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7032 Somerset, Paramount, CA 90723

Paramount
Local realty services provided by:CENTURY 21 Allstars
7032 Somerset,Paramount, CA 90723
$1,000,000
  • - Beds
  • - Baths
  • 2,400 sq. ft.
  • Multi-family
  • Active
Listed by: aaron juarez
Office: coldwell banker icon909-206-0001
MLS#:CV26160176
Source:CRMLS

Price summary

  • Price:$1,000,000
  • Price per sq. ft.:$416.67

About this home

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...

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Home facts

  • Year built:1939
  • Listing ID #:CV26160176
  • Added:49 day(s) ago
  • Updated:September 10, 2026 at 11:21 AM

Rooms and interior

  • Living area:2,400 sq. ft.

Structure and exterior

  • Year built:1939
  • Building area:2,400 sq. ft.
  • Lot area:0.21 Acres
  • Lot Features:Back Yard, Front Yard

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,000,000
  • Price per sq. ft.:$416.67
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Allstars is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Allstars, a broker participant of California Regional MLS (Southern California). 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. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Joseph Villaescusa

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