7032 Somerset Paramount, CA ^$ 1,200,000

7032 Somerset

^$ 1,200,000

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Recently Listed

7032 Somerset

Paramount, CA, 90723

^$ 1,200,000

Studio Baths1.0 Sq 2,400

Monthly Estimate*

^$ 7,389

Listed by Cal American Homes

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Studio

Multi-Family Home for sale in Paramount, CA

for $1,200,000 with 1 full bath. This 2,400 square foot home was built in 1939 on a lot size of 0.2051.

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.

Multi-Family Active

Price

^$ 1,200,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2051

Year Built

1939

Town/City

Paramount

County/Region

Los Angeles

MLS | Web ID

CV26022273

Days on Market

Features

General

Sewer Public Sewer

Cooling None

Garage Spaces 0

Pool Features None

Year Built 1939

Property Subtype Quadruplex

Gross Income 0

Community Features Street Lights Suburban Sidewalks

County Los Angeles

Net Operating Income 61360

Operating Expense 22640

Insurance Expense 2300

New Construction false

Property Type Residential Income

Contingency Property is being sold by a trust and subject to first right of refusal by one family member

Garage Y/N false

Special Listing Conditions Standard Trust

Status Active

Directions Somerset and Orange

City Paramount

Entry Location 1

Senior Community Y/N false

Number Of Units Total 4

MLS Area RK - Paramount South of Somerset

Lot Size Units Square Feet

Lot Size Square Feet 8936

Listing Terms Conventional FHA VA Loan

Property Attached Y/N false

Land Lease Y/N false

Electric Expense 2880

Fuel Expense 0

Trash Expense 780

Water Sewer Expense 1680

Additional Parcels Y/N false

Rent Control Y/N false

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 2

Property Sub Type Additional Quadruplex

Taxes 15000

Interior

Fireplace Features None

Total Stories 1

Common Walls No Common Walls

Air Conditioning Y/N false

Fireplace Y/N false

Laundry Features None

Entry Level 1

Exterior

Lot Features 0-1 Unit/Acre Back Yard Front Yard

Water Source Public

Total Parking 0

Lot Size Area 8936

Number of Buildings 3

Building Area Total 2400

Lot Size Acres 0.2051

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 2

Number of Separate Gas Meters 2

Number of Separate Electric Meters 2

* Excluded Features

List By

Cal American Homes

Broker

teamjuarezassist@gmail.com

Affordability Calculator

$7,389

Per Month

Monthly Principal & Interest: $7,389
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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

Multi-family listings in Paramount, CA

Average List Price ^$1,087,113

Percent of Sale Price 9%

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
1/31/2026	$1,200,000		Listed Price

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7032 Somerset, Paramount, CA, 90723 is a Multi-Family Home for sale at $1,200,000 with 2,400 sqft and a lot size of 0.2051. 7032 Somerset is a studio with 1.0 baths and was built in 1939. 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 6.25% 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 2/2/2026. 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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7032 Somerset

Multi-Family Home for sale in Paramount, CA

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