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.
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.
Property Details
Price:
$1,000,000
MLS #:
CV26160176
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
rkparamountsouthofsomerset
Listed Date:
Jul 23, 2026
Total Sq Ft:
2,400
Lot Size:
8,936 sqft / 0.21 acres (approx)
Year Built:
1939
See this Listing
Schools
Interior
Laundry Features
IR
Exterior
Common Walls
NCW
Community Features
SUB
Financial
Map
Community
- Address7032 Somerset Paramount CA
- CityParamount
- CountyLos Angeles
- Zip Code90723
Market Summary
Current real estate data for Single Family in Paramount as of Jul 27, 2026
39
Single Family Listed
83
Avg DOM
343
Avg $ / SqFt
$654,292
Avg List Price
Property Summary
- 7032 Somerset Paramount CA is a Single Family for sale in Paramount, CA, 90723. It is listed for $1,000,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1939. The average price per square foot for Single Family listings in Paramount is $343. The average listing price for Single Family in Paramount is $654,292.
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