7032 Somerset Blvd Paramount, CA 90723
Paramount AreaEstimated payment $5,847/month
Total Views
10,288
8
Beds
5
Baths
2,400
Sq Ft
$417
Price per Sq Ft
Highlights
- Laundry Room
- 1-Story Property
- 3-minute walk to Salud Park
- Back and Front Yard
About This Home
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.
Listing Agent
Coldwell Banker Icon Brokerage Phone: 909-917-8388 License #01295422 Listed on: 07/22/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1939
Lot Details
- 8,936 Sq Ft Lot
- No Common Walls
- Back and Front Yard
- Density is up to 1 Unit/Acre
Home Design
- Quadruplex
- Entry on the 1st floor
Interior Spaces
- 2,400 Sq Ft Home
- 1-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 8 Bedrooms
- 5 Full Bathrooms
Location
- Suburban Location
Listing and Financial Details
- Legal Lot and Block 2 / 10
- Tax Tract Number 5538
- Assessor Parcel Number 6240002014
- $1,142 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 4 Units
Amenities
- Laundry Facilities
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 2 Separate Water Meters
- Electric Expense $2,880
- Fuel Expense $400
- Insurance Expense $2,300
- Trash Expense $780
- Water Sewer Expense $1,680
- New Taxes Expense $12,500
- Operating Expense $20,140
- Gross Income $84,000
- Net Operating Income $63,860
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $3,952 | $244,341 | $114,097 | $130,244 |
| 2025 | $3,952 | $239,573 | $111,860 | $127,713 |
| 2024 | $3,749 | $234,876 | $109,667 | $125,209 |
| 2023 | $3,685 | $230,271 | $107,517 | $122,754 |
| 2022 | $3,594 | $225,757 | $105,409 | $120,348 |
| 2021 | $3,512 | $221,332 | $103,343 | $117,989 |
| 2020 | $3,445 | $219,384 | $102,284 | $117,100 |
| 2019 | $3,573 | $215,090 | $100,279 | $114,811 |
| 2018 | $3,279 | $210,880 | $98,313 | $112,567 |
| 2016 | $2,968 | $202,387 | $94,497 | $107,890 |
| 2015 | $2,820 | $199,348 | $93,078 | $106,270 |
| 2014 | $2,888 | $195,444 | $91,255 | $104,189 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/22/2026 07/22/26 | For Sale | $1,000,000 | -- | $417 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $620,000 | Commercial | |
| Closed | $17,377 | Unknown |
Source: Public Records
About the Listing Agent
Aaron brings an elevated level of expertise to the table as an experienced professional. It is exciting that you are here, and Aaron cannot wait to show you the differences his services can create when it is time to realize your real estate goals. As your representative, Aaron will work tirelessly to help you purchase or sell a property in Chino, Eastvale, or other nearby areas. Aaron will ensure he makes the process enjoyable and successful. Looking to sell? He will endeavor to sell your
Aaron's Other Listings
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV26160176
APN: 6240-002-014
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Nearby Homes
- 15325 Orange Ave Unit B29
- 15351 Orange Ave Unit 8
- 15122 San Jose Ave
- 7258 Exeter St Unit 6
- 7304 Exeter St Unit E
- 7021 Alondra Blvd Unit 21
- 7257 Motz St
- 15325 F#16 Orange
- 7101 Rosecrans Ave
- 7249 Marcelle St
- 4953 E San Carlos St
- 4950 E San Rafael St
- 16600 Orange Ave Unit 146
- 16600 Orange Ave Unit 66
- 16600 Orange Ave Unit 25
- 14716 S Frailey Ave
- 15116 S Lime Ave
- 15540 Colorado Ave
- 16601 S Garfield Unit 95
- 16601 S Garfield Unit 804
- 7110 Somerset Blvd Unit 5
- 15328 Orange Ave
- 15351 Orange Ave Unit 26
- 15554 Cypria Cir
- 7232 Exeter St Unit 9
- 16200 Vermont Ave
- 15514 S White Ave Unit 15514 S White Ave
- 7950 Howe St
- 13840 Arthur Ave
- 13842 Arthur Ave
- 15327 S Butler Ave Unit 15327 1/2 S Butler
- 16439 California St Unit 1/4
- 13801 Paramount Blvd
- 12440 Cookacre Ave
- 15134 Indiana Ave
- 14015 Anderson St
- 13930 Anderson St
- 15940 Indiana Ave
- 3008 70th St
- 13501 Paramount Blvd Unit Barber Shop
Your Personal Tour Guide
Ask me questions while you tour the home.