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.
Features
: Other
: Other
Address Map
CA
Los Angeles
Compton
90220
342 W Palm Street
0
E0° 0' 0''
N0° 0' 0''
South of Compton Blvd and West
MLS Addon
Morgan Skenderian
Doug Rodermund
dsr@morganskenderian.com
CR281680
CR52762
Commercial Sale For Sale
342 W Palm Street, Compton, California 90220
5,340 Sqft
$1,750,000
Listing ID #CRPW25153987
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : CRPW25153987
Price : $1,750,000
Square Footage : 5,340 Sqft
Year Built : 1955
Lot Area : 9,992 Sqft
Status : Active
Property SubType : Other