Exceptional value-add opportunity in the heart of Paramount. This well-maintained 3-unit multifamily property with a bonus garage conversion
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… Read More 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 garage conversion (not sure if permitted, buyer to
do due diligence) garage is converted and done in workmanlike manner and has been rented for years. Current rent is $1500 which is not included
in the rents on unit info page 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. Read Less
Property listed by Coldwell Banker Icon, Aaron Juarez 310-259-7556
Listing Snapshot
Days Online
13
Last Updated
Property Type
Quadruplex
Lot Size
0.21 Acres
Year Built
1939
MLS Number
CV26160176
Additional Details
Building
Built in 1939, 3 buildings, 1 storey, Entry level: 1, Entry location: 1
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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