8001-8017 Somerset Blvd
Paramount, CA 90723
Retail Property For Sale

Located at the NEC of Paramount Boulevard and Somerset Boulevard. The property consists of 11,150 SF situated over two parcels totaling just under 17,000 Square feet. The center is well parked, with excellent visibility, and has great curb appeal. The property is fully occupied with five retail tenants and four large apartment units. The largest tenant, Tequila Ranch Liquor, is on a NNN lease, while all other retail tenants are on Gross Leases. The upstairs levels of the property consist of 4 large residential units. 8001-8007 Somerset Boulevard offers a rare opportunity for an investor to own at a high traffic, signalized corner location with traffic counts of approximately 42,195 cars per day with high foot traffic due to Paramount High School Campuses who enroll over 4,742 students. Priced at 313/ SF and a 5% Cap Rate this offering ensures investors a steady return with upside potential for the future. Paramount is part of the Greater Los Angeles and is bordered b yCompton and Lynwood to the west,South Gate and Downey to the north, Bellflower to the east and south, And Long Beach to the south.