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$1,720,000

  • Sold
  • Closed
  • Multi-Family
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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.

Full Property Details for 342 346 W Palm St

General

  • Sold For: $1,720,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PW25153987
  • Added to Site: 191 day(s) ago

Rooms

Other Rooms

  • Laundry: Gas Dryer Hookup, Washer Hookup

Additional Information

  • Pool Description: None

Parking

  • Garage Spaces: 4

Location

  • Area: 699 - Not Defined
  • County: Los Angeles
  • Development Name: 699 - Not Defined
  • Driving Directions: South of Compton Blvd and West of Oleander Ave

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 2
  • # Gas Meters: 8
  • # Electric Meters: 8

Structural Information

  • Entry Location: 1
  • Square Feet: 5,340
  • Year Built: 1955

Lot Features

  • Lot Size (Acres): 0.2294
  • Lot Size Source: Assessor
  • Zoning: COPRH*
  • Lot Description: Rectangular Lot

Financial Considerations

  • Price Per Sq. Ft.: $322.1
  • Price Per Unit: 218750

Listed by Morgan Skenderian, Doug Rodermund
Sold by Morgan Skenderian, Michael Arp

Listing agent

— 342 346 W Palm St —

  • Doug Rodermund

    Morgan Skenderian

dsr@morganskenderian.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 342 346 W Palm St

School District:Compton Unified School District
NameGradesDistance
Longfellow Elementary School, Compton, CA
1101 South Dwight Avenue, Compton, CA 90220
PK-51 mi
Davis Middle School
621 West Poplar Street, Compton, CA 90220
6-80.6 mi
Compton High School
1200 East Alondra Boulevard, Compton, CA 90221
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 342 346 W Palm St

Date
Details
Price
Change
Source
9/23/2025
Sold
$1,720,000
-1.71%
MLS
7/09/2025
Listed
$1,750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Morgan Skenderian, Doug Rodermund
Sold by Morgan Skenderian, Michael Arp

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342 346 W Palm Street, Compton, CA 90220 (MLS# PW25153987) is a Multi-Family property that was sold at $1,720,000 on September 23, 2025. Want to learn more about 342 346 W Palm Street? Do you have questions about finding other Multi-Family real estate for sale in Compton? You can browse all Compton real estate or contact a Coldwell Banker agent to request more information.