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8407 Somerset Boulevard

Paramount, CA 90723
  • $725,000
  • STATUS: Active Under Contract
  • ON SITE: 10 Days
  • ID#: OC21221784
Under Contract
UPDATED: 46 min ago
$725,000
  • 0
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
2021
County:

School Ratings & Info

Description

Developers Dream!! Amazing Investment Opportunity with fully permitted plans to make this property a 4-unit money maker!! After construction the projected income is over $12,000 per month. Current plans will allow for over 4600 s.f. of living space. There is currently a remodeled 2-bedroom 1 bath house on the property and plans are provided to build a 2017 s.f. 4-bedroom (with optional 5th bedroom) house, another 1200 s.f. 3-bedroom unit and a third unit with 2 bedrooms at 746 s.f. Located in a great area of Paramount on a beautiful tree lined street, take advantage now and make this property something special.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-17T00:26:10.927. 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 deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
www.theparsonsrealestateteam.com/homes/122157729
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8407 Somerset Boulevard Paramount, CA 90723

  • Price: $725,000
  • Status: Active Under Contract
  • Updated: 46 min ago
  • ID#: OC21221784
0
Beds
0
Baths
0
½ Baths
0.21
Acres
2021
Built
Neighborhood:
RL - Paramount North of Somerset
County:
Los Angeles
Area:
RL - Paramount North of Somerset
Property Description
Developers Dream!! Amazing Investment Opportunity with fully permitted plans to make this property a 4-unit money maker!! After construction the projected income is over $12,000 per month. Current plans will allow for over 4600 s.f. of living space. There is currently a remodeled 2-bedroom 1 bath house on the property and plans are provided to build a 2017 s.f. 4-bedroom (with optional 5th bedroom) house, another 1200 s.f. 3-bedroom unit and a third unit with 2 bedrooms at 746 s.f. Located in a great area of Paramount on a beautiful tree lined street, take advantage now and make this property something special.
Exterior Features

Lot Features Front YardValue In LandYard Number Of Separate Electric Meters 4 Parking Features Driveway Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No View None View YN No

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Interior Features All Bedrooms Down

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Sidewalks Garage YN No Gross Income 144000 Gross Scheduled Income 144000 Insurance Expense 3000 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 94000 New Construction YN Yes Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Operating Expense 50000 Property Sub Type Single Family Residence Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 2000 Water Source Public Zoning 3407 SOMERSET

Listing provided courtesy of Ty Loosmore of South Coast Realty


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-17T00:26:10.927. 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 deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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The Parsons Team | Keller Williams Realty
251 S. Lake Ave #150
Pasadena CA, 91101