USACAParamount7032 Somerset Blvd
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$1,000,000

For Sale

13 days ago

7032 Somerset Blvd, Paramount, CA

House

MLS® CV26160176

0 Bed

0 Bath

--

0

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage 
Taxes 
Days Active 13
Lot Size 0.2051 Acres
Approx. Age 1939
MLS® Number CV26160176

Property Address: 7032 Somerset Blvd, Paramount, CA, 90723-3986

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® NumberCV26160176
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1939
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 22, 2026List Date
$1,000,000List Price
-End Date
Not Sold YetSold Price

For Sale

Jan 30, 2026List Date
$1,100,000List Price
  • Commute

Commute

Starting Address
Destination Address
7032 Somerset Blvd, Paramount, CA

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