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7032 Somerset, Paramount, CA 90723

Paramount
Local realty services provided by:CENTURY 21 Masters
7032 Somerset,Paramount, CA 90723
$1,000,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: aaron juarez
Office: coldwell banker icon
MLS#:CV26160176
Source:MLSListings

Price summary

  • Price:$1,000,000

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 which is...

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Home facts

  • Year built:1939
  • Listing ID #:CV26160176
  • Added:90 day(s) ago
  • Updated:October 20, 2026 at 04:16 PM

Structure and exterior

  • Year built:1939
  • Lot area:0.21 Acres

Utilities

  • Water:District - Public

Finances and disclosures

  • Price:$1,000,000

Features and amenities

  • Laundry features:In Laundry Room
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