$1,200,000
7032 Somerset
Paramount, CA, 90723
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.
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.
Property Details
Price:
$1,200,000
MLS #:
CV26022273
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Quadruplex
Neighborhood:
rkparamountsouthofsomerset
Listed Date:
Apr 7, 2026
Total Sq Ft:
2,400
Lot Size:
8,936 sqft / 0.21 acres (approx)
Year Built:
1939
Schools
Interior
Cooling
NO
Laundry Features
NO
Exterior
Common Walls
NCW
Community Features
SDW, SL, SUB
Financial
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
More About JamesMortgage Calculator
Map
Current real estate data for Single Family in Paramount as of Apr 08, 2026
48
Single Family Listed
88
Avg DOM
290
Avg $ / SqFt
$484,691
Avg List Price
Community
- Address7032 Somerset Paramount CA
- CityParamount
- CountyLos Angeles
- Zip Code90723
Similar Listings Nearby
Property Summary
- 7032 Somerset Paramount CA is a Single Family for sale in Paramount, CA, 90723. It is listed for $1,200,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1939. The average price per square foot for Single Family listings in Paramount is $290. The average listing price for Single Family in Paramount is $484,691. To schedule a showing of MLS#cv26022273 at 7032 Somerset in Paramount, CA, contact your James Outland agent at 8057482262.
Courtesy of Coldwell Banker Icon. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than James Outland include the name of the listing broker. Neither the listing company nor James Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 7032 Somerset
Paramount, CA