The spacious 11,330 square foot lot features four separate buildings, including a two-bedroom house, a triplex, and two bungalows. Overall, the majority of the units contain two bedrooms while the parcel features ample on-site parking. The property is not subject to Los Angeles rent control, allowing the owner to institute higher annual rent increase via AB 1482. The current owner has completed several interior and exterior upgrades at the property, including new exterior paint, new flooring, and new modern cabinets. The one-bedroom bungalow was constructed in 2022 and features new modern fixtures throughout. A RUBS program has been instituted at the property, helping to provide an additional revenue stream for the owner. Situated near the intersection of Somerset Boulevard and Orange Avenue, the location provides high visibility to prospective tenants and also allows for convenient access to the 91, 105, and 710 Freeways. Tenants can easily commute to some of the large industrial centers in Paramount and neighboring cities, which employ many residents in the area.
Property Details
Price:
$1,655,000
MLS #:
24468381
Status:
Active
Baths:
0
Address:
7042 Somerset Boulevard
Type:
Residential Income
Neighborhood:
rkparamountsouthofsomerset
City:
Paramount
Listed Date:
Dec 2, 2024
State:
CA
ZIP:
90723
Lot Size:
11,329 sqft / 0.26 acres (approx)
Year Built:
1934
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Schools
Interior
Exterior
Parking Features
Assigned
Parking Spots
8.00
Stories Total
2
Financial
Map
Community
- Address7042 Somerset Boulevard Paramount CA
- AreaRK – Paramount South of Somerset
- CityParamount
- CountyLos Angeles
- Zip Code90723
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7042 Somerset Boulevard
Paramount, CA
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