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7042 Somerset Blvd
Paramount, CA 90723

$1,695,000 USD

Apartments For Sale  •  7,451 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 5.54% CAP Rate and 11.48 GRM
Numerous Recent Interior and Exterior Upgrades
RUBS in Place to Generate Additional Income for Owner
Ample On-Site Parking -- Space for Eight Vehicles

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • Kitchen
  • Oven
  • Range
  • Public Transportation
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
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
AirportDriveWalkDistance
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
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