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8407 Somerset Blvd, Paramount, CA 90723
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8407 Somerset Blvd Paramount, CA 90723

$777,000 Sold Price as of 12/21/2021
  • 48 Beds
  • 0 Baths
  • 4,613 Sq.Ft.
Sold
$777,000 Sold Price as of 12/21/2021 Refinance Your Mortgage
Map preview of 8407 Somerset Blvd, Paramount, CA 90723

Property Overview: 8407 Somerset Blvd Paramount, CA has 48 bedrooms, -- bathrooms, 4,613 living square feet and 9,035 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Ty Loosmore | BRE #01302162 | South Coast Realty
Last checked: 6 minutes ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 5

Home details

Lot Sq. Ft
9,035
HOA Dues
$0/mo
Year built
2021
Garage
--
Property Type:
Single Family Home
Status
Sold
MLS#
OC21252960
City
Paramount
County
Los Angeles
Time on Site
879 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 4
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 12
  • # of Baths: 0
  • Garage Spaces: 4
  • Garaged Attached? No
  • Total Rent: $0
  • Pro Forma/Market Rent: $12,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $144,000
  • Net Operating Income: $94,000
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $50,000
  • Trash: $2,000
  • Insurance: $3,000

Property Details for 8407 Somerset Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • All Bedrooms Down
Interior Features
  • Levels: One
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Front Yard, Lot 6500-9999, Value In Land, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 6241007025
  • Year Built Source: See Remarks
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: From 91 freeway, exit Lakewood go North, go East on Somerset.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Paramount Agent

Sale History for 8407 Somerset Blvd

Last sold for $777,000 on December 21st, 2021

  • December, 2021

  • Dec 22, 2021

    Date

    Sold

    CRMLS: OC21252958

    $777,000

    Price

  • Nov 27, 2021

    Date

    Active Under Contract

    CRMLS: OC21252958

    $777,000

    Price

  • Nov 21, 2021

    Date

    Active

    CRMLS: OC21252958

    $777,000

    Price

  • Listing provided courtesy of CRMLS

    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. Seller may consider carrying 10% as a second loan.

  • December, 2021

  • Dec 22, 2021

    Date

    Sold

    CRMLS: OC21252956

    $777,000

    Price

  • Nov 27, 2021

    Date

    Active Under Contract

    CRMLS: OC21252956

    $777,000

    Price

  • Nov 21, 2021

    Date

    Active

    CRMLS: OC21252956

    $777,000

    Price

  • Listing provided courtesy of CRMLS

    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. The seller will carry upto 10% as a second.

  • November, 2021

  • Nov 27, 2021

    Date

    Active Under Contract

    CRMLS: OC21252960

    $777,000

    Price

  • November, 2021

  • Nov 21, 2021

    Date

    Canceled

    CRMLS: OC21221784

    $725,000

    Price

  • Oct 7, 2021

    Date

    Price Change

    CRMLS: OC21221784

    $725,000

    Price

  • Listing provided courtesy of CRMLS

  • November, 2021

  • Nov 21, 2021

    Date

    Canceled

    CRMLS: OC21185799

    $725,000

    Price

  • Oct 7, 2021

    Date

    Price Change

    CRMLS: OC21185799

    $725,000

    Price

  • Sep 22, 2021

    Date

    Price Change

    CRMLS: OC21185799

    $839,900

    Price

  • Sep 12, 2021

    Date

    Price Change

    CRMLS: OC21185799

    $870,000

    Price

  • Aug 22, 2021

    Date

    Active

    CRMLS: OC21185799

    $888,000

    Price

  • Listing provided courtesy of CRMLS

  • October, 2021

  • Oct 7, 2021

    Date

    Price Change

    CRMLS: OC21185855

    $725,000

    Price

  • Sep 22, 2021

    Date

    Price Change

    CRMLS: OC21185855

    $839,900

    Price

  • Sep 12, 2021

    Date

    Price Change

    CRMLS: OC21185855

    $870,000

    Price

  • Aug 23, 2021

    Date

    Active

    CRMLS: OC21185855

    $888,000

    Price

  • Listing provided courtesy of CRMLS

  • September, 2021

  • Sep 22, 2021

    Date

    Price Change

    CRMLS: OC21185849

    $839,900

    Price

  • Sep 12, 2021

    Date

    Active

    CRMLS: OC21185849

    $870,000

    Price

  • Listing provided courtesy of CRMLS

  • February, 2018

  • Feb 3, 2018

    Date

    Sold

    CRMLS: DW17121040

    $360,000

    Price

  • Aug 8, 2017

    Date

    Pending

    CRMLS: DW17121040

    $359,000

    Price

  • Jul 8, 2017

    Date

    Active

    CRMLS: DW17121040

    $359,000

    Price

  • Jun 30, 2017

    Date

    Hold

    CRMLS: DW17121040

    $359,000

    Price

  • May 31, 2017

    Date

    Active

    CRMLS: DW17121040

    $359,000

    Price

  • Listing provided courtesy of CRMLS

    Home is in need of repairs. At it's current condition it may limit financing options. Some sits on a large lot just over 9,000 sq ft, allowing plenty of room for expansion or additions. Paramount is centrally located to freeways (105, 605, 91, and 710 fwy), major transportation, and high school, elementary schools.

  • January, 2018

  • Jan 31, 2018

    Date

    Sold (Public Records)

    Public Records

    $360,000

    Price

Show More

Tax History for 8407 Somerset Blvd

Assessed Value (2020): $374,544
Year Land Value Improved Value Assessed Value
2020 $343,332 $31,212 $374,544

Home Value Compared to the Market

This property vs the competition

8407 Somerset Blvd sold on December 21, 2021 for 19.54% higher than the current median sold price for the city of Paramount which is $650,000. The median sold price per/sqft for Paramount is $487 and this home is sold at $168.44 per/sqft which puts the price per square foot 65.41% lower than the current median sale per square foot for the city of Paramount.

About 8407 Somerset Blvd

Detailed summary of property

8407 Somerset Blvd is a single family home that recently sold in Paramount, CA 90723. This house offered 48 bedrooms, -- bathrooms, roughly 4,613 living square feet, and sits on an approximately 9,035 square foot lot. 8407 Somerset Blvd was first listed on ArdentRealEstateGroup.com on November 21, 2021. The homeowner sold the property for $777,000. Home in Paramount are selling for a median price of $650,000 and a median price per square foot of $487. Based on Ardent Real Estate Group's Paramount Market Data, this home is sold 19.54% higher than the current median priced home. Local homes that are currently for sale include 6410 California Ave, 12216 Old River School Rd and 5650 Verdura Ave. While the average home in Paramount, CA is selling in 37 days, 8407 Somerset Blvd has a days on market of 5 days. There are currently 21 homes for sale in the Paramount real estate market and 9 of them are single family homes while 10 of them are condos and 2 are townhomes. For more information on this home for sale at 8407 Somerset Blvd Paramount, CA 90723 contact Ardent Real Estate Group and we will put you in touch with one of our Paramount agents.

Public Facts for 8407 Somerset Blvd

Public county record property details
Beds
2
Baths
1
Year built
1939
Sq. Ft.
650
Lot Size
9,035
Stories
1
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
53
APN
6241-007-025

The source for these homes facts are from public records.

90723 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$500,000
Median List Price/Sq.Ft.
$508
Median Sold Price
$650,000
Median Sold Price/Sq.Ft.
$558
Total Inventory
22
Median Sale to List Price %
92.87%
Avg Days on Market
31
Loan Type
Conventional (40%), FHA (40%), VA (0%), Cash (20%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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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