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7042 Somerset Blvd
Paramount, CA 90723
Not Subject to LA Rent Control | 6.01% CAP · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Not Subject to Los Angeles Rent Control – Higher Allowable Rent Increases Under AB 1482
- Attractive Current 6.01% CAP Rate and 10.81 GRM
- RUBS in Place to Generate Additional Income for Owner
- Excellent Unit Mix – Mostly Two-Bedroom Units, Including Multiple Bungalows
- Washer/Dryer Hookups in Most Units
- No Seismic Retrofit Repairs Required (Buyer to Verify)
Property Facts
| No. Units | 6 | Lot Size | 0.26 AC |
| Property Type | Multifamily | Building Size | 4,497 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1934/1962 |
| Building Class | C | Parking Ratio | 1.78/1,000 SF |
| Zoning | PARM | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 4,497 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1934/1962 |
| Parking Ratio | 1.78/1,000 SF |
| Zoning | PARM |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,255 | 400 |
| 1+1 | 1 | $1,760 | 500 |
| 2+1 | 4 | $2,263 | 875 |
Property Taxes
| Parcel Number | 6240-002-003 | Improvements Assessment | $504,167 |
| Land Assessment | $616,814 | Total Assessment | $1,120,981 |
Property Taxes
Parcel Number
6240-002-003
Land Assessment
$616,814
Improvements Assessment
$504,167
Total Assessment
$1,120,981
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