Paramount South of Somerset (RK) Homes with Quadruplex Subtype

Paramount South of Somerset (RK) Homes with Quadruplex Subtype

Welcome to Paramount, California, a vibrant city nestled in the heart of Los Angeles County. Known for its rich cultural diversity and community spirit, Paramount offers residents a unique blend of urban convenience and suburban charm. Just a stone's throw from bustling Los Angeles, this city is perfectly positioned for those seeking a dynamic lifestyle without sacrificing the comfort of home.

One of the standout features of Paramount is its diverse housing market, particularly the quadruplex homes that cater to both investors and families alike. Quadruplex properties provide a fantastic opportunity to own multiple units within a single building, making them an ideal choice for those looking to generate rental income while enjoying the benefits of homeownership. These homes typically feature four distinct living spaces, allowing for flexibility in living arrangements—perfect for multi-generational families or those seeking to offset their mortgage with rental income.

Living in Paramount means enjoying easy access to a plethora of amenities, including parks, shopping centers, and a variety of dining options. The city is well-connected by major highways and public transportation, making commuting to Los Angeles and surrounding areas a breeze. With a strong sense of community and a range of recreational activities, Paramount is not just a place to live; it’s a place to thrive.

Whether you’re a first-time homebuyer, an investor looking to expand your portfolio, or simply seeking a vibrant community to call home, the quadruplex homes in Paramount offer an exceptional opportunity to embrace the best of Southern California living. Discover your future in this charming city today!

Newest Paramount South of Somerset (RK) Homes with Quadruplex Subtype

7307 Motz, Paramount
$1,349,000
RS26221674 MLS ⋅ Active Status
4 DETACHED HOMES + MAJOR DEVELOPMENT POTENTIAL Rare value-add investment opportunity featuring four detached residences plus approximately 4,600 square feet of additional land at the rear of the property. With below-market rents, month-to-month tenants and significant development potential, this property offers an investor multiple paths to increase income and long-term value. The existing property consists of: • 2 Bedroom / 1 Bath + Garage • 3 Bedroom / 1 Bath • 1 Bedroom / 1 Bath + 1-Car Garage • 2 Bedroom / 1 Bath + Garage All four residences are currently rented below market, with tenants on month-to-month agreements, providing potential for increased rental income over time, subject to applicable laws and tenant protections. THE REAL OPPORTUNITY IS IN THE DEVELOPMENT POTENTIAL According to information provided by the City, an owner may have two potential development strategies to explore. Option 1 – Maintain the Detached Configuration Leave the four existing residences detached and potentially develop an ADU of up to approximately 1,200 square feet on the rear portion of the property, with the potential for its own garage and private yard. Option 2 – Explore a Larger Development Plan According to information provided by the City, by connecting the existing residences with a relatively simple block-wall configuration and satisfying applicable City requirements, there may be an opportunity to develop up to eight additional units on the property. This creates a unique opportunity for an investor or developer: continue operating the existing four residences while improving rents over time, add a large ADU while maintaining the detached-home configuration, or investigate a more substantial development plan that could dramatically increase the property's unit count and income potential. Four existing detached residences. Below-market rents. Month-to-month tenants. Approximately 4,600 square feet of additional land. Potential for a 1,200-square-foot ADU or a larger development of up to eight additional units. Buyer to independently verify all zoning, development, ADU, density, parking, utility and construction requirements with the City of Paramount and appropriate governmental agencies. No representation or guarantee is made regarding final development approval.

7307 Motz, Paramount
7032 Somerset, Paramount
$1,000,000
CV26160176 MLS ⋅ Active Status
Exceptional value-add opportunity in the heart of Paramount. This well-maintained 3-unit multifamily property with a bonus garage conversion offers strong in-place income with significant upside rent potential. The building has been consistently cared for over the years and features stable, paying tenants, providing immediate cash flow while allowing an investor to strategically increase returns over time. Rents are currently below market, creating a clear path for income growth through gradual rent adjustments and operational optimization. The property shows pride of ownership with minimal deferred maintenance, making it ideal for investors seeking a low-risk asset with upside rather than a heavy rehab project. Front unit 3 bed 1 bath 2nd unit 2 bed 1 bath 3rd unit 2 bed 2 bath 4th unit 1 bed 1 bath garage conversion (not sure if permitted, buyer to do due diligence) garage is converted and done in workmanlike manner and has been rented for years. Current rent is $1500 which is not included in the rents on unit info page With solid fundamentals, long-term tenancy, and future appreciation potential, 7032 Somerset is a compelling opportunity for investors looking to enhance yield in a strong rental market.

7032 Somerset, 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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