Excellent opportunity in one of Paramount's most desirable neighborhoods! This clean and well-maintained property offers an excellent combination of residential living, income potential, and ample parking. The property features a 2-bedroom, 2-bathroom main house plus a duplex with two additional 2-bedroom, 1-bathroom units, providing a total of three separate residences. Adding to the property's versatility are two large, finished garages, offering substantial enclosed space that may be used for parking, storage, workspace, or other permitted uses. The property also includes driveway parking for up to five vehicles, a valuable feature for a multi-unit property. The desirable location is close to shopping centers, restaurants, schools, and transit. This property presents an exceptional opportunity for an owner-user, extended family, or investor seeking a well-kept property with strong functionality and flexibility.
A rare nine-unit offering in Paramount that combines a genuinely exceptional unit mix, turnkey renovated condition, and legitimate ADU upside — all outside of local rent control. Eight (8) large three-bedroom / two-bath units at approximately 905 SF, plus one (1) one-bedroom / one-bath at 440 SF. Three-bedroom apartments are almost impossible to replicate in today's construction environment, and they drive family tenancy, longer average tenure, lower turnover cost, and rent premiums that one- and two-bedroom product simply cannot command. The property sits on a 17,524 SF lot with 7,800 SF of building area and is 100% occupied at close of escrow. The building has been fully renovated — roofs, windows, and all major systems, along with unit interiors and appliances. A buyer steps into stabilized, day-one cash flow without the deferred-maintenance capital plan that typically accompanies 1962-vintage product. The property is subject only to statewide AB 1482 — not a local rent-control ordinance — preserving annual increases up to the statutory cap and full vacancy decontrol on turnover under Costa-Hawkins. Additional upside comes from the open parking areas which present a strong candidate ADU construction under SB 1211. Offered at $3,100,000 — $344,444 per unit — on $205,494 of in-place NOI, a 6.63% current cap rate going to 6.98% pro forma on turnover to market rents. Nearby 2025–2026 sales in the Bellflower/Paramount submarket traded at 4.64%–5.75% caps and $314,063 per unit, making this an outsized in-place yield for renovated, family-sized product. Paramount is outside the City of Los Angeles and not subject to Measure ULA. Nine on-site parking spaces. Convenient to the 105 and 710 freeways, Downtown LA, LAX, and Long Beach.
Rare opportunity to own a fully detached duplex in the heart of Paramount, just off Paramount Blvd and Somerset. This property offers two separate 2-bedroom, 1-bath units with no common walls, each with its own private outdoor space a layout that lives more like two single-family homes than a typical duplex. Ideal for owner-occupants and investors alike: live in one unit and let the other help cover your mortgage, or hold both as rentals with immediate income and room to grow. Current rents sit below market, giving the next owner built-in upside from day one. Additional highlights include three garage spaces plus ample driveway parking, separate gas and electric meters for easy expense management, and low-maintenance grounds throughout. Conveniently located near schools, shopping, and major freeways for an easy commute anywhere in LA County. Duplexes like this detached, income-producing, and FHA-friendly don't come around often. Schedule your showing today.
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 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.
Exceptional opportunity to acquire a well-maintained 9-unit multifamily property in the strong rental market of Paramount. Built in 1958, this pride-of-ownership asset offers approximately 7,434 square feet of improvements and a desirable 19-bedroom unit mix, providing stable in-place income with additional rental upside. Six of the nine units have been updated within the past decade, while separately metered gas and electricity help reduce owner expenses. The property also features 18 assigned on-site parking spaces, enhancing tenant appeal and long-term value. Conveniently located near major freeways, shopping, dining, schools, and employment centers, the property benefits from consistent rental demand. An excellent opportunity for investors seeking immediate cash flow, long-term appreciation, and value-add potential, including those completing a 1031 exchange. Financial information, rent roll, and pro forma available upon request.
Exceptional opportunity to acquire a well-located 6-unit multifamily property in the heart of Paramount. Situated on Indiana Avenue, this unique asset consists of six units across three separate APNs and offers a desirable low-density layout with a rare standalone-style configuration that provides residents with a greater sense of privacy compared to traditional apartment complexes. The property includes one front single-family residence at 15013 Indiana Ave featuring 2 bedrooms, 1 bathroom, and a spacious private yard. Two units at 15013 1/2 and 15013 1/4 Indiana Ave each offer 2 bedrooms, 1 bathroom, and a private one-car garage. One unit at 15015 Indiana Ave features 2 bedrooms, 1 bathroom, and dedicated parking. Two additional units at 15011 1/2 and 15011 1/4 Indiana Ave each offer 1 bedroom, 1 bathroom, and dedicated parking. Additional amenities include ample on-site parking and garage spaces. The roofs on the front and rear structures were replaced less than one year ago. Each unit is separately metered for gas and electricity, while all units share a single water meter. Conveniently located near the 91, 710, 605, and 105 Freeways, the property offers excellent access to major employment centers throughout Los Angeles and Orange County. Nearby shopping, dining, and entertainment destinations include Paramount Towne Center, Lakewood Center, and Downey Landing. Located in an established rental market, the property offers the potential for future income growth through strategic rental adjustments and property improvements. With stable in-place income, a desirable infill location, and opportunities for long-term appreciation, this property presents an attractive investment opportunity.
FOUR DETACHED SINGLE-FAMILY RESIDENCES IN PARAMOUNT! This investment property offers an excellent opportunity for both investors and owner-occupants. One unit is currently vacant, providing the perfect chance for a buyer to move in while generating rental income from the other three tenant-occupied units. Whether you're looking to offset your mortgage with rental income or expand your investment portfolio, this property offers outstanding potential. Ideally situated near grocery stores, shopping centers, restaurants, schools, parks, public transportation and everyday conveniences, the property also offers quick access to several major freeways, making commuting throughout Los Angeles and Orange County convenient. In addition, this property offers flexibility of immediate owner occupancy. This is a rare opportunity you won't want to miss!
$50,000 PRICE CUT!! HUGE PRICE REDUCTION--2026 NEW CONSTRUCTION! This is your opportunity to own one of Paramount's best values. Beautifully designed and move-in ready, this exceptional property offers a rare combination of modern living, flexible space, and income potential. The main home features 5 spacious bedrooms and 4 bathrooms, including a convenient first-floor primary suite. The bright open floor plan is filled with natural light and offers a seamless flow between the living room, dining area, and gourmet kitchen. The kitchen is designed for both everyday living and entertaining, featuring quartz countertops, stainless steel appliances, abundant cabinet space, and a large center island. The detached ADU adds incredible value with 2 bedrooms, 1 bathroom, inside laundry, a private entrance, its own address, and 2 dedicated parking spaces. It is perfect for extended family, guests, or rental income. Built with quality and energy efficiency in mind, both homes include paid solar panels, central heating and air conditioning, tankless water heaters, dual-pane Low-E windows, recessed LED lighting, waterproof flooring, EV charger readiness, and separate laundry areas. One of the highlights of this property is the spacious rooftop terrace. Create your own outdoor lounge, home gym, yoga retreat, entertaining space, or simply relax and enjoy the open views. The property also offers a 2-car attached garage, with additional parking for the main home and for the ADU. it's conveniently located near schools, shopping, restaurants, parks, and major freeways. Whether you're looking for a spacious family home, a property with rental income, or a smart long-term investment, this home checks all the boxes. Don't miss this incredible opportunity. Visit this home before it's gone and see everything this beautiful new home has to offer! Open House Saturday 8/15 11-2pm!
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.
