6841 Somerset Blvd, Paramount, CA 90723

Property Description

The subject property located at 6841 Somerset Boulevard in the city of Paramount, California. There are three buildings on the site with a nice courtyard entrance that serves as access to the units. Each residence is either a single-story one-bedroom/one-bathroom unit, or a single-story bachelor unit. There are four parking spots on the property and one garage used as the storage unit. The garage can be rented out for additional income. Paramount is a very strong rental market and the property is perfectly located on a great rental street three blocks from the 710 Freeway. Located in The city of Paramount . In 2017, Paramount, CA had a population of 55k people with a median age of 30.8 and a median household income of $49,064. Between 2016 and 2017 the population of Paramount, CA grew from 54,941 to 55,020, a 0.144% increase and its median household income grew from $46,364 to $49,064, a 5.82% increase. Paramount is home to the Iceland Skating Rink opened by Frank Zamboni, the inventor of the Zamboni Ice Resurfacing machine. The company is still headquartered in Paramount at 15714 Colorado Avenue approximately 1.5 miles from the subject property. The property is also located half a mile from the Frank J. Zamboni middle school. The subject property is an excellent opportunity for an investor to purchase the property in a great rental market.