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342 Palm Street, Compton, CA 90220
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342 Palm Street
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  • MLS#: PW25153987 ( Apartment )
  • Street Address: 342 Palm Street
  • Viewed: 7
  • Price: $1,750,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1955
  • Bldg sqft: 0
  • Days On Market: 13
  • Additional Information
  • County: LOS ANGELES
  • City: Compton
  • Zipcode: 90220
  • Provided by: Morgan Skenderian
  • Contact: Doug Doug
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Additional Parcels Description
  1. 6160002025
Building Area Total
  1. 5340.00
Commoninterest
  1. Community Apartment
Common Walls
  1. 2+ Common Walls
Country
  1. US
Electric Expense
  1. 2318.00
Fuel Expense
  1. 2318.00
Garage Spaces
  1. 4.00
Gardner Expense
  1. 1200.00
Insurance Expense
  1. 3477.00
Laundry Features
  1. Gas Dryer Hookup
  2. Washer Hookup
Lot Features
  1. Rectangular Lot
Netoperatingincome
  1. 119821.00
Newtaxesexpense
  1. 30481.00
Otherexpense
  1. 1000.00
Otherexpensedescription
  1. misc
Parcel Number
  1. 6160002026
Pest Control Expense
  1. 948.00
Pool Features
  1. None
Postalcodeplus4
  1. 6672
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 442644503:CRM
Totalexpenses
  1. 50381.00
Trash Expense
  1. 2318.00
Uncovered Spaces
  1. 4.00
Vacancyallowance
  1. 8958
Water Sewer Expense
  1. 2318.00
Water Source
  1. Public
Year Built
  1. 1955
Year Built Source
  1. Assessor
Zoning
  1. COPRH*