947 $1,547,185 $464,153 $1,083,032
2022 $26,346 $1,516,849 $455,052 $1,061,797
2021 $26,590 $1,487,108 $446,130 $1,040,978
2019 $25,808 $1,443,002 $432,899 $1,010,103
2018 $25,115 $1,414,709 $424,411 $990,298
2016 $21,251 $1,200,000 $356,900 $843,100
2015 $19,656 $1,140,000 $339,100 $800,900
2014 $19,676 $1,140,000 $339,100 $800,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: TR25011663

California Regional Multiple Listing Service (CRMLS)

APN: 6161-023-007