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342 346 W Palm Street

Compton, CA 90220

– beds
– baths
– sqft
9,992 sqft lot
1955 build
– on site

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.

Listed By CRMLS_CA / Doug Rodermund / Morgan Skenderian / dsr@morganskenderian.com

Last checked: Checking… • Last updated Jul 9, 2025 •

MLS# PW25153987 —

The Building

Year Built:

1955
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

5340.00
Building Area Units:

Square Feet
Total Number Of Units:

8
# of Buildings:

2
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

8
# of Separate Water Meters:

2
# of Separate Electric Meters:

8

Interior

Entry Location:

1
Laundry:

Gas Dryer Hookup, Washer Hookup
Laundry:

1

Location

Directions:

South of Compton Blvd and West of Oleander Ave
Latitude:

33.89489900
Longitude:

-118.22827900

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

COPRH*
Lot Features:

Rectangular Lot
Lot Size Area:

9992.0000
Lot Size Acres:

0.2294
Lot Size SqFt:

9992.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

Yes
Additional Parcels Description:

6160002025
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

5
Tax Census Tract:

5425.02
Tax Tract:

1
Tax Lot:

1

The Listing

Special Listing Conditions:

Standard
Parcel Number:

6160002026

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Features:

Curbs, Gutters, Sidewalks
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

8.00
Garage Spaces:

4.00
Uncovered Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
7/9/25 Jul 9, 2025	Listed / Active	CRMLS_CA	$1,750,000

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This multifamily located in Southeast La, Compton, CA 90220 is currently for sale for $1,750,000. 342 346 W Palm Street is a – square foot multifamily with – beds and – baths that has been on Estately for 3 days. 342 346 W Palm Street is in the Southeast La neighborhood of Compton and has a WalkScore® of 83, making it very walkable. This multifamily is in the attendance area of Compton High School, Longfellow Elementary School, and Davis Middle School.

Listing Courtesy of: CRMLS_CA and Morgan Skenderian. Based on information from California Regional Multiple Listing Service, Inc. as of 22:41 on Jul 12.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.