7032 Somerset, Paramount, CA — listing photo 1
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FOR SALE

7032 Somerset

Paramount, CA 90723
8,936 Lot Sq Ft
Built 1939
$1,000,000

Property Overview

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.

Home Details

Property type
Residential Income - Quadruplex
Year built
1939
Lot size
8,936 sq ft
Stories
1
Days on market
68
Cumulative days on market
207
MLS status
Active

Features & Amenities

Pool

  • None

Lot

  • Zero To One Unit Acre
  • Back Yard
  • Front Yard

Community, Schools & Utilities

Utilities

Water
Public
Sewer
PublicSewer
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Location & Neighborhood

7032 Somerset

Paramount, CA 90723

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Frequently Asked Questions About 7032 Somerset

Property type: Residential Income

The current asking price is $1,000,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 7032 Somerset. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1939. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Paramount, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Paramount property.
The MLS currently reports the property as Active. It has been listed for 68 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Aaron Juarez
MLS ID: C20696

Available property

$1,000,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.