$1,720,000
$1,750,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
9,992 Sqft Lot
SOLD DATE : 09/23/2025
Key Details
Sold Price $1,720,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW25153987
Sold Date 09/23/25
Bedrooms 3
Lot Size 9,992 Sqft
Property Sub-Type Res Income 2-4 Units
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 citys large renter profile.
Location
State CA
County Los Angeles
Zoning Assessor
Direction South of Compton Blvd and West of Oleander Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 6160002026
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Bought with Michael Arp Morgan Skenderian
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "