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$ 1,655,000
Est. payment /mo
Price Dropped by $40K
7042 Somerset BLVD Paramount, CA 90723
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,497 sqft
Price per Sqft $368
MLS Listing ID 24468381
Bedrooms 9
HOA Y/N No
Year Built 1934
Lot Size 0.260 Acres
Property Description
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.
Location
State CA
County Los Angeles
Area Rk - Paramount South Of Somerset
Zoning PARM*
Interior
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 8
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6240002003
Special Listing Condition Standard
Listed by Roderick 'Rick' Raymundo • Marcus & Millichap
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