Palm Terrace Apartments

342-346 West Palm Street, Compton, CA 90220

  • For Sale $1,750,000
  • Property Type Multi-Family
  • Property Size 5,340 SF
  • Units 8
  • Lot Size 0.23 Acre
  • Building Class B
  • Year Built 1955
  • Date Updated Jul 9, 2025
Discover the vibrant area surrounding Palm Terrace Apartments, located in the heart of Compton, CA. This in-demand location offers convenient access to essential amenities, popular restaurants, and local attractions. Embrace the rich cultural tapestry of the community and enjoy nearby recreational spaces like the beautiful Gonzales Park and the bustling Compton Creek Natural Park. With its central position, residents can easily explore the eclectic mix of dining, shopping, and entertainment options nearby. The proximity to schools, medical facilities, and public transportation makes Palm Terrace Apartments an attractive investment opportunity for the discerning Multifamily/Low-Rise/Garden investor seeking a prime location with strong community appeal.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.
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Highlights

  • 6.8% Cap Rate on Current Rents
  • Easy Upside in Rental Income for a New Owner
  • Enclosed Detached Garages
  • Excellent Rental Area Near City Hall & New Housing Development
  • Renovated Inside & Out – Pride of Ownership
  • Side-by-Side Fourplexes Eligible for Individual Residential Loans
  • Washing-Machine Hookups Inside Units

Contacts

broker
Doug Rodermund

Morgan Skenderian Investment Real Estate Group

Location

Getting Around

  • Walk Score ®

    83/100 Very Walkable

  • Bike Score ®

    58/100 Bikeable
Powered by Walk Score ®
  • City Compton, CA
  • Zip Code 90220
  • Market Los Angeles

Points of Interest

  • Long Beach Boulevard

    2.32 miles

  • Willowbrook/Rosa Parks

    2.38 miles

  • Avalon

    3.09 miles

  • Del Amo

    3.41 miles

  • 103rd Street/Watts Towers

    3.41 miles

  • Vermont/Athens

    4.33 miles

  • Wardlow

    5.51 miles

  • Crenshaw

    6.01 miles

  • Hawthorne/Lennox

    7.58 miles

  • Pacific Coast Highway

    7.63 miles

  • Alameda Fuel

    0.65 miles

  • Shell - Gas Station

    0.91 miles

  • 76

    1.30 miles

  • Arco

    1.31 miles

  • Mobil

    1.35 miles

  • Chevron

    1.96 miles

  • Valero

    2.02 miles

  • US Gasoline

    2.12 miles

  • USA Gasoline

    2.16 miles

  • Blink

    4.11 miles

  • Metro Park and Ride

    1.32 miles

  • Visitor Parking

    1.77 miles

  • Long Beach Blvd Park And Ride

    2.29 miles

  • Century Sheriff's Station

    2.30 miles

  • Willowbrook Park And Ride

    2.35 miles

  • Avalon Park And Ride

    3.02 miles

  • Rosecrans Park And Ride

    3.32 miles

  • Crystal Casino & Hotel

    1.44 miles

  • Mission Motel

    2.03 miles

  • Travelodge Lynwood

    2.42 miles

  • Hampton Inn & Suites

    2.55 miles

  • World Motel

    2.71 miles

  • Extended Stay America

    2.84 miles

  • National Motel

    2.91 miles

  • Best Inn Motel

    3.32 miles

  • Long Beach Motel

    3.66 miles

  • Monterey Motel

    3.78 miles

  • Alma's Cookies & Company Restaurant

    0.08 miles

  • Popeyes

    0.11 miles

  • McDonald's

    0.21 miles

  • El Pollo Loco

    0.28 miles

  • Papa John's

    0.39 miles

  • Jade Palace Buffet Restaurant

    0.39 miles

  • IHOP

    0.44 miles

  • Burger King

    0.44 miles

  • Taco Bell

    0.45 miles

  • Jack in the Box

    0.92 miles

  • Compton High School

    0.26 miles

  • Victory Park School

    0.43 miles

  • Dickison Elementary School

    0.56 miles

  • Davis Middle School

    0.63 miles

  • Rosecrans School

    0.67 miles

  • Our Lady of Victory School

    0.71 miles

  • Robert F Kennedy Elementary School

    0.81 miles

  • Laurel Street Elementary School

    0.98 miles

  • Mayo Elementary School

    0.99 miles

  • Washington Elementary School

    1.00 miles

  • The Learning Box Childcare & Enrichment Center Inc

    2.04 miles

  • Artesia Head Start

    2.33 miles

  • Locke Early Education Center

    3.60 miles

  • Rancho Los Amigos Daycare

    4.49 miles

  • Oak Wood Academy

    5.13 miles

  • Bakewell Primary Center

    5.71 miles

  • Montessori Academy of Downey

    5.96 miles

  • Little Stars

    6.26 miles

  • Codela Pre-School

    6.42 miles

  • South Bay Universal Development Center

    6.55 miles

Frequently Asked Questions

How much does Palm Terrace Apartments cost?

The space currently listed for sale at Palm Terrace Apartments asks for $1,750,000.

What is the total square footage of Palm Terrace Apartments?

Palm Terrace Apartments totals 5,340 square feet.

When was this property built?

Palm Terrace Apartments was built in 1955.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Doug Rodermund

Morgan Skenderian Investment Real Estate Group

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