7042 Somerset Boulevard
Paramount, CA 90723
- – beds
- – baths
- – sqft
- 11,329 sqft lot
- 1934 build
- – on site
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.
Last checked:
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Last updated Dec 12, 2024
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MLS# 24468381 —
The Building
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Year Built:1934
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New Construction:No
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Building Area Total:4497.00
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Total Number Of Units:6
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# of Buildings:4
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Stories Total:2
Interior
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Levels:Two
Location
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Directions:We are pleased to announce the opportunity to purchase 7042 Somerset Boulevard, a six-unit multifamily property located in Paramount, CA.
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Latitude:33.89594200
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Longitude:-118.17591500
The Property
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Property Type:Residential Income
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Zoning:PARM*
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Lot Size Area:11329.0000
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Lot Size Acres:0.2601
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Lot Size SqFt:11329.00
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Lot Size Source:Estimated
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:6240002003
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Assigned
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Parking Spaces:8.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/2/24
Dec 2, 2024
|
Listed / Active | CRMLS_CA | $1,770,000 |
