326 W Palm St Compton, CA 90220

$1,180,000 Sold Price as of 09/24/2018

8 Beds
8 Baths
4,918 Sq.Ft.

Off Market

$1,180,000 Sold Price as of 09/24/2018 Refinance Your Mortgage

Map preview of 326 W Palm St, Compton, CA 90220

Property Overview: 326 W Palm St Compton, CA has 8 bedrooms, 8 bathrooms, 4,918 living square feet and 7,779 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

326 W Palm St is currently an off market home in the city of Compton. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Compton has a median list price of $625,000. The median price per/sqft for Compton is $507. With those numbers in mind, if you are looking to purchase a median priced home in Compton, CA and put 20% down you will need to save up $125,000 for the down payment and will need roughly $12,500 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Compton the commission could be as much as $30,750. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 326 W Palm St

Last sold for $1,180,000 on September 24th, 2018

September, 2023
Sep 1, 2023

Date

Expired

CRMLS: RS23139686

$1,875,000

Price
Aug 30, 2023

Date

Active

CRMLS: RS23139686

$1,875,000

Price
Listing provided courtesy of CRMLS

*Desirable 1031 Exchange Asset* *Passive Investment, High Monthly Cash Flows* This 8 unit building comprises of 8 - 1 bd/1bath units with hands free ownership while collecting market rents and zero turnover. This asset was recently renovated in 2019 from top to bottom: new roof, new plumbing, new electrical, new windows, newly installed A/C units, and new stainless steel appliances in every unit. Property is in a desirable neighborhood across the street from Compton Courthouse. This is a rare opportunity to be able to have both great income and low expenses, like-new quality of building and to not be worried about loss of income or delinquent rents. Reach out for more information!

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July, 2023
Jul 1, 2023

Date

Expired

CRMLS: RS23074879

$1,950,000

Price
May 2, 2023

Date

Active

CRMLS: RS23074879

$2,090,000

Price
Listing provided courtesy of CRMLS

*High Monthly Cash Flows* Desirable Cash Flow Investment opportunity offering NNN Master Lease at a 8.74% Cap! (institutional financing available). This 8 unit comprises of 8 - 1 bd/1bath units with hands free ownership while collecting a NET monthly income of $14,000. Bonus factor is building was recently renovated in 2019 from top to bottom: new roof, new plumbing, new electrical, new windows, newly installed A/C units, and new stainless steel appliances in every unit. Property is in a desirable neighborhood across the street from Compton Courthouse.

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December, 2022
Dec 1, 2022

Date

Expired

CRMLS: RS22127204

$2,040,000

Price
Jun 13, 2022

Date

Active

CRMLS: RS22127204

$2,040,000

Price
Listing provided courtesy of CRMLS

Proud to present this fully stabilized, low maintenance 8 unit asset. A Perfect 1031 exchange property, this building offers an an open and spacious layout with brand new stainless steel appliances, and onsite laundry community laundry facility. Property has recently undergone massive capital expenditure renovation, that requires low monthly maintenance, yielding the highest return.

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September, 2021
Sep 2, 2021

Date

Expired

CRMLS: SB21051285

$1,699,999

Price
Jul 16, 2021

Date

Withdrawn

CRMLS: SB21051285

$1,699,999

Price
Jun 28, 2021

Date

Price Change

CRMLS: SB21051285

$1,699,999

Price
Apr 21, 2021

Date

Active

CRMLS: SB21051285

$2,199,999

Price
Apr 21, 2021

Date

Price Change

CRMLS: SB21051285

$2,199,999

Price
Apr 17, 2021

Date

Withdrawn

CRMLS: SB21051285

$1,749,999

Price
Mar 11, 2021

Date

Active

CRMLS: SB21051285

$1,749,999

Price
Listing provided courtesy of CRMLS

OPPORTUNITY ZONE PROPERTY! 6.96% Cap Rate! Tenants have the opportunity to enjoy the 8 spacious one bedroom units, each with their own A/C units, stainless steel appliances and a community laundry room. Property was fully renovated giving buyers the advantage of acquiring an investment of a low maintenance building. Tenants have the security of having private parking in rear area of property. This submarket offers high density of renters resulting in a low vacancy rate due to high demand of housing. Property is located in up and coming part of Downtown Compton near the Courthouse.

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September, 2021
Sep 2, 2021

Date

Expired

CRMLS: SB21051268

$1,749,999

Price
Apr 17, 2021

Date

Withdrawn

CRMLS: SB21051268

$1,749,999

Price
Mar 11, 2021

Date

Active

CRMLS: SB21051268

$1,749,999

Price
Listing provided courtesy of CRMLS

Proud to present this fully stabilized, cash flowing, low maintenance 8 unit complex - A perfect 1031 Exchange property. This building offers 8 spacious one bedroom units, each with their own stainless steel appliances and a community laundry room. There is an onsite property manager to address any tenant issues making property management effortless for new owners. Property was fully renovated giving buyers the advantage of acquiring an investment of a low maintenance building. Tenants have the security of having private parking in rear area of property. This submarket offers high density of renters resulting in a low vacancy rate due to high demand of housing. Property is located in up and coming part of Downtown Compton near the Courthouse.

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November, 2020
Nov 2, 2020

Date

Expired

CRMLS: RS20104549

$1,850,000

Price
Sep 23, 2020

Date

Withdrawn

CRMLS: RS20104549

$1,850,000

Price
Jun 19, 2020

Date

Active

CRMLS: RS20104549

$1,850,000

Price
Listing provided courtesy of CRMLS

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.

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September, 2020
Sep 18, 2020

Date

Expired

CRMLS: RS20117128

$1,849,999

Price
Jul 18, 2020

Date

Price Change

CRMLS: RS20117128

$1,849,999

Price
Jun 19, 2020

Date

Active

CRMLS: RS20117128

$1,850,000

Price
Listing provided courtesy of CRMLS

*** 24 MONTH RENT WARRANTY INCLUDED *** Costing the developer years to find the right combination of supportive housing agency partnerships, onsite manager, and over $300k in strategic renovations resulting in a lucrative, efficient, and truly passive income complex . This property is 100% occupied, individually leased (not master) and secured by contract with well-established government funded agencies. A twenty four month income warranty is included, with management assistance and consulting, vacancy cost coverage of up to $25,000, and tenant placement at existing rental rate in the event of a vacancy. All Improvements/upgrades completed were through the city's building department with approved plans and finalized permits. The following is a brief description of some of the work completed : a new 40 year roof, all new windows, new electrical in each unit, new copper plumbing, and abs drainage with clean-outs, new kitchen including new stove and refrigerator appliances, completely new bathroom, new plumbing and electrical fixtures, all new flooring plus much more. All contracts and leases can be provided prior to opening escrow with proof of funds and offer. Reason seller is selling is to purchase a larger complex. ** (Please see attached Offering memorandum and Rent Warranty Addendum) ** contact Isaac Rosales for further details or any questions, thank you.

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June, 2020
Jun 2, 2020

Date

Canceled

CRMLS: PW20051976

$1,975,000

Price
Mar 14, 2020

Date

Active

CRMLS: PW20051976

$1,975,000

Price
Listing provided courtesy of CRMLS

A perfect 1031 Exchange property with 100% Top Performing occupancy units. Seller will carry with a minimum of 35% down at 3% interest only for six months to Balloon is 6 months which gives opportunity to refinance.*** Brand new electrical, plumbing, sewer, and much much, more. This two story apartment building feature eight (8) individual 1 bedroom 1 bath units with each measuring approximately 550 square feet in size. All units extensively remodeled/renovated in 2019 with significant upgrades to kitchen area, living area, bedroom area and bathrooms. Kitchen upgrades include the latest in "Lux" style kitchen features (i.e. thick granite counter tops, dark wood cabinetry, new stainless steel appliances (refrigerators, stove/oven combos, range/exhaust, etc.), and chef style deep sinks). Living area renovations include tile flooring, wall thermostat controlled heaters, recessed lighting, celling fans and dual pane/energy efficient exterior building windows. Bedroom upgrades include new floors, drywall paneling, closet doors and lighting. Restrooms have new fixtures, flooring, plumbing, etc. Building features both front and rear door access/walkways, a large rear parking area (approximately +/- 8 parking spaces), onsite 24 hour laundry room (additional supplemental monthly income for owners), and considerable long term cost saving/holding cost/required capital investment/ongoing maintenance cost.

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May, 2020
May 14, 2020

Date

Expired

CRMLS: PW20074168

$2,100,000

Price
Apr 16, 2020

Date

Active

CRMLS: PW20074168

$2,100,000

Price
Listing provided courtesy of CRMLS

326 West Palm Street is a pleasant property made up of eight units in Compton, CA. The offering consists of two contiguous lots with three units each. Each was built in 1926, and fully renovated in 2019 with eight -1 bedroom/1-bathroom units totaling 4,918 SF. The city's location offers tenants quick and easy access to the 105, 710, and 110 freeways, and is within a 15-mile radius to the area’s major employment hubs in Los Angeles County. Gas and electrical utilities are separately metered and paid by residents. Laundry and on-site parking are provided for tenants.

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January, 2020
Jan 16, 2020

Date

Expired

CRMLS: RS19229511

$2,099,000

Price
Jan 3, 2020

Date

Withdrawn

CRMLS: RS19229511

$2,099,000

Price
Dec 31, 2019

Date

Price Change

CRMLS: RS19229511

$2,099,000

Price
Dec 17, 2019

Date

Price Change

CRMLS: RS19229511

$1,969,000

Price
Dec 17, 2019

Date

Price Change

CRMLS: RS19229511

$196,900

Price
Dec 17, 2019

Date

Price Change

CRMLS: RS19229511

$1,949,000

Price
Dec 6, 2019

Date

Price Change

CRMLS: RS19229511

$1,950,000

Price
Oct 24, 2019

Date

Price Change

CRMLS: RS19229511

$1,995,000

Price
Oct 3, 2019

Date

Active

CRMLS: RS19229511

$2,149,000

Price
Listing provided courtesy of CRMLS

****A perfect 1031 Exchange property with 100% Top Performing Occupied Units. Seller will carry with a minimum of 35% down at 3% interest only for six months to Balloon in six months which gives opportunity to refinance ****** Brand new electrical, plumbing, sewer, and much much more. This two story apartment building features eight (8) individual 1 bedroom/1 bathroom units, with each measuring approximately +/- 614 SF in size. All units extensively remodeled/renovated in 2019 with significant upgrades to kitchen area, living area, bedroom area, and bathroom areas. Kitchen upgrades include the latest in "lux" style kitchen features (i.e. thick granite counter tops, dark wood cabinetry, new stainless steel appliances (refrigerators, stove/oven combos, range hood/exhaust, etc.), and chef style deep sinks). Living area renovations include tile floors, wall thermostat controlled heaters, recessed lighting, ceiling fans, and dual pane/energy efficient exterior building windows. Bedroom upgrades include new floors, drywall paneling, closet doors, and lighting. Restrooms have new fixtures, flooring, plumbing, etc. Building features both front and rear door access/walkways, a large rear parking area (apprx. +/- 8 parking spaces), onsite 24 hour laundry room (additional supplemental monthly income for owners), and considerable long term cost savings/holding costs/required capital investments/ongoing maintenance costs.

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December, 2019
Dec 1, 2019

Date

Expired

CRMLS: DW19126987

$2,199,999

Price
Jul 10, 2019

Date

Withdrawn

CRMLS: DW19126987

$2,199,999

Price
May 31, 2019

Date

Active

CRMLS: DW19126987

$2,199,999

Price
Listing provided courtesy of CRMLS

5.3 Cap & 7.7 Cash on Cash !!!!BULK SALE WITH GREAT INCOME PERFORMING COMPLEX - 8 unit multi-family complex to be sold as part of a portfolio with Listing (DW19121452 10 UNIT APT.) with over 40 percent of the entire building brand new this is as close to new construction as you can get. Consisting of a very open and spacious layout, each unit has with brand new electrical, plumbing, all windows, walls, floors etc, ect. Each unit will have brand new custom kitchen cabinets with matching nutmeg granite counter, with new garbage disposal, faucet, bathroom vanity's, fixtures, doors. knobs, half mirrored closet doors, recessed lighting, lighted nickel platted fan and more. each unit also comes with there own recently purchased, stainless steel refrigerator, stove with oven and overhead microwave range. Safety and security is a top priority by providing a secure keyed entry, and remote gated access for all community vehicles to and from assigned carport space for each apartment. The complex also provides a community laundry area with brand new owner owned coin-operated washer and dryer machines that come with a 3 years service warranty. Balerno Castle also is offering it's limited warranty on roof, plumbing, electrical, and mechanical, with options for extensions please ask agent for additional information from listing agent. Don't miss out this opportunity to own in one of the few non rent control city's in Los Angeles county. "DON'T FORGET TO REVIEW THE PURCHASE ANALYSIS"

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September, 2018
Sep 25, 2018

Date

Sold

CRMLS: PW18191064

$1,150,000

Price
Aug 7, 2018

Date

Active

CRMLS: PW18191064

$1,100,000

Price
Listing provided courtesy of CRMLS

*Ideal Location Next to Major Transportation, Police Station, Courthouse & Library, *New Exterior Paint & Landscaping, *Gated Entry, *Well-Maintained Property, *Considerable Upside in Rents, *Not Subject to Rent control

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September, 2018
Sep 24, 2018

Date

Sold (Public Records)

Public Records

$1,180,000

Price
April, 2012
Apr 3, 2012

Date

Sold (Public Records)

Public Records

$515,000

Price

Tax History for 326 W Palm St

Assessed Value (2020): $1,203,600

Year	Land Value	Improved Value	Assessed Value
2020	$357,000	$846,600	$1,203,600

About 326 W Palm St

Detailed summary of property

326 W Palm St is categorized with a use code of Apartment House (5+ Units) in Compton, CA 90220 and last sold on September 24, 2018 for $1,180,000. This property has 8 bedrooms, 8 bathrooms, roughly 4,918 living square feet, and sits on an approximately 7,779 square foot lot. Homes in Compton are selling for a median price of $615,000 and a median price per square foot of $496. Based on Ardent Real Estate Group's Compton Market Data, this home is sold 91.87% higher than the current median priced home. 326 W Palm St was last sold on September 24, 2018 for $1,180,000. Local nearby listings include 2420 E 115th Pl, 2117 N Keene Ave and 2445 E 115th Pl. The average home in Compton, CA is selling in 53 days. There are currently 147 homes for sale in the Compton real estate market and 133 of them are single family homes while 2 of them are condos and 12 are townhomes. If you are the homeowner and looking to sell the home at 326 W Palm St Compton, CA 90220 contact Ardent Real Estate Group and we will put you in touch with one of our Compton agents.

Public Facts for 326 W Palm St

Public county record property details

Beds: 8
Baths: 8
Year built: 1926
Sq. Ft.: 4,918
Lot Size: 7,779
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 3
APN: 6160-002-006

The source for these homes facts are from public records.

90220 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$600,000

Median List Price/Sq.Ft.

$516

Median Sold Price

$575,000

Median Sold Price/Sq.Ft.

$424

Total Inventory

Median Sale to List Price %

95.85%

Avg Days on Market

Loan Type

Conventional (12.5%), FHA (43.75%), VA (0%), Cash (12.5%), Other (12.5%)

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Thinking of Selling?
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(714) 706-1823

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You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

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