7042 Somerset Boulevard

Paramount, CA 90723

  • 9 Bed(s)
  • 0 Bath(s)
  • 4,497 Sqft
  • 11329
    Sqft(Lot)
$1,770,000

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    47922576

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Property Details

  • Bedroom Information

    • Total Bedrooms : 9

    Bathroom Information

    • Total Baths: 6
    • Full Baths: 0
    • Half Baths: 0

  • Building Information

    • Year Built: 1934
    • Building Area Total: 4,497

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2601
    • Lot Size Source: Estimated
    • Lot Size Square Feet: 11329

  • Listing Price Information

    • Original List Price: 1,770,000
    • Listing Contract Date: 2024-12-02

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 6240002003

  • Garage and Parking

    • Garage Description: Assigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: RK - Paramount South of Somerset
    • Postal Code Plus 4: 3904
    • Directions: We are pleased to announce the opportunity to purchase 7042 Somerset Boulevard, a six-unit multifamily property located in Paramount, CA.
    • Zoning: PARM*
    • Source Property Type: Residential Income
    • Area: RK - Paramount South of Somerset

    Building and Construction

    • Property Age: 90
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 4497
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 12/21/2024 @ 23:50

  • MLS: 24468381
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 9 bedrooms which is for sale, it has 4,497 sqft, 11,329 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Paramount , in zip code 90723, this Los Angeles County Home are nearby neighborhoods.