346-346 W Palm St - Apartments FOR SALE


Compton, CA 90220- West Compton
$1,750,000 USD
949-295-8560
346-346 W Palm St, Compton, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/5
null | 6.85% Cap Rate

346-346 W Palm St
Compton, CA 90220
West Compton


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$328 USD /SF

# OF UNITS

8

PRICE/UNIT

$218,750

CAP RATE

6.85%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palm Terrace Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

-

APN/PARCEL ID

6160-002-025,6160-002-026

ASK ABOUT THIS PROPERTY

Doug RodermundMorgan-Skenderian Investment Real Estate GroupMore Info
949-295-8560

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Doug RodermundMorgan-Skenderian Investment Real Estate GroupMore Info
949-295-8560

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.