Automotive Building with Vehicle
New
For Sale
$1,750,000
7121 Somerset Blvd, Paramount, CA 90723
Vacant commercial property with automotive equipment and convenient freeway access.
Property Size4,118 SF
Days on Market3
Property Features for 7121 Somerset Blvd
General Information
Standard status
Active
Size
4,118 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
4,118 SF
Year Built
1947
Buildings
1
Listing Agency:
(626) 573-2333
Listed By:
ASHLEY TANG · License #01937309
(626) 573-2333
Source:
Elliman
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 19 at 11:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ASHLEY TANG
Investment Insights
Based on property information with market context.
This automotive property includes the full building and underlying land, with two vehicle lifts, extensive automotive equipment, and selected inventory included in the sale. The premises will be vacant at closing, allowing the next owner to determine its operating format.
The property is located at 7121 Somerset Blvd in Paramount, California, on a main thoroughfare with access to the 710 Freeway. The offering combines three APNs, providing a single acquisition that includes the building, land, equipment, and inventory. The structure was built in 1947.
The property is located at 7121 Somerset Blvd in Paramount, California, on a main thoroughfare with access to the 710 Freeway. The offering combines three APNs, providing a single acquisition that includes the building, land, equipment, and inventory. The structure was built in 1947.
Key Highlights
- Two vehicle lifts included with the property
- Three APNs conveyed together as one offering
- Automotive equipment and selected inventory included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$91,109
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,822,180
$1.8M
Cap Rate 7%
$1,301,557
$1.3M
Cap Rate 9%
$1,012,322
$1.0M
Market Conditions
NOI Build-Up for 4,118 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$139.4K $33.84/SF
− Vacancy
−$9.2K −$2.23/SF
EGI
$130.2K $31.61/SF
− OpEx
−$39.0K −$9.48/SF
NOI
$91.1K $22.12/SF
Area
Los Angeles County, CA
Vacancy
6.60%
Lease Rate
$33.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,822,180
Cap Rate 7%
$1,301,557
Cap Rate 9%
$1,012,322
Alternative Uses
Best Use
Retail
$1.30M
$1.14M – $1.52M
NOI $91,109 @ 7.0% cap · market cap 5.21%
Second Best
Industrial
$687.5K
$601.5K – $802.1K
NOI $48,123 @ 7.0% cap · market cap 2.75%
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,333 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,311
Businesses Nearby
22k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Dining 47%
Family Dollar
Shops & Services
11,430 visits/mo
0.4 miles
Little Caesars Pizza
Dining
10,107 visits/mo
0.5 miles
Demographics for 90723, CA
53,770
Population
14,585
Households
3.7
Avg Household Size
33
Median Age
13%
College-Educated
66%
High-School Grad
4.7 sq mi
ZIP Area
11,440
Density / Sq Mi
$70,912
Median Household Income
$35,032
Median Earnings
$1,772
Median Rent
$500,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- All American Wheels — 16200 Garfield Ave, Paramount, CA 90723
Frequently Asked Questions
What type of property is this?
Auto shop - Vacant commercial property with automotive equipment and convenient freeway access.
Where is this auto shop located?
The property is located at 7121 Somerset Blvd Paramount, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two vehicle lifts included with the property; Three APNs conveyed together as one offering; Automotive equipment and selected inventory included
