7032 Somerset
Paramount, CA 90723
8
Bed
5
Bath
8,936Sqft(Lot)
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 4t
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1939Building Area Total: 2400Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 8936 Lot Size Acres: 0.2051 Lot Size Source: Assessor Lot Size Square Feet: 8,936 Lot Description: ZeroToOneUnitAcre,BackYard,FrontYard
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Listing Price Information
Listing Price: $1000000Cash, Conventional, FHA, VaLoan
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Tax Information
Parcel Number: 6240002014 Tax Lot: 2 Tax Block: 10
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Location Information
Direction: Somerset and Orange WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 13108 Brock Avenue, Paramount, CA, 90723 | $759,000 | 1 | 1 | 953 | 953 SqFt |
| 8014 1st, Paramount, CA, 90723 | $849,900 | 4 | 2 | -- | |
| 16623 Lake Avenue, Paramount, CA, 90723 | $1,345,000 | 7 | 5 | -- | |
| 7249 Marcelle, Paramount, CA, 90723 | $949,999 | 4 | 2 | 1,770 | 1,770 SqFt |
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ByOwner last updated this listing 07/26/2026 @ 21:58
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