Paramount North of Somerset (RL) Real Estate

Paramount North of Somerset (RL) Real Estate

Welcome to Paramount, a hidden gem nestled in the heart of Los Angeles County, California. Known for its vibrant community and rich cultural tapestry, Paramount offers a unique blend of suburban charm and urban convenience. With a population of around 54,000 residents, this city is a melting pot of diverse cultures, making it a delightful place to live, work, and play.

One of the standout features of Paramount is its strategic location. Situated just minutes from major freeways, residents enjoy easy access to the bustling cities of Los Angeles and Long Beach, while still relishing the peace and tranquility of suburban life. The city boasts a variety of parks, recreational facilities, and community events, providing ample opportunities for outdoor activities and family gatherings.

Paramount is also home to a thriving local economy, with a mix of retail, dining, and entertainment options that cater to all tastes. From charming cafes to vibrant shopping districts, there’s something for everyone. The city is committed to fostering a strong sense of community, hosting events like the annual Paramount Summer Concert Series and the lively Fourth of July Parade, which bring residents together in celebration.

Education is a priority in Paramount, with several well-regarded schools and educational programs that cater to children of all ages. Families will find a welcoming environment that encourages growth and learning.

In Paramount, you’ll discover a community that embraces diversity and offers a high quality of life. Whether you’re looking to settle down or invest, this dynamic city promises a bright future and endless possibilities. Come explore the warmth and charm of Paramount, California!

Newest Listings in Paramount North of Somerset (RL)

7321 Richfield Street, Paramount
$1,995,000
CV26227051 MLS ⋅ Active Status
Just Listed! Exceptional opportunity to acquire a 7-unit multifamily property in the city of Paramount, featuring a desirable combination of three detached single-story Cottages and a two-story Fourplex. Delivering an attractive 6% current CAP Rate and 11.26 GRM, this investment offers strong day-one cash flow, spacious floor plans, and a unique residential setting that distinguishes it from traditional apartment properties. Situated on a generous 18,708 sq. ft. lot, the property features an excellent unit mix consisting of one 3-Bedroom/1-Bath detached cottage with a 2-car garage, two 2-Bedroom/1-Bath cottages with attached garages, and four 2-Bedroom/1-Bath units within the fourplex. Totaling approximately 6,826 rentable square feet, the property's large units and detached cottage configurations offer added privacy and appeal to discerning renters seeking more spacious living accommodations. Residents enjoy desirable amenities including private yards, individual laundry hookups, and ample onsite parking. The property has also benefited from improvements including copper plumbing and updated interiors, while air conditioning in all units provides additional comfort and convenience. Ideally located in Paramount with convenient access to the 105, 710, 605, and 91 freeways, the property offers excellent connectivity to surrounding employment centers and is situated near schools, parks, shopping, and dining. Combining strong current cash returns, a desirable mix of detached cottages and apartment units, substantial land area, and an excellent location, this offering presents an outstanding opportunity for investors seeking a well-positioned multi-family asset with lasting rental appeal.

7321 Richfield Street, Paramount

6526 San Miguel, Paramount
$825,000
4 Beds ⋅ 2 Baths ⋅ CV26215396 MLS ⋅ Active Status
First time on the market since 2001! Beautifully maintained duplex in Paramount offering an excellent opportunity for an investor or owner-user looking for flexibility and rental income potential. The property features two separate 2-bedroom, 1-bathroom units, each equipped with its own mini-split AC system and private washer and dryer. The front unit is currently occupied by a month-to-month tenant who has a strong history of paying rent on time, while the rear unit will be delivered vacant, providing an immediate opportunity for an owner-user or new tenant. The rear unit also offers additional flexibility, with a laundry room that may provide the potential to create a third bedroom, subject to the buyer verifying permits, zoning, and all applicable city requirements. The property includes two separate driveways, with dedicated driveway access on each side of the property, providing convenient parking for both units. The spacious backyard also features two storage sheds for additional storage. Toward the rear of the property is an additional permitted bonus structure. With its long-term ownership history, well-maintained condition, separate utilities/amenities, existing rental income, vacant rear unit, and multiple opportunities for future improvements, this property offers a unique opportunity in Paramount. A rare offering that has been lovingly maintained and is now ready for its next owner.

6526 San Miguel, Paramount

7319 Cortland Avenue, Paramount
$925,000
4 Beds ⋅ 2 Baths ⋅ 26990697 MLS ⋅ Active Status
NEEDS WORK, ADU APPROVED! GREAT POTENTIAL! Located in a nice neighborhood of Paramount, this 2,728 sq. ft. home is situated on a 9,814 sq. ft. lot. This lovely and peaceful one-story ranch-style home has 4 bedrooms, 2.5 bathrooms, and many great features. Entrance into the huge, spacious living room offers Flagstone flooring, a wood-burning fireplace with mantel, and upgraded windows that allow the sun to radiate within and exude warmth and comfort throughout the home. Truly unique, the "elevated" dining room is adorned with a picture-like window that overlooks the living room and a window that has a view of the backyard. This step-up level gives you access to a dining room, spacious bedrooms and bathrooms. Both bathrooms require some work. Directly outside of the large Master bedroom, there is a study/library or sitting/resting area and a single back bonus bedroom with a small bathroom. A convenient inside laundry room that offers a "tankless" water heater and washer and dryer hookups. The kitchen features 2 skylights, which let in plenty of light. A center island with a cutting board, lots of cabinet space, a pantry, a dishwasher, and 2 sliding glass doors that lead to the driveway, garage, and big backyard with lush green grass and Orange and Lemon trees. The outside area is perfect for fun, entertaining, and relaxation. The front and rear yards are completely fenced for privacy. The gated backyard has an alley entrance, with ample parking for an SUV and parking for 4 cars in the driveway. The 2-car garage has been renovated. This property is being sold "AS IS!" The seller is extremely motivated and will consider all reasonable offers.

7319 Cortland Avenue, Paramount

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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