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7032 Somerset, Paramount, CA 90723
Priced at Only: $1,200,000
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Address: 7032 Somerset, Paramount, CA 90723
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  • MLS#: CV26022273 ( Quadruplex )
  • Street Address: 7032 Somerset
  • Viewed: 1
  • Price: $1,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1939
  • Bldg sqft: 0
  • Days On Market: 6
  • Additional Information
  • County: LOS ANGELES
  • City: Paramount
  • Zipcode: 90723
  • Provided by: Cal American Homes
  • Contact: Aaron Aaron
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Exceptional value add opportunity in the heart of Paramount. This well maintained 4 unit multifamily property 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 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.
Features
Building Area Total
  1. 2400.00
Commoninterest
  1. None
Common Walls
  1. No Common Walls
Cooling
  1. None
Country
  1. US
Electric Expense
  1. 2880.00
Fireplace Features
  1. None
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 2300.00
Laundry Features
  1. None
Lockboxtype
  1. None
Lot Features
  1. 0-1 Unit/Acre
  2. Back Yard
  3. Front Yard
Netoperatingincome
  1. 61360.00
Newtaxesexpense
  1. 15000.00
Parcel Number
  1. 6240002014
Pool Features
  1. None
Property Type
  1. Quadruplex
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 455691601:CRM
Taxblock
  1. 10
Totalexpenses
  1. 22640.00
Trash Expense
  1. 780.00
Water Sewer Expense
  1. 1680.00
Water Source
  1. Public
Year Built
  1. 1939
Year Built Source
  1. Assessor
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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