432 W Palm St in Compton, is a spacious 4 plex that sits on an oversized 7,823 Sq ft. Lot. This value-add asset has plenty of upside in monthly rental income, once units are rented for market! Two 1-Bedroom/1-Bath units will be delivered tenant-ready, making this the perfect opportunity for an owner/user to live in one unit, and use the other's rent to pay off their mortgage! 432 W Palm Street is a 4-Unit asset located in the heart of Compton. This value-add asset is comprised of (4) 1-bedroom/1-bath units, currently operating at a 5.13% CAP. The building has 2,536 Sq.Ft of living space and the units feature hardwood floors, new interior paint, spacious layouts, and an open outdoor area. There is laundry on-site, as well as 4 garage parking spots. Still plenty of room to grow the monthly rental income, with a 7.27% Market CAP. The subject property is within walking distance of the Compton Library and Martin Luther King Jr Memorial Park. Just a few miles away from $6 Billion worth of development in Long Beach, including The Uptown Commons, and plenty of new housing projects. Metro's "A-Line," running from Downtown Long Beach to Downtown Los Angeles, also has a Compton station within a mile of 432 W Palm Street. This value-add property is an ideal pickup
MLS #
CRSB21076444
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
1.50
Laundry
Community Facility
Pool
None
Garage/Parking
Garage: 4 Car(s)
432 W Palm St is a Residential Income in Compton, CA 90220. This – square foot property sits on a 7,823 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $799,000 and was built in 1948.
This address can also be written as 432 W Palm St, Compton, CA 90220.©2024 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of August 12, 2022. For the most current information, please contact Cameron Samimi