Property profile

7015 Somerset Blvd Paramount, CA 90723

OFF-MARKET
Retail space
Property ID
US09-6395477
1,848 SF 0.13 ac lot Built 1951
Individually Owned 4-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1951
Total area 1,848 SF
Lot 0.13 ac (5,539 SF)
Zoning code PAC3*
APN 6237-001-046
UPID US09-6395477

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Restaurant
  • Restaurant
  • Bakery Specialty Food Shop

Location

7015 Somerset Blvd Paramount, CA 90723-3903
Paramount metro Census 553701 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
$630k
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

since 2022
7 recorded transactions
2022
Price N/A
2022
Price N/A
1994
Price N/A
1991
Price N/A
1988
$125,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

PAC3* · Paramount, CA
Top alternative use upside
Auto repair, garage $855,000 +20.7%
Medical building $840,000 +18.6%
Office building $830,000 +17.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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