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7042 Somerset Blvd, Paramount, CA 90723

  • $1,655,000

    Last sold date unavailable

  • 9

    bed

  • 6

    bath

  • 4,497

    Sqft ($368/Sqft)

Multi-family not for sale
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About 7042 Somerset Blvd

Property type Multi-family
Neighborhood
Year built 1934
HOA fee $0/month
Lot size 0.26 Acre
Movoto estimate
Property description
This 9-bedroom, 6-bathroom multi-family property is located at 7042 Somerset Blvd, Paramount, CA, 90723 in Los Angeles County and was built in 1934. The property offers 4,497 square feet of living space on a 11,329 sq ft (0.2601-acre) lot.
Overview
Levels/Style Two
MLS # 24-468381
Type Residential Income
Status Active
SqFt 4497
Lot Size (SqFt) 11329
Lot Size (Acres) 0.2601
Year Built 1934
Interior
Total # of Baths 6
Total # of Bedrooms 9
Exterior
# Parking Spaces 8
Parking Desc Assigned
Add'l Structures None
Amenities / Utilities
Equipment Other
Location
County Los Angeles
Zoning PARM*
APN 6240-002-003
Multifamily Details
Unit 3: Furnished No
Unit 1: Furnished No
Unit 3: Projected Rent 9580
Unit 1: Projected Rent 1475
Unit 1: Rent 1255
Unit 2: Rent 1760
Unit 3: Rent 2352
Unit 2: Furnished No
Unit 2: Projected Rent 1795
Unit 3: # Beds 2
Unit 2: # Beds 1
Unit 2: # Baths 1
Unit 3: # Baths 1
Unit 1: # Baths 1
Unit 2: Actual Rent 1760
Unit 3: Actual Rent 9410
Unit Type 2106, 2107, 2108
Unit 1: Actual Rent 1255
Total # Of Buildings 4
Net Operating Income 99420
Cap Rate 6.01
Gross Income 149100
Gross Operating Income 148635
Gross Rent Multiplier 10.81
Total Annual Expenses 49215
  • Jul 2025
  • Jul 12, 2025 Delisted
    $1,655,000
  • Mar 17, 2025 Price Change
    $1,655,000 (-2.4%)
  • Jan 6, 2025 Price Change
    $1,695,000 (-4.2%)
  • Dec 2, 2024 Listed
    $1,770,000

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Nearby homes for sale in Paramount, CA

  • Real Estate
  • CA
  • Los Angeles County
  • Paramount
  • 90723
  • 7042 Somerset Blvd
$1.65M
Range: $1.48M-$1.82M
Last 30 days 

Nearby recently sold homes in Paramount, CA

  • 7042 Somerset Blvd
    $1.65M
  • Paramount South Of Somerset
    —
  • 90723
    $639K 0% y/y
  • Paramount
    $639K 0% y/y
No chart available
Statistics calculated by Movoto
5/10
Mark Keppel School
public Grades K-5
Paramount Unified School District
7/10
Frank J. Zamboni School
public Grades 6-8
Paramount Unified School District
5/10
Paramount High School
public Grades 9-12
Paramount Unified School District
2/10
Buena Vista High School
public Grades 9-12
Paramount Unified School District
Source: GreatSchools.org © 2026. All rights reserved.
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