7042 Somerset Boulevard
$1,770,000
9
6
4,497
4,497
$394
Description
The spacious 11,330 square foot lot features four separate buildings, including a two-bedroom house, a triplex, and two bungalows. Overall, the majority of the units contain two bedrooms while the parcel features ample on-site parking. The property is not subject to Los Angeles rent control, allowing the owner to institute higher annual rent increase via AB 1482. The current owner has completed several interior and exterior upgrades at the property, including new exterior paint, new flooring, and...The spacious 11,330 square foot lot features four separate buildings, including a two-bedroom house, a triplex, and two bungalows. Overall, the majority of the units contain two bedrooms while the parcel features ample on-site parking. The property is not subject to Los Angeles rent control, allowing the owner to institute higher annual rent increase via AB 1482. The current owner has completed several interior and exterior upgrades at the property, including new exterior paint, new flooring, and new modern cabinets. The one-bedroom bungalow was constructed in 2022 and features new modern fixtures throughout. A RUBS program has been instituted at the property, helping to provide an additional revenue stream for the owner. Situated near the intersection of Somerset Boulevard and Orange Avenue, the location provides high visibility to prospective tenants and also allows for convenient access to the 91, 105, and 710 Freeways. Tenants can easily commute to some of the large industrial centers in Paramount and neighboring cities, which employ many residents in the area.
- Listed by Roderick 'Rick' Raymundo • DRE #01357019 • Brokerage DRE #01238010 • Marcus & Millichap
- Listed by Oscar Diaz • DRE #02022902 • Brokerage DRE #01238010 • Marcus & Millichap
Property Details for 7042 Somerset Boulevard
Zoning
PARM*
Parcel Number6240002003
Total Units6.0
Living Area4497
Source Living AreaAssessor
AreaParamount South of Somerset (RK)
Vacancy Rate0
Lot Size Area11329
LISTING UPDATED: 12/10/2024 12:01 AM
Property Details for 7042 Somerset Boulevard
Status | Active |
---|---|
MLS # | 24-468381 |
Days on Market | 17 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1934 |
Lot Size | 0.26 AC / 11,329 SF |
County | Los Angeles County |
Building Information for 7042 Somerset Boulevard
Stories2Residences-Year Built1934Building Size-Lot Size0.26 AC / 11,329 SF
Property Information for 7042 Somerset Boulevard
Property History for 7042 Somerset Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 7042 Somerset Boulevard
Taxable ValueLand$604,720Additions$494,282Total$1,099,002
Tax Record2024$14,959 ($1,247 / month)
Home Facts
Total Finished SqFt3,917 SqFtAbove Grade Finished SqFt3,917 SqFtLot Size11,329 SqFtStyleMulti-Family Res (5+ Units)Year Built1934ZoningPARM*CountyLOS ANGELESAPN6240-002-003
Schools near 7042 Somerset Boulevard
This home is within Paramount Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Mark Keppel School PublicK to 5 | ||
Frank J. Zamboni School Public6 to 8 | ||
Buena Vista High School Public9 to 12 | ||
Paramount High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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