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7042 Somerset Blvd
Paramount, CA 90723

$1,770,000 USD

Apartments For Sale • 3,917 SF

Property Details

Property Type Apartments
Total Building Size 4,497 SF
Lot Size 0.26 AC
Building Class C
Year Built 1962
Zoning PARM

0 Transit Score

33 Walk Score

                
                    Highlights
                
                                Not Subject to Los Angeles Rent Control – Higher Allowable Rent Increases Under AB 1482
                            
                                Excellent Unit Mix – Mostly Two-Bedroom Units, Including Multiple Bungalows
                            
                                Attractive Current 5.25% CAP Rate and 11.98 GRM
                            
                                Numerous Recent Interior and Exterior Upgrades
                            
                                RUBS in Place to Generate Additional Income for Owner
                            
                                Ample On-Site Parking -- Space for Eight Vehicles

Property Flyers

7042 Somerset Blvd - Paramount, CA - OM

Public Transportation

Commuter Rail	Drive	Walk	Distance
Norwalk/Santa Fe Springs (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink))	14 min	-	8.1 mi
Commerce (91 Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink))	16 min	-	8.8 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	12 min	-	6.4 mi
Los Angeles International	23 min	-	17.0 mi
John Wayne/Orange County	37 min	-	28.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	Surface
Included in Rent:	Yes

Rick Raymundo 818-219-6146 Marcus and Millichap

7042 Somerset Blvd Paramount, CA 90723