Automotive Building with Vehicle
For Sale
$1,700,000
7121 Somerset Boulevard, Paramount, CA 90723
Vacant commercial property with automotive equipment and convenient freeway access.
Property Size4,118 SF
Days on Market52
Property Features for 7121 Somerset Boulevard
General Information
Standard status
Active
Size
4,118 SF
Property subtype
Business
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
4,118 SF
Year Built
1947
Buildings
1
Listing Agency:
HANDFORE REALTY CORP.
Listed By:
ASHLEY TANG · License #01937309
(626) 573-2333
Source:
Truthrealty
Added: Aug 17
Changed: Oct 1
Last Checked: Oct 7 at 3:59PM
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 HANDFORE REALTY CORP.
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 / Yr
$91,109
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
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
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 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 5.36%
Second Best
Industrial
$687.5K
$601.5K – $802.1K
NOI $48,123 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$2.20M
$1.93M – $2.57M
NOI $154,333 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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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 Boulevard Paramount, CA.
What is the asking price?
The asking price for this property is $1,700,000.
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
