Date
Details
Price
Change
Source
1/30/2026
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/50
$1,200,000 Just Listed
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1/50
Property 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.
Full Property Details
Full Property Details for 7032 Somerset
General
- Price: $1,200,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: CV26022273
- Updated: 1/31/2026
- Days on Market: 5 days
- Added to Site: 5 day(s) ago
Interior
- Fireplace(s): None
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Location
- Area: RK - Paramount South of Somerset
- County: Los Angeles
- Development Name: RK - Paramount South of Somerset
- Driving Directions: Somerset and Orange
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 2
- # Gas Meters: 2
- # Electric Meters: 2
Structural Information
- Entry Location: 1
- Square Feet: 2,400
- Year Built: 1939
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Number of Units: 1
- Total Bathrooms: 2
- Bedrooms: 2
Unit 4
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.2051
- Lot Size (Sq. Ft.): 8,936
- Lot Size Source: Assessor
- Lot Description: 0-1 Unit/Acre, Back Yard, Front Yard
Financial Considerations
- Price Per Sq. Ft.: $500
- Price Per Unit: 300000
Listed by Cal American Homes, Aaron Juarez
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 7032 Somerset —
Aaron Juarez
Cal American Homes
909-917-8388
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 7032 Somerset
School District:Paramount Unified School District
| Name | Grades | Distance |
|---|---|---|
Mark Keppel School 6630 Mark Keppel Street, Paramount, CA 90723 | K-5 | 0.3 mi |
Frank J. Zamboni School 15733 Orange Avenue, Paramount, CA 90723 | 6-8 | 0.4 mi |
Paramount High School 14429 Downey Avenue, Paramount, CA 90723 | 9-12 | 1.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7032 Somerset
Tax History
Tax History for 7032 Somerset
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,952
7%
$239,893
4%
2023
$3,685
3%
$230,591
2%
2022
$3,594
2%
$226,077
2%
2021
$3,512
2%
$221,652
1%
2020
$3,445
-4%
$219,384
2%
2019
$3,573
9%
$214,770
2%
2018
$3,279
3%
$210,560
2%
2017
$3,184
7%
$206,433
2%
2016
$2,968
5%
$202,387
2%
2015
$2,820
-2%
$199,348
2%
2014
$2,888
1%
$195,444
—
2013
$2,862
—
$194,562
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7032 Somerset
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,085Sq. Ft.
- Mobile Home
- Active
- Updated 16 hours ago
- 2Beds
- 1Total Bath
- 500Sq. Ft.
- Single Family
- Active
- Updated 6 hours ago
- 3Beds
- 2Total Baths
- 1,457Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,117Sq. Ft.
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- Condo
- Active
- Updated 3 days ago
- 2Beds
- 3Total Baths
- 1,139Sq. Ft.
- Single Family
- Active
- Updated 7 hours ago
- 3Beds
- 2Total Baths
- 1,194Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,117Sq. Ft.
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- Single Family
- Closed
- 4Beds
- 3Total Baths
- 2,078Sq. Ft.
Listed and Sold by Miriam Surtees (CalRE#: 01801918)
7032 Somerset, Paramount, CA 90723 (MLS# CV26022273) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 7032 Somerset is currently listed for $1,200,000 and was received on January 30, 2026. Want to learn more about 7032 Somerset? Do you have questions about finding other Multi-Family real estate for sale in Paramount? You can browse all Paramount real estate or contact a Coldwell Banker agent to request more information.