7042 Somerset Boulevard, Paramount CA, 90723

Active

7042 Somerset Boulevard

Paramount CA, 90723

$1,770,000

$393.60 per sqft

Active

9 Beds

6 Baths

4,497 sqft

Residential

Built in 1934

Listed by Roderick 'Rick' Raymundo with Marcus & Millichap 213-943-1855

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.

24468381

MLSⓇ ID

December 2, 2024

Listed

December 10, 2024

Updated

Map

7042 Somerset Boulevard
Paramount CA, 90723

Interior Features

Total Stories: 2
Bedrooms: 9
Total Bathrooms: 6
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.26 Acres

Other Property Details

Area Name: RK - Paramount South of Somerset
Days on Market: 8
Garage: No
Parking: Assigned
Parking Total: 8
View: No
County: Los Angeles
Pool: No
Zoning: PARM*

Listing Contact: 818-212-2700

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/10/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 12/10/2024 at 5:42 PM UTC