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Listed by Aaron Juarez • Coldwell Banker Icon
$1,000,000
Est. payment /mo
2,400 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $416
MLS Listing ID CV-26160176
Year Built 1939
Lot Size 8,936 Sqft
Property Sub-Type Quadruplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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.
Location
State CA
County Los Angeles
Area Rk - Paramount South Of Somerset
Interior
Laundry Individual Room
Exterior
Pool None
Community Features Suburban
Building
Lot Description Front Yard, 0-1 Unit/Acre, Back Yard
Sewer Public Sewer
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900