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  • 7032 Somerset

7032 Somerset, Paramount, CA 90723

$1,000,000 Approx. USD 0 beds, 0 baths
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Photo of Steff Boardman

Steff Boardman REALTOR® - Sales Associate 818-425-0422 m
818-528-3200 o
Lic#: 01298709
NRDS ID: 207012459
steff4homes@aol.com Text Me
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Lic#: 01298709
NRDS ID: 207012459
steff4homes@aol.com Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
 Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Fax: 818-386-9007
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Listing Agent


Aaron Juarez | teamjuarezassist@gmail.com
Lic#: 01295422
Broker: Courtesy of Coldwell Banker Icon
Phone: 909-206-0001

Agent Remarks

Exceptional value-add opportunity in the heart of Paramount. This well-maintained 3-unit multifamily property with a bonus garage conversion 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 garage conversion (not sure if permitted, buyer to do due diligence) garage is converted and done in workmanlike manner and has been rented for years. Current rent is $1500 which is not included in the rents on unit info page 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.

Listing Details

Trust & Probate
Property type: Quadruplex (Multi-Family)
Status: Active Under Contract
MLS# CV26160176
Price: $1,000,000
Beds: 0
Baths: 0
Built in 1939
0.21 acres
Lot size: 0.2051
County: Los Angeles
Lot description: ZeroToOneUnitAcre,Back Yard,Front Yard
MLS area: RK - Paramount South of Somerset

Last Updated: 8/19/2026

 Days On Market (DOM): 28

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This listing belongs to the RK - Paramount South of Somerset MLS area

Lat/Long: 33.896027, -118.176310.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Steff Boardman

Steff Boardman REALTOR® - Sales Associate 818-425-0422 m
818-528-3200 o
Lic#: 01298709
NRDS ID: 207012459
steff4homes@aol.com Text Me
Call My Cell
Call My Office
Lic#: 01298709
NRDS ID: 207012459
steff4homes@aol.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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