7032 Somerset, Paramount, California 90723, Paramount, 90723 - bed, bath
7032 Somerset
Paramount, California 90723
Property Price
SUMMARY
Analysis of 7032 Somerset, Paramount, California 90723 is currently available with a list price of $1,200,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Paramount Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
The property was built in 1939, and while the description states it's 'well-maintained' with 'minimal deferred maintenance,' the interior images reveal significantly outdated kitchens and bathrooms. Kitchens feature older wooden cabinets, tiled countertops, and basic white appliances (some units have newer stainless steel refrigerators). Bathrooms show older vanities, basic fixtures, and dated tile work. Flooring is primarily older tile or worn carpet. There are no signs of recent extensive renovations, and the overall aesthetic is functional but clearly from an older era, requiring substantial cosmetic updates to meet modern standards. This aligns with the 'Fair' criteria of being aged but maintained, with major components functional but showing signs of being outdated, and requiring minor updates or repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Compton Early College High (9/10).
- Multifamily Investment Opportunity
This 4-unit quadruplex offers diversified income streams, making it an attractive asset for investors seeking multiple revenue sources.
- Significant Rent Upside Potential
Rents are currently below market, providing a clear and immediate path for a new owner to increase income through strategic rent adjustments and operational optimization.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2400, other record living area = 1650.
- Age of Property
Built in 1939, the property's age suggests potential for aging infrastructure and systems, which may lead to higher long-term maintenance costs or the need for significant capital improvements.
- Current Below Market Rents
While offering upside, the current below-market rents mean the property is not yet maximizing its income potential, requiring active management and potential tenant transitions to achieve market rates.
About 7032 Somerset
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.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1939
- Lot Size
- 8,936 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Paramount Unified Schools
Mark Keppel School
Grades K-5 • 0.3 mi
Los Cerritos School
Grades K-5 • 0.3 mi
Howard Tanner School
Grades K-5 • 0.6 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,400 | 2,168 | 67% |
| Lot Size | 8,936 | 7,204.5 | 83% |
| Price | $1.20M | $810.0K | 83% |
| Price per sq ft | $500 | $364 | 67% |
| Built year | 1939 | 1940 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 35 | 162 | 17% |
Pricing History
Listed for Sale
Jan 30, 2026
$1,200,000
Initial Listing