7029 Somerset Paramount, CA ^$ 500,000

7029 Somerset

^$ 500,000

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7029 Somerset

Paramount, CA, 90723

^$ 500,000

Bedrooms1 Baths1.0 Sq 512

Monthly Estimate*

^$ 3,119

Listed by Circle Real Estate

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Single Family Home for sale in Paramount, CA

for $500,000 with 1 bedroom and 1 full bath. This 512 square foot home was built in 1938 on a lot size of 0.0649.

Price adjustment Alert!! See the potential this starter home has. This home is a cozy 1-bedroom, 1-bathroom home offering 512 sq. ft. of comfortable living space. Perfectly suited as a starter home or investment property, this home combines charm, functionality, and potential. The detached garage is a standout feature, offering the exciting possibility of being converted into an Accessory Dwelling Unit (ADU). With its private back entrance from the alley, it’s ideal for creating a rental unit, guest house, or even a home office. Centrally located near shopping centers, schools, and major freeways, this home makes daily errands and commuting a breeze. Whether you’re a first-time buyer looking for affordability or an investor seeking an income-producing property, this little gem holds endless opportunity. Don’t miss your chance to make it yours!

Single Family Active

Price

^$ 500,000

Bedrooms

Full Bath

Property Type

Single Family

Taxes

^$ 0

Style

Lot Size

0.0649

Year Built

1938

Town/City

Paramount

County/Region

Los Angeles

MLS | Web ID

PW25222366

Days on Market

Features

General

Living Area 512

Sewer Public Sewer

Cooling None

HOA Fee 0

Garage Spaces 1

Pool Features None

Year Built 1938

View None

Stories Count 1

Levels One

Property Subtype Single Family Residence

Community Features Street Lights Sidewalks

County Los Angeles

New Construction 0

Property Type Residential

HOA 0

Attached Garage 0

Contingency Tenant's have been given appropriate notice and are cooperative.

Garage Y/N 1

Full Baths 1

Special Listing Conditions Standard

Status Active

Directions Cross Streets- Somerset X Orange Ave

City Paramount

Entry Location 1

Senior Community Y/N 0

High School District Paramount Unified

Number Of Units Total 1

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 2828

Listing Terms Conventional FHA

Property Attached Y/N 0

Land Lease Y/N 0

Additional Parcels Y/N 0

Lease Considered Y/N 0

Structure Type House

Living Area Units Square Feet

Standard Status Active

Occupancy Type Tenant

Year Built Source Assessor

Tax Lot 7343

Property Sub Type Additional Single Family Residence

Interior

Interior Amenities All Bedrooms Down

Fireplace Features None

Total Stories 1

Common Walls No Common Walls

Air Conditioning Y/N 0

Fireplace Y/N 0

Laundry Features See Remarks

Total Bedrooms 1

Entry Level 1

Main Level Bedrooms 1

Main Level Bathrooms 1

Total Baths 1

Exterior

Lot Features 0-1 Unit/Acre

Water Source Public

Total Parking 1

Lot Size Area 2828

Lot Size Acres 0.0649

Private Pool 0

Lot Size Source See Remarks

* Excluded Features

List By

Circle Real Estate

Broker

heli@homesbyheli.com

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$3,119

Per Month

Monthly Principal & Interest: $3,119
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Single family listings in Paramount, CA

Average List Price ^$415,898

Percent of Sale Price 17%

About Paramount, CA

55,175 Population

0% Since 2002

^$47,395 Median Income

31.48 Median Age

48% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/28/2025	$500,000		Listed Price

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7029 Somerset, Paramount, CA, 90723 is a Single Family Home for sale at $500,000 with 512 sqft and a lot size of 0.0649. 7029 Somerset has 1 bedrooms, 1.0 baths, and was built in 1938. The property's zip code is 90723 which is in Paramount, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/25/2025. 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, 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.

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7029 Somerset

Single Family Home for sale in Paramount, CA

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