7233 Somerset Blvd 19 Unit Apartment Building Offered at $2,300,000 at a 6.90% Cap Rate Paramount, CA 90723

Martinez & Associates, Inc.? is pleased to present the opportunity to acquire Trailerland Trailer Park, a dense infill rental community consisting of 19 income-producing sites in the City of Paramount, California.? Located approximately 12 miles southeast of Downtown Los Angeles, the property offers investors a stable, cash-flowing asset in one of the most supply-constrained housing markets in Southern California.?
Originally developed in 1949, Trailerland is situated on 0.44 acres and consists of 17 permitted mobile home sites, one apartment unit, and one single-family residence.? The community has demonstrated strong historical occupancy and currently has only one vacancy, which is expected to be filled shortly.? With its affordable housing profile and strategic Los Angeles Basin location, Trailerland serves as an attractive housing option for residents seeking convenient access to nearby employment centers, local amenities, and major destinations throughout Los Angeles and Orange County.?
The property is serviced by city water and city sewer, helping provide reliable utility infrastructure and minimizing operational concerns.? Electricity and water are master-metered for the trailer units and included in monthly rent, while trash and sewer are also included for those residents.? Trailer units utilize individual propane tanks.? The apartment and single-family residence have separate utility meters and are billed directly by the utility providers.? All tenants are currently on month-to-month rental agreements, offering future flexibility for ownership.?
Trailerland Trailer Park represents a compelling investment opportunity for buyers seeking stable in-place income, strong occupancy history, continued rental upside, and long-term appreciation potential in the thriving Los Angeles Basin market.?