7032 Somerset, Paramount, CA 90723
List Price: $1.1M
Listing Status: Active
Original List Price: $1.2M
0Days on Market: 131
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1939
Lot Size: 8,936 sq ft
Private Pool: Yes
MLS Number: CV26022273
About This Property
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.
Listing provided by: Aaron Juarez DRE #01295422 909-206-0001 teamjuarezassist@gmail.com, Coldwell Banker Icon
Source: CRMLS, MLS #: CV26022273
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.