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    Property profile & analytics

    7015 Somerset Blvd Paramount, CA 90723-3903

    • Retail space
    • 1,848 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Last Sale
    Jun 24, 2022
    Location Intelligence
    Property ID
    US09-6395477
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Zocalo Money Services / Atm
    • Tortas Chingonas / Mexican Restaurant
    • Los 2 Kuinitos / Restaurant
    • Adriana's Bakery / Bakery

    Property Details for 7015 Somerset Blvd

    Year built
    1951
    Lot size
    0.13 lot acres
    Property size
    1,848 SF
    Zone code
    PAC3*
    Property type
    Retail space
    APN
    6237-001-046
    APU
    6237001046

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $360,000
      6.5%
      $340,000
      7%
      $385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $325,000
      Geo Method
      $355,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $355,000
      Retail
      $405,000
      Mixed-Use
      $360,000
      Hospitality
      $405,000
      Educational
      $340,000
      Residential Income
      $370,000
      Energy
      $320,000
      Income-Based Land
      $385,000
      Food Service
      $375,000

    Location Insight

    • Map
    • Local Demand
    City
    Paramount
    County
    Los Angeles
    State
    California
    Longitude
    -118.177
    Latitude
    33.8966
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $12,253
    $468,180
    $243,453
    $711,633
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      8,930 SF

      16412 Orange Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,930 SF
      16412 Orange Ave, Paramount, CA 90723-4849
      View Details
    • Value Estimation by Request
      9,875 SF

      15526 Paramount Blvd

      RETAIL STORES (PERSONAL SERVICES) • 9,875 SF
      15526 Paramount Blvd, Paramount, CA 90723-4375
      View Details
    • Value Estimation by Request
      4,500 SF

      15514 Paramount Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      15514 Paramount Blvd, Paramount, CA 90723-4331
      View Details
    • Value Estimation by Request
      5,882 SF

      8055 Rosecrans Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,882 SF
      8055 Rosecrans Ave, Paramount, CA 90723-2699
      View Details
    • Value Estimation by Request
      9,233 SF

      8505 Rosecrans Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,233 SF
      8505 Rosecrans Ave, Paramount, CA 90723-3669
      View Details
    • Value Estimation by Request
      4,444 SF

      8809 Alondra Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,444 SF
      8809 Alondra Blvd, Paramount, CA 90723-4603
      View Details

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      Paramount Retail Space For Lease

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    Similar Nearby for Lease

    • $1.95 SF/Yr
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      Retail Space For Lease

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    • $10 SF/Yr
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      Farmers Market Plaza: Multi-Use Space

      Prime Paramount location; versatile warehouse & retail space.
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    • $3,600 /Mo

      Remodeled Retail Space in Paramount

      Remodeled retail space in Paramount with excellent signage potential.
      8329 Alondra Blvd, Paramount, CA 90723
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    • New
      $1,750 /Mo
      650 SF

      Remodeled Commercial Space in Paramount

      Recently remodeled commercial space ideal for retail, restaurant, or office.
      15514 Paramount Blvd, Paramount, CA 90723
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    • $2 SF/Yr
      960 SF

      Retail Space For Lease

      Retail space available for lease in Paramount, CA.
      15134 Paramount Blvd, Paramount, CA 90723
      View Details
    • Contact for pricing

      Fully Leased Retail Property

      Retail property in Paramount, CA, currently 100% leased.
      8111 Rosecrans Ave, Paramount, CA 90723
      View Details
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    7015 Somerset Blvd
    Paramount, CA 90723-3903
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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