7032 Somerset Blvd, Paramount, CA 90723
FOR SALE
Listed by Aaron Juarez, Coldwell Banker Icon, (909) 206-0001

7032 Somerset Blvd
Paramount, CA 90723

  • 8 Beds
  • 5 Baths
  • 2,400 sqft

$1,100,000

Original price: $1,200,000
Est. Mortgage $6,650/mo*
Get Pre-Qualified

$1,100,000

Original price: $1,200,000
Est. Mortgage $6,650/mo*
Get Pre-Qualified
8 Beds
5 Baths
2,400 sqft

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

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.

Home Highlights

Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
$458
Listed
113 days ago

Home Details for 7032 Somerset Blvd

Interior Features

Beds & Baths
Number of Bedrooms: 8Number of Bathrooms: 5
Appliances & Utilities
Laundry: None
Heating & Cooling
No CoolingAir Conditioning: None
Fireplace & Spa
Fireplace: NoneNo Fireplace
Windows, Doors, Floors & Walls
Common Walls: No Common Walls
Levels, Entrance, & Accessibility
Number of Stories: 1Entry Location: 1

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
No Garage
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 89Days on Market: 113

Property Information

Year Built
Year Built: 1939
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Quadruplex
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 6240002014

Price & Status

Price
List Price: $1,100,000Price Per Sqft: $458
Status Change & Dates
Off Market Date: Thu Mar 26 2026

Active Status

MLS Status: Active

Location

Direction & Address
City: Paramount

Agent Information

Listing Agent
Listing ID: CV26022273

Building

Building Area
Building Area: 2400 Square Feet

Community

Community Features: Street Lights, Suburban, SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 8936 sqft

Listing Info

Special Conditions: Standard, Trust

Offer

Contingencies: Property is being sold by a trust and subject to first right of refusal by one family memberListing Terms: Conventional, FHA, VA Loan

Rental Terms, Policies & Fees

No Rent Control

Miscellaneous

Mls Number: CV26022273Living Area Range Units: Square FeetAttribution Contact: 909-917-8388Back On Market Date: Tue Apr 07 2026Common Interest: NoneUniversal Property Id: US-06037-N-6240002014-R-N

Additional Information

Street LightsSuburbanSidewalksSource Internet Entire Listing Display
Last check for updates: about 15 hours ago
Listing Provided by: Aaron Juarez DRE #01295422, (909) 917-8388
Coldwell Banker Icon
Originating MLS: California Regional MLS
Source: CRMLS, MLS#CV26022273
Also Listed on CRMLS.

Market trends in Paramount

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
35
6MoM

Price History for 7032 Somerset Blvd

DatePriceEventSource
05/11/2026$1,100,000PriceChange
CRMLS #CV26022273
04/08/2026$1,200,000PendingToActiveCRMLS #CV26022273
03/26/2026$1,200,000PendingCRMLS #CV26022273
01/30/2026$1,200,000Listed For SaleCRMLS #CV26022273

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Property Tax and Assessment

Year2025
Tax$3,952
Assessment$239,893
Home facts updated by county records

Comparable Sales for 7032 Somerset Blvd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
7010 San Vincente St, Paramount, CA
0.25
Multi-Family Home
$800,000
12/22/25
6
4
2,488
6513 San Miguel St, Paramount, CA
0.52
Multi-Family Home
$1,140,000
08/28/25
6
5
2,638
15523 Colorado Ave, Paramount, CA
0.87
Multi-Family Home
$900,000
08/20/25
6
4
1,768
6626 San Miguel St, Paramount, CA
0.39
Multi-Family Home
$545,000
11/05/25
3
2
1,448
15115 S Frailey Ave, Compton, CA
0.87
Multi-Family Home
$662,000
08/29/25
7
4
2,436
6552 San Carlos St, Paramount, CA
0.52
Multi-Family Home
$673,000
06/30/25
4
2
1,592
4623 E Compton Blvd, Compton, CA
0.87
Multi-Family Home
$1,030,000
04/08/26
6
6
3,656
6611 San Luis St, Paramount, CA
0.30
Multi-Family Home
$710,000
06/06/25
2
2
960
4704 E Compton Blvd, Compton, CA
0.84
Multi-Family Home
$1,075,000
01/28/26
10
4
3,200

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 7032 Somerset Blvd.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Paramount

At least 358 Trulia users voted on each feature.

  • 89 % Say there are sidewalks

  • 79 % Say it's dog friendly

  • 73 % Say yards are well-kept

  • 69 % Say car is needed

  • 69 % Say there's holiday spirit

  • 67 % Say kids play outside

  • 66 % Say it's walkable to restaurants

  • 64 % Say streets are well-lit

  • 63 % Say it's walkable to grocery stores

  • 49 % Say it's quiet

  • 49 % Say they plan to stay for at least 5 years

  • 48 % Say people would walk alone at night

  • 48 % Say neighbors are friendly

  • 43 % Say parking is easy

  • 30 % Say there's wildlife

  • 26 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Chris071784
    "During Christmas we have the parade, we get Santa with his raiders and on Halloween we get house to decorate and lots of treat kids show up!"
    0
    Flag
  • Aaawoman71
    "There are always some type of community activity going on in the of Paramount. The city promotes family, community, and keeping Paramount dollars in Paramount. "
    0
    Flag
  • Pescadi123
    "Area is quiet. Homeless population is getting less. Less crime. Cleaner and move police presence. Nice stores."
    0
    Flag
  • Trulia User
    "The commute to down town is not that bad when traffic is moving but when traffic gets slow it takes time to get to your destination there should be be ways out of traffic "
    1
    Flag
  • Trulia User
    "My neighborhood is quiet safe very friendly neighbors I grew up living here my parents own a home here for over 20 years great for kids to ride there bikes and walk to school good school system and clean public transportation "
    2
    Flag
  • Mikortlbc
    "Nice clean and diverse area to live in. Schools and grocery stores are within a mile or 2 of my residence. No complaints here"
    1
    Flag
  • Samson A.
    "friendly neighbors everywhere. it is very common to see neighbors say a greeting while they either jugg or walk past."
    0
    Flag
  • Nicole.lopez374
    "Exercise park is in walking distance to where we live. Salud park and elementary school at the end of the block."
    2
    Flag
  • J0hnny1991
    "Dog owners like it here because the neighborhoods are for the most part, nice and safe. A lot of dog owners in this small town too "
    1
    Flag
  • Rocio D.
    "Close to the 105 fwy which makes it easy to commute to work, my mom's house and other cities I frequently visit "
    0
    Flag
  • Marcia N.
    "I live in Paramount and I love my neighborhood, everything is so close and you can find variety. It’s also calm "
    1
    Flag
  • Janneth S.
    "That is very quite and there a lot of neighbors support. They have meeting when something is going on to help each other. "
    0
    Flag
  • Shalleyyort61
    "It’s to quiet need more kids playing outside. I wish more liquor stores nearby and also police department "
    0
    Flag
  • Jenny S.
    "The schools are bad. Not a family friendly neighborhood. A lot of drugs at the park. One guy overdosed not too long ago. "
    3
    Flag
  • Jenny S.
    "There is a lot of residential mixed with commercial properties and the air quality is extremely poor. In Jan. 2019 the city sent out a letter saying it could cause birth defects and other things."
    4
    Flag
  • Gustavo G.
    "Pretty good community only that high school there are fights and parents don’t really do nothing about it but over all it’s good"
    2
    Flag
  • Ntly_chvz
    "There’s various parks around the neighborhood that are pet friendly. Trails that are also available for walks. "
    2
    Flag
  • Osoriajenny
    "We have a tree lighting ceremony every year. Santa Claus around and gives out apple’s and candy cane."
    1
    Flag
  • Maribel R.
    "Everything it’s great and there’s a lot people in the neighborhood who have dogs so no worries there "
    1
    Flag
  • Rose J.
    "It love it here and Salud park or great. I enjoy the free activities they have for the children on the holidays. "
    1
    Flag
  • Lyn C.
    "It’s improved alot since I lived here. Here kids are safe you can walk in the street in night or day"
    1
    Flag
  • Den O.
    "I’ve lived in this neighborhood all my life for 18 years. The area is relatively safe and definitely family-oriented. Small city, but closer relationships with neighbors as a result. "
    1
    Flag
  • Christina A.
    "the area is quiet and calm. When there are parties the neighbors don't must the noise the neighbor feel welcoming and shows you the ropes if you' allow it "
    0
    Flag
  • Karen G.
    "Some hood dogs running loose here and their but most people have them behind fences or see them on occasion during walks"
    0
    Flag
  • Lyn C.
    "Paramount got a lot better then how it was before. Neighbors talk to each other and look out for one another "
    0
    Flag
  • Mywae45
    "There are a lot of parks and outdoor spaces. I wish there was a dog park though. Family friendly neighborhood."
    0
    Flag
  • Leticia N.
    "Paramount Park events are very kid friendly and inviting. The city has really got cleaned up these past few months. City of Paramount is really growing and improving their streets."
    0
    Flag
  • Araceli G.
    "Paramount has a lot to offer for families. City events, access to public transportation, drive in theatre too!we love living here!"
    1
    Flag
  • Helga E.
    "Paramount is a nice city to live in, parks are well kept, streets are clean, and the community is friendly."
    0
    Flag
  • Helga E.
    "The rule is dogs should wear a harness or a leashes, some people forgets that and it's very annoying because I own a big dog and other dogs come to bother mine. "
    0
    Flag
  • William M.
    "good neighbors great place close to super markets , stores,gyms,parks good area for pet's no fights no drama "
    0
    Flag
  • Anonymous
    "To watch your kids because there is old people driving around starring at kids trying to take them.Do just be careful and watch your kids at all times."
    3
    Flag
  • Espinozadanny
    "Good schools, but High schools are sometimes overcrowded in long beach so you petition in a lottery to get you child in."
    0
    Flag
  • Tiffanylauren7489
    "The commute is fine it just the right amount of Traffic once you get used to it you know what times to leave and get on the freeway"
    0
    Flag
  • Brian R.
    "it's ok a bit crowded and parking sucks but not a bad place to live but there different parts of Paramount that are better especially for a family that needs space."
    0
    Flag

LGBTQ Local Legal Protections

Aaron Juarez, Coldwell Banker Icon
Agent Phone: (909) 917-8388
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. as of 2026-02-09 09:51:42 PST 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
7032 Somerset Blvd, Paramount, CA 90723 is a 8 bedroom, 5 bathroom, 2,400 sqft multi-family built in 1939. This property is currently available for sale and was listed by CRMLS on Jan 30, 2026. The MLS # for this home is MLS# CV26022273.