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$ 1,200,000
Est. payment /mo
New
7032 Somerset Paramount, CA 90723
8,934 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26022273
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 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.
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.
Location
State CA
County Los Angeles
Area Rk - Paramount South Of Somerset
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Pool None
Community Features Street Lights, Suburban, Sidewalks
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
Acceptable Financing Conventional, FHA, VA Loan
Listing Terms Conventional, FHA, VA Loan
Special Listing Condition Standard, Trust
Listed by Aaron Juarez Cal American Homes 909-917-8388