342 346 W Palm Street, Compton, CA 90220

About this property

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.

Listing description from the September 2025 sale, as reported to CRMLS.

Sale history

$1,720,000

Sold September 2025 · listed $1,750,000, on market July 2025 · MLS #PW25153987 · Source: CRMLS

Listing Agent: Doug Rodermund · Listing Office: Morgan Skenderian · Contact: dsr@morganskenderian.com · Bought with: Michael Arp · Morgan Skenderian

Explore Compton