326 West Palm Street

Compton, CA 90220

$1,850,000
Price
—
Beds
4,918 Sq. Ft.
$376 / Sq. Ft.
4,918
Sq. Ft.
$376
per Sq. Ft.

Description

Bring your clients with equity and get leverage on these 8 units. A 1031 Exchange property with Top Performing occupancy. Seller may carry back. New electrical, plumbing, new sewer all the way to the main line. This building features eight (8) total rehabbed individual 1 bedroom 1 bath units each is approximately 550 sq. ft. All units have been renovated remodeled in 2019. Upgrades include: kitchens, living room bedroom and bathroom. Kitchens upgrades include granite counter tops, dark wood cabinetry,...Bring your clients with equity and get leverage on these 8 units. A 1031 Exchange property with Top Performing occupancy. Seller may carry back. New electrical, plumbing, new sewer all the way to the main line. This building features eight (8) total rehabbed individual 1 bedroom 1 bath units each is approximately 550 sq. ft. All units have been renovated remodeled in 2019. Upgrades include: kitchens, living room bedroom and bathroom. Kitchens upgrades include granite counter tops, dark wood cabinetry, new stainless steel appliances (refrigerators, stove/oven combos, range/exhaust, etc.) and chef style sins). Living area renovations include tile flooring, wall thermostat controlled heaters, recessed lighting, ceiling fans and dual pane/energy efficient exterior building windows. Bedrooms have been upgraded with new floors, drywall paneling, new closet doors and lightings. Bathrooms have new fixtures, flooring and plumbing. Front and back rear door access/walkways. Large parking area (approx. 8 parking spaces), onsite 24 hour laundry room for additional income. An added benefit feature is that this building holds strong Subsidized income.
  1. Listed by Maria Cervantes • DRE #01267890 • Brokerage DRE #00338699 • Berkshire Hathaway HomeService
  2. Listed by Isaac Rosales • DRE #01389408 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 326 West Palm Street

Parking Spaces Total
8
Private Pool
No
Total Units
8.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
0
Assessor Parcel Number
6160-002-006
Property Attached YN
false
LISTING UPDATED: 06/25/2020 01:22 PM

Property Details for 326 West Palm Street

StatusActive
MLS #RS20104549
Days on Market1643
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.18 AC / 7,779 SF
CountyLos Angeles County

Building Information for 326 West Palm Street

Stories2Residences-Year Built1926Building Size-Lot Size0.18 AC / 7,779 SF

Property Information for 326 West Palm Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $1,260
  • Gross Scheduled Income: $162,720
  • Gross Spendable Income: $105,065
  • Vacancy Allowance: 4882
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $157,838
  • Net Operating Income: $106,175
  • Laundry Income: $1,260
  • Gross Multiplier: 11.36
  • Cap Rate: 5.73
Expense Details
  • Operating Expense: $52,923
  • Operating Expense Percent: 33.00%
  • New Taxes Expense: $30,710
  • Electric Expense: $1,080
  • Insurance Expense: $2,600
  • Maintenance Expense: $1,800
  • Professional Management Expense: $2,400
  • Trash Expense: $4,500
  • Water Sewer Expense: $4,920
  • Total Expenses: $52,923
Tax / Assessment Info
  • Tax Annual Amount: $29,600
  • Tax Block: 5
  • Tax Tract Number: 5425
  • Tax Census Tract: 5425.02
  • Tax Lot: 3
Community / Development
Community / Development
  • Community Features: Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area, Community, Individual Room, Outside
Exterior Features
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Yard
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Meter on Property
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Building Status: Existing
Unit Information
Unit 1
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $20,340
  • Unit Type Pro Forma: 20340
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $20,340
  • Unit Type Pro Forma: 20340
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $20,340
  • Unit Type Pro Forma: 20340
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $20,340
  • Unit Type Pro Forma: 20340
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $20,340
  • Unit Type Pro Forma: 20340
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $20,340
  • Unit Type Pro Forma: 20340
  • Unit Type Type: 6
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $20,340
  • Unit Type Pro Forma: 20340
  • Unit Type Type: 7
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $20,340
  • Unit Type Pro Forma: 20340
  • Unit Type Type: 8
Unit Information
  • Number Of Units Leased: 8
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number With Range: 8
  • Number With Refrigerator: 8

Property History for 326 West Palm Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 326 West Palm Street

Taxable ValueLand$686,000Additions$900,000Total$1,586,000
Tax Record2024$27,835 ($2,320 / month)
Home Facts
Total Finished SqFt4,918 SqFtAbove Grade Finished SqFt4,918 SqFtLot Size7,779 SqFtStyleMulti-Family Res (5+ Units)Year Built1926ZoningCOPRH*CountyLOS ANGELESAPN6160-002-006

Schools near 326 West Palm Street

This home is within Compton Unified School District.
Rating
School
Type
Grades
Distance
Longfellow Elementary School
Public - K to 8
Davis Middle School
Public - 6 to 8
Compton High School
Public - 9 to 12
Compton Early College High
Public - 9 to 12
Rating
School
Distance
Longfellow Elementary School
PublicK to 8

Davis Middle School
Public6 to 8

Compton High School
Public9 to 12

Compton Early College High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 326 West Palm Street, Compton, CA 90220

326 West Palm Street is a multi-family home for sale in Compton, CA 90220. This property was listed for sale on June 17, 2020 by Berkshire Hathaway HomeService, it's currently listed at $1,850,000. It has been on the market for a total of 1643 days and was last sold on August 31, 2023. This listing's school district is Compton Unified School District. Nearby schools include Longfellow Elementary School, Davis Middle School and Compton High School. 326 West Palm Street is a 0-bed, 0-bath, 4,918 sqft multi-family home built in 1926.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HomeService, Maria Cervantes, DRE #01267890; Lyon Stahl Investment Real Estate, Inc., Isaac Rosales, DRE #01389408

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.