15000 Downey Avenue 122, Paramount, California 90723, Paramount, 90723 - 1 bed, 1 bath
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Paramount, California 90723
This Private Corner Condominium within the gated Somerset community is listed at $324,000, offering a stable entry into the Paramount market near its $300,819 Fair Market Value. Maintaining a Condition Rating of 4, the interior features central HVAC, in-unit laundry, and a bright, open layout. The property stands out for its resort-style amenities, including a community pool, spa, and clubhouse, alongside proximity to the 9/10 rated Compton Early College High. This move-in-ready home is perfectly suited for First-Time Buyers or Owner-Occupants prioritizing security and lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15000 Downey Avenue 122 Subject | $324,000* List Price | 1 | 1 | 620 | $485 | - |
A 15000 Downey 249 Sold | $295,000 | 1 | 1 | 630 | $468 | - |
B 15000 Downey Avenue 354 Sold | $325,000 | 1 | 1 | 630 | $516 | - |
C 15000 Downey Avenue 355 Active | $310,000 List Price | 1 | 1 | 624 | $497 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991, this property is well-maintained and move-in ready but shows its age through original or older style features. While it benefits from updated laminate flooring and central HVAC, the kitchen and bathroom components—including the white appliances, cabinetry, and light fixtures—are dated and have not undergone a recent high-end renovation, placing it squarely in the fair category.
High School: Compton Early College High (9/10).
Positioned as a corner unit that is not overlooked by neighbors, this condo offers enhanced privacy and a brighter, more open feel compared to standard interior units.
The gated Somerset Condominiums provide high-value resort-style features including a pool, spa, clubhouse, BBQ areas, and secure subterranean parking with extra storage.
At approximately 620 square feet, the compact footprint may be restrictive for buyers looking for more spacious living areas or long-term versatility.
While the area offers some high-performing options, the immediate assigned middle and high schools have lower ratings, which could impact appeal for families and future resale value.
Welcome to Somerset Condominiums, a gated community in the heart of Paramount! This charming 1-bedroom, 1-bathroom condo, "corner unit" which is very private, that is not over-looked by another unit, offers approx. 620 sq. ft. of comfortable living with a bright, open layout. In-unit laundry for convenience. The spacious bedroom is complemented by ample closet space, while central air and heat ensure year-round comfort. The community is beautifully maintained and includes resort-style amenities such as a sparkling pool, relaxing spa, clubhouse, BBQ areas in multiple places, and secure gated community. Assigned subterranean parking plus guest parking and extra storage add even more value. HOA-covered water and trash. Ideally located near shopping, dining, coffee shops, schools, and major freeways, this condo combines comfort, convenience with style, and a prime location! Perfect for first-time buyers or investors alike don't miss this opportunity to own in a highly desirable community! Schedule your private tour today
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.3 mi
Grades K-5 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 31% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 620 | 1,058 | 6% |
| Lot Size | 152,602 | 116,541.5 | 50% |
| Price | $324.0K | $470.0K | 13% |
| Price per sq ft | $523 | $466 | 69% |
| Built year | 1991 | 1981 | 63% |
| HOA | $352.15 | $349 | 50% |
| Days on market | 223 | 217 | 56% |
Sep 11, 2025
$324,000
Initial Listing
Jul 24, 2012
$75,000
Public Record
Oct 1, 2008
$122,500
Public Record
Oct 10, 2006
$233,500
Public Record