7042 Somerset Boulevard, Paramount, CA 90723 - Berkshire Hathaway HomeServices California Properties
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7042 Somerset Boulevard, Paramount, CA 90723

$1,655,000 Approx. USD 9 beds, 6 baths
4,497 sqft

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Listing Agent


Roderick 'Rick' Raymundo | Rick.Raymundo@MarcusMillichap.com
Lic#: 01357019
Broker: Courtesy of Marcus & Millichap

Co Listing Agent


Oscar Diaz | Oscar.Diaz@marcusmillichap.com
Lic#: 02022902
Broker: Courtesy of Marcus & Millichap

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 24468381
List price is $1,655,000 Reduced by $40,000 on 3/17/2025
Price: $1,655,000
Beds: 9
Baths: 6
Built in 1934
4,497 sqft
2 stories
0.26 acres
Lot size: 0.2601
County: Los Angeles
Zoning: PARM*
Parking description: Assigned
MLS area: RK - Paramount South of Somerset

Last Updated: 4/30/2025

 Days On Market (DOM): 151

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

Lat/Long: 33.895942, -118.175915.
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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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