7032 Somerset, Paramount, CA 90723
7032 Somerset, Paramount, CA 90723
7032 Somerset, Paramount, CA 90723
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Tera Rench

Tera Rench

+1(262) 370-7299
$1,000,000
Est. payment /mo
8,934 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26160176

HOA Y/N No

Year Built 1939

Lot Size 8,934 Sqft

Property Sub-Type Quadruplex

Property Description

Exceptional value-add opportunity in the heart of Paramount. This well-maintained 3-unit multifamily property with a bonus garage conversion
offers strong in-place income with significant upside rent potential. The building has been consistently cared for over the years and features stable,
paying tenants, providing immediate cash flow while allowing an investor to strategically increase returns over time. Rents are currently below market, creating a clear path for income growth through gradual rent adjustments and operational optimization. The property shows pride of
ownership with minimal deferred maintenance, making it ideal for investors seeking a low-risk asset with upside rather than a heavy rehab
project. Front unit 3 bed 1 bath 2nd unit 2 bed 1 bath 3rd unit 2 bed 2 bath 4th unit 1 bed 1 bath garage conversion (not sure if permitted, buyer to
do due diligence) garage is converted and done in workmanlike manner and has been rented for years. Current rent is $1500 which is not included
in the rents on unit info page With solid fundamentals, long-term tenancy, and future appreciation potential, 7032 Somerset is a compelling
opportunity for investors looking to enhance yield in a strong rental market.

Location

State CA

County Los Angeles

Area Rk - Paramount South Of Somerset

Interior

Fireplace No

Laundry Laundry Room

Exterior

Pool None

Community Features Suburban

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Back Yard, Front Yard

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6240002014

Energy Description 400.0

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard, Trust

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Listed by Aaron Juarez Coldwell Banker Icon 909-917-8388, DRE #01295422

NEARBY SCHOOL & BUSINESS

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