7042 Somerset Boulevard, Paramount, CA 90723
-
Listed Price :
$1,770,000
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Beds :
9
-
Baths :
6
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Property Size :
4,497 sqft
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Year Built :
1934
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.
Interior Features
| Bedroom Information |
| Bedrooms |
9 |
| Bathroom Information |
| Bathrooms |
6 |
Listing Information
| Address |
7042 Somerset Boulevard |
| City |
Paramount |
| State |
CA |
| Zip |
90723 |
| County |
Los Angeles |
| Listing Agent |
Roderick 'Rick' Raymundo DRE #01357019 |
| Co-Listing Agent |
Oscar Diaz DRE #02022902 |
| Courtesy Of |
Marcus & Millichap |
| List Price |
$1,770,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
4,497 |
| Lot Size |
11,329 |
| Year Built |
1934 |
Listing information courtesy of: Roderick 'Rick' Raymundo, Oscar Diaz, Marcus & Millichap. *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.
