7032 Somerset Paramount, CA 90723
Listing Courtesy of: CRMLS / Coldwell Banker Icon / Augustine Aaron Juarez - Contact:  909-917-8388

  7032 Somerset Paramount, CA 90723

Active (41 Days)
$1,200,000 (USD)

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.

MLS #:
CV26022273
Lot Size
8,936 SQFT
Type
Multifamily
Year Built
1939
County
Los Angeles County

Listed By

Augustine Aaron Juarez, DRE #01295422 CA, Coldwell Banker Icon, Contact: 909-917-8388
Source
CRMLS
Last checked Mar 12 2026 at 10:37 PM GMT+0000
Bathroom Details
Lot Information
  • Back Yard
  • Front Yard
Utility Information
  • Utilities: Water Source: Public
  • Sewer: Public Sewer
Additional Information: Icon | 909-917-8388
Location
   
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Disclaimer: Based on information from California Regional Multiple Listing Service, Inc. as of 2/22/23 10:28 and /or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable.