First time on the market in over 50 years! This is the perfect opportunity for an owner-user investment property located in the heart of downtown Paramount. It is located on a 15,006 Sqft lot with approximately 4,380 Sqft for all buildings combined. This property features a Pet Store retail store front with long-term tenants (1640SF), a beautiful detached 3 bedroom 1 bath single family home, and 3 tenant-occupied 1 bedroom, 1 bath units. The 3 bedrooms and 1 bath home consists of approximately 1138 Sqft of living area including inside laundry room, an extra-long 1 car garage plus carport space and additional storage inside the garage. It was recently painted inside and out. The new wood-look laminate flooring was installed throughout and the full bath was remodeled including lovely white & gray tile surround at the tub, a vanity and new fixtures. Features on this home include a spacious front porch, wainscotting in the living and dining rooms, a window seat in the dining room, custom woodwork, a private enclosed backyard and plenty of parking. At the rear of the lot are the 3 rental units which are currently tenant occupied: (1) 1 bedroom, 1 bath ground level unit with laundry, located behind the pet store (486 SF). (2) 1 bedroom, 1 bath upstairs unit with an office, laundry and 2 single car garages below it (630 SF). (3) 1 bedroom, 1 bath ground level unit with laundry and enclosed yard located behind the house (486SF). There is additional open storage space on the property which is also rented out. There is gated access to the rear of the property from the alley which all tenants use except for the 3 bedroom home. C-M zoning, Commercial Manufacturing”, allows for some C-3 “General Commercial” uses, the list is EXTENSIVE as for probable uses! See the additional supplements section for Zoning Map and city of Paramount Municipal Code showing permitted uses. Buyer to verify all information with the city. Property has 5 Electrical boxes, 5 Gas Meters and 2 water Meters. Electricity and Gas paid by tenants and water and trash paid by owner. Convenient access to the 91, 710 and 105 Freeways. PANERA BREAD and SPROUTS are being built the next block over on Somerset and Paramount Blvd according to the city!!!
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.
This well-maintained duplex, located in the heart of Paramount, offers a unique opportunity for both experienced investors and owner-occupants seeking additional income or flexible living arrangements. The front unit features two bedrooms and one bathroom, a private entrance, and appealing curb appeal. An extended driveway leads to a one-car detached garage. The rear unit includes one bedroom, one bathroom, a private entrance, and a private yard. The back house offers parking for three vehicles in the rear, with convenient alley access. This property is centrally located close to major freeways and shopping centers. Don't miss out on this excellent investment opportunity in one of Paramount's most sought-after neighborhoods.
Welcome to a fantastic investment opportunity! Discover this unique property in a prime location, perfect for savvy investors. This versatile residence includes 3 units converted to 4 units—2 spacious 2-bedroom, 1-bathroom units and 2 additional 1 bedroom 1 bathroom units, offering incredible rental potential. All units are fully occupied, providing the potential for immediate income from day one. The property also features a 4-car garage, providing secure parking or extra storage. The low-maintenance front and back yards are designed for easy upkeep, and a gated fence ensures privacy and security. Located just minutes from the vibrant shops and restaurants on Alondra Boulevard, and with convenient access to the 710, 105, 91 and 605 freeways, this home offers easy commutes to anywhere in Los Angeles. This property is a rare find in a sought-after area, combining excellent income potential with a great location.
"BACK ON MARKET!!!!!" Great Investment Opportunity on this Prime Location, corner lot duplex which is literally across the street from the City of Downey. This SE corner property of 7590 SqFt has the potential to build an ADU on the Gardendale side of the lot with the existing duplex sits on the rear of the lot facing Brock St. Lots of potential here for future growth! Both units currently rented to long term tenants. This property is situated with close access to 105, 605 & 710 freeways and with shopping, restaurants, etc. near by.
Great Opportunity Multifamily residence. 2 Units. Main Unit has 4 Bedrooms/ 2 Bathrooms, tankless water heater, washer/dryer, 3 cars driveway. All energy efficiency lights and windows, Entire kitchen renewed, quartz countertop, Wall mount range hood, Garbage disposal, Central air. Rear Unit, ADU in 2022, 2 beds and 1 bath, Kitchen has granite counter top, range hood and garbage disposal. Complete unit has laminated flooring. All windows and lights are Energy Efficiency. Very good size of Bedroom and playroom. Tankless water heater. Kitchen and bedroom have Split AC unit. Zoning R3, Very well exterior maintained, Cover patio to enjoy family gathering or to use as storage. All grades walking distances schools, 10 minutes away from Cerritos college, 25 minutes away from Cal States Universities, 5 minutes 710 Fwy access, 10 Minutes 105 Fwy access. This nice property is ideal for anyone looking for a smart rental income property investment or a lovely home with an extra unit for extended family or additional income.
Paramount is located in California. Paramount, California has a population of 53,904. Paramount is more family-centric than the surrounding county with 36.22% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Paramount, California is $60,456. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Paramount is 31.6 years.
The average high temperature in July is 80.6 degrees, with an average low temperature in January of 46.5 degrees. The average rainfall is approximately 13.5 inches per year, with 0 inches of snow per year.
