Property profile

7023 Somerset Blvd Paramount, CA 90723

OFF-MARKET
Retail space
Property ID
US09-6395479
1,202 SF 0.12 ac lot Built 1988
Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1988
Construction TILT-UP CONCRETE
Total area 1,202 SF
Lot 0.12 ac (5,307 SF)
Zoning code PAC3*
APN 6237-001-054
UPID US09-6395479

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
  • (Bike/Boat/Book/etc) Store Cosmetic Store

Location

7023 Somerset Blvd Paramount, CA 90723-3903
Paramount metro Census 553701 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$730k
CAP Approach CAP
by Request
Comparable Approach Comparable
$740k
Blend (final) Blend
$675k

Owner & transaction history

since 2023
Last sale
$690,006
3 recorded transactions
2023
$690,000
2019
$550,000
2012
Price N/A

Zoning & alternative use

PAC3* · Paramount, CA
Top alternative use upside
Neighborhood: shopping center $730,000 +58.8%
Auto repair, garage $555,000 +20.7%
Medical building $545,000 +18.6%

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 7023 Somerset Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message