7042 Somerset Boulevard

Paramount, CA 90723

$1,770,000

List Price

9

bed Beds

6

shower Baths

4,497 sqft

straighten / sqft

1934

calendar_month Built

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.

Listing Information

List Price $1,770,000
Status Active
MLS 24468381
Type Residential Income
Year Built 1934
Lot Size 11,329
Structure Size 4,497
DOM 1
Courtesy Of Marcus & Millichap
Listing Agent Roderick 'Rick' Raymundo DRE#01357019
Co-Listing Agent Oscar Diaz DRE#02022902

Interior Features

Total Bedroom
Bedrooms 9
Total Bathroom
Bathrooms 6

Exterior Information

Maps

Listing information courtesy of: Roderick 'Rick' Raymundo, Oscar Diaz, Marcus & Millichap 213-943-1855. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 4th, 2024 at 2:28 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.