7121 Somerset Blvd, Paramount, CA 90723-3905
- Auto shops
- 3,200 SF
- 0.13 lot acres
Current Use by Public Records
- Big 4 Transmissions / Auto Repair Shop
- UNITED AUTO Engine & Transmissions / Auto Repair Shop
Property Details for 7121 Somerset Blvd
- Year built
- 1962
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.13 lot acres
- Zone code
- PAC3*
- Property type
- Auto shops
- APN
- 6241-030-034
- APU
- 6241030034
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 12, 2021 | $900,000 | Romeo Herrera | Lili Chang | Grant Deed | — |
| Jul 13, 2016 | — | Lili Chang | Chang,jack & Lili | Quit Claim Deed · related | — |
| Jul 7, 2016 | $575,000 | Jack Chang | Mckee R L & S L Trust | Grant Deed | — |
| Jan 15, 2016 | $575,000 | Jack Chang | Russell L Mckee | Grant Deed | $375k · Open Bank |
| Jun 3, 2004 | — | Mckee,tr | Mckee,russell L & Sharon K | Quit Claim Deed · related | — |
| Jul 9, 2003 | — | Russell L Mckee | Mckee,russell L | Quit Claim Deed · related | — |
| Sep 1, 1994 | — | Mckee Russell J Co Tr | — | Deed Of Trust · related | — |
| Nov 12, 1993 | — | Mckee,edith M Tr | — | Deed Of Trust · related | — |
| Nov 8, 1993 | — | Edith M Mckee | — | Deed Of Trust · related | — |
Description
This exceptional investment opportunity presents a thriving auto mechanic business, complete with equipment, situated on a substantial 0.38-acre lot in Paramount, California. The property encompasses a generous 4,118 square feet of retail space, perfectly suited for continued operation as an auto repair facility or potential redevelopment. Included in the sale are all existing lifts and equipment, representing a significant value-add for the buyer. The property's strategic location on Somerset Boulevard offers excellent visibility and accessibility, ensuring a strong customer base. The sale includes three separate parcels, providing flexibility and potential for future expansion or development. This turnkey operation is ideal for an owner-occupant seeking a profitable business venture with immediate income potential. The asking price of $1,800,000 reflects the property's strong potential for return on investment. The existing business infrastructure and equipment significantly reduce the start-up costs associated with establishing a similar operation. This is a rare opportunity to acquire a well-established business and prime real estate in a desirable location. Serious inquiries are encouraged to explore this lucrative investment opportunity further. All aspects of the property are sold "as is."
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,100,000
- ML approach
- $1,025,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $858,000
Market price range: $640k - $2.72M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,480,000 Current use
- MEDICAL BUILDING
- $1,455,000 Change: -2% Conversion: Difficult
- OFFICE BUILDING
- $1,435,000 Change: -3% Conversion: Difficult
- RETAIL STORES
- $1,225,000 Change: -17% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Paramount
- County
- Los Angeles
- State
- California
- Longitude
- -118.174
- Latitude
- 33.8966
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
