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    3-Unit Multifamily with Garage Conversion
    Updated: Jul 22
    3-Unit Multifamily with Garage Conversion

    7032 Somerset, Paramount, CA 90723

    $1,000,000
    3‑unit multifamily built in 1939 in Paramount.
    Unit mix includes a front 3 bed / 1 bath unit.
    Additional units include a 2 bed / 1 bath unit and a 2 bed / 2 bath unit.
    Includes a garage conversion 1 bed / 1 bath unit that has been rented for years (buyer to verify permitting).
    Current rent is $1,500 for the garage conversion, noted as not included in the rents on the unit info page.
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    See what stands out in Los Angeles County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Paramount, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Four-Unit Property
    Mixed-Use Four-Unit Property

    1212 E Rosecrans Ave, Compton, CA 90221

    $849,000
    2,628 sqft 0.11 AC lot

    Combines a storefront with three gated residential units, including one refreshed apartment.

    View details
    Four-Unit Multifamily Investment Property
    Four-Unit Multifamily Investment Property

    6645 N Hammond Ave, Long Beach, CA 90805

    $1,250,000
    3,000 sqft 0.12 AC lot

    Built in 1959, this four-unit multifamily offers two-bed, one-bath units with in-unit laundry hookups and surface parking.

    View details
    Long Beach Multifamily Investment
    Long Beach Multifamily Investment

    246 E Hullett Street, Long Beach, CA 90805

    $1,245,000

    Four-unit apartment building in vibrant Long Beach, California.

    View details
    Compton Fourplex in Prime Location
    Compton Fourplex in Prime Location

    1631 E Saunders, Compton, CA 90221

    Contact for pricing

    Fourplex in prime rental market near a great park.

    View details

    Paramount, CA Quadplexes Market Trends and Statistics

    Explore 1 quadplexes for sale in Paramount, CA on our real estate platform.

    Sale prices for four-unit buildings in Paramount, CA average $1,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 10
    Apartment buildings 4
    Mobile home & RV parks 2
    Triplexes 2
    Quadplexes 1

    Demographics Overview

    Population 53K
    Population Growth (5Y) -4.1%
    Median Household Income $70,912
    College Educated 16.5%

    High-Yield Neighborhoods for Investment

    Identify Paramount submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    90723 $1M

    Taxes & Financing

    Tax Rate (average for all types) 1.41%
    Property Tax per SF $13.23 per SF
    Tax Rate vs County Average 0.18 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Los Angeles County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Los Angeles County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Paramount fall within the 25,000 to 50,000 square foot range.

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