Pending

7032 Somerset

Paramount, CA 90723

$1,200,000 $5,059/Mo

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Overview

Bed

Bath

2,400

Sqft

8,936

Sqft(Lot)

Description

Exceptional value-add opportunity in the heart of Paramount. This well-maintained 4-unit multifamily property 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 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.

Property Details

Property Type : Residential Income

Price : $1,200,000

AD Id : 74775101

MLS Id : CV26022273

Lot Size : 8,936 Sqft

Living Area Size : 2,400

Year Built : 1939

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Fireplace: None
Cooling Features

None Air Conditioning

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1939 Building Area Total: 2,400
Pool Features

None

Laundry Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2051
Lot Size Source: Assessor Lot Size Square Feet: 8936

Listing Price Information

Original List Price: 1,200,000 Listing Contract Date: 2026-01-30
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 6240002014

Other Property Info

Source Listing Status: Pending Source Neighborhood: RK - Paramount South of Somerset Directions: Somerset and Orange Source Property Type: Residential Income Area: RK - Paramount South of Somerset Property SubType: Quadruplex
Building and Construction

Property Age: 87 Common Walls: No Common Walls Structure Type: Quadruplex Year Built Source: Assessor Entry Level: 1 Entry Location: 1

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At $500.00 per sq.ft.,this listing is priced below average compared to other multifamily from Paramount.

The average multifamily price in Paramount is $498412.86 with avg. price / sq.ft of $2844.68.

The average multifamily price in Los Angeles County is $540257.14 with avg. price / sq.ft of $3659.00.

How much is this property worth?

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
13108 Brock Avenue, Paramount, CA, 90723	$759,000	1	1	953	953 SqFt
8203 2nd, Paramount, CA, 90723	$900,000	6	3	1,616	1,616 SqFt
7229 Jackson Street, Paramount, CA, 90723	$790,000	3	2	1,354	1,354 SqFt
6824 Marcelle Street, Paramount, CA, 90723	$898,900	6	3	1,745	1,745 SqFt

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ByOwner last updated this listing 04/06/2026 @ 23:39

MLS: CV26022273 LISTED BY: Aaron Juarez, Coldwell Banker Icon 909-206-0001 SOURCE: CRMLS