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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,200,000

Est. payment - /mo

8,934 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID CV26022273

HOA Y/N No

Year Built 1939

Lot Size 8,934 Sqft

Property Sub-Type Quadruplex

Property Description

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.

Location

State CA

County Los Angeles

Area Rk - Paramount South Of Somerset

Interior

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Pool None

Community Features Street Lights, Suburban, Sidewalks

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Back Yard, Front Yard

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 6240002014

Acceptable Financing Conventional, FHA, VA Loan

Listing Terms Conventional, FHA, VA Loan

Special Listing Condition Standard, Trust

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Listed by Aaron Juarez Coldwell Banker Icon 909-917-8388, DRE #01295422

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7032 Somerset Paramount, CA 90723