Paramount South of Somerset (RK) Real Estate

Paramount South of Somerset (RK) Real Estate

Welcome to Paramount, a vibrant gem nestled in the heart of Los Angeles County, California. Known for its rich cultural diversity and strong sense of community, Paramount offers a unique blend of suburban charm and urban convenience, making it an ideal place for families, young professionals, and retirees alike.

Paramount boasts a variety of parks and recreational facilities, perfect for those who enjoy outdoor activities. The city's commitment to green spaces is evident in its well-maintained parks, where residents can partake in picnics, sports, and leisurely strolls. The Paramount Recreation Center is a local favorite, offering a range of programs for all ages, from sports leagues to art classes.

The city is also home to a thriving business community, with an array of shopping centers, restaurants, and entertainment options. Whether you're in the mood for a cozy coffee shop, a family-friendly diner, or an eclectic mix of international cuisine, Paramount has it all. The bustling streets are lined with local boutiques and shops, providing a delightful shopping experience just a stone's throw from your front door.

Education is a priority in Paramount, with several well-regarded schools serving the community. The Paramount Unified School District is dedicated to fostering a supportive learning environment, ensuring that students receive a quality education.

With its prime location just a short drive from downtown Los Angeles, Paramount offers easy access to the excitement of the city while maintaining its own distinct character. Whether you're looking to buy your first home or invest in a rental property, Paramount is a community that welcomes you with open arms. Discover the charm and convenience of living in this dynamic city today!

Newest Listings in Paramount South of Somerset (RK)

$1,000,000
DW26182275 MLS ⋅ Active Status
Excellent opportunity in one of Paramount's most desirable neighborhoods! This clean and well-maintained property offers an excellent combination of residential living, income potential, and ample parking. The property features a 2-bedroom, 2-bathroom main house plus a duplex with two additional 2-bedroom, 1-bathroom units, providing a total of three separate residences. Adding to the property's versatility are two large, finished garages, offering substantial enclosed space that may be used for parking, storage, workspace, or other permitted uses. The property also includes driveway parking for up to five vehicles, a valuable feature for a multi-unit property. The desirable location is close to shopping centers, restaurants, schools, and transit. This property presents an exceptional opportunity for an owner-user, extended family, or investor seeking a well-kept property with strong functionality and flexibility.

15333 Georgia, Paramount
$600,000
2 Beds ⋅ 2 Baths ⋅ 26874789 MLS ⋅ Active Status
Discover 15343 Pimenta Ave, a residence recently enhanced with a new roof, new HVAC, and new flooring throughout. Fresh interior and exterior paint complement the kitchen's all new stainless steel appliances. A fully fenced in backyard completes the property. This property blends comprehensive updates with practical outdoor living. Included 100-Day Home Warranty with buyer activation

15343 Pimenta Avenue, Paramount
$185,000
2 Beds ⋅ 2 Baths ⋅ DW26180562 MLS ⋅ Active Status
This is a delightful 2 Bedrooms, 2 Bathrooms manufactured home in the city of Paramount, and it is located in the Orange Avenue Mobile Home Park, where is an all-age community. This is better than paying rent, it is a great starter home. New roof in 2024, This home provides an open concept kitchen, living room and dining space. This property features a welcoming and friendly environmental. well maintained and perfect for families or anyone seeking a cozy home, step outside there is a small yard the front with a delightful space of gardening or barbecues. conventional located just ashort proximity to freeway, shopping plazas and restaurants. Make this home yours today!!!

15325 F#16 Orange, Paramount
$247,500
4 Beds ⋅ 2 Baths ⋅ DW26176581 MLS ⋅ Active Status
Move-In Ready 4BR/2BA in Americana Mobile Park – All-Age Community. Welcome home! This bright, turnkey manufactured home is located in a prime spot close to schools, shopping, restaurants, and churches. Inside, enjoy a traditional floor plan with distinct living and dining rooms. The kitchen flows seamlessly into the dining area, while the spacious master suite and three additional bedrooms offer flexibility for family, guests, or a home office. An indoor laundry room adds everyday convenience. Community Amenities: - Clubhouse with full kitchen, TV, pool and ping pong table. Resort-style patio with tables, chairs, and loungers · Sparkling pool & spa · Basketball court - Pet-friendly community.

16600 Downey Unit 27, Paramount
$1,199,000
6 Beds ⋅ 4 Baths ⋅ IG26178135 MLS ⋅ Active Status
Brand-new construction in Los Angeles County featuring an attached 2-bedroom ADU, offering flexible multigenerational living or rental potential. Part of Clearwater Collection, a four-home community where this is the final home available. No HOA. No Mello-Roos. This detached single-family home offers a well-designed layout for everyday living. Located in Paramount, California, this Plan B home combines contemporary style, smart technology, and energy-efficient features, offering a main home with 4 bedrooms, 3 bathrooms, and approximately 1,772 square feet, plus an approximately 839-square-foot attached ADU, bringing total area to approximately 2,611 square feet. The first floor features living and dining areas that connect to a kitchen, creating an open space for daily living and entertaining. The kitchen includes quartz countertops, custom cabinetry with integrated storage, energy-efficient appliances, and modern finishes. Luxury vinyl plank flooring runs throughout. A downstairs bedroom and full bathroom provide flexibility for guests, extended family, or workspace. Upstairs, the primary suite offers a private retreat with an en-suite bathroom. Secondary bedrooms are well-sized for family, guests, or office use. Upstairs laundry and built-in storage add convenience. Additional highlights include modern lighting and plumbing fixtures, and custom tile finishes. The attached 2-bedroom ADU includes a private entrance, dedicated parking, its own laundry, and a full kitchen and living area. The attached garage features epoxy flooring, an EV-ready charging outlet, and a Wi-Fi-enabled garage door opener, along with a private patio yard. This home includes smart technology such as a Wi-Fi thermostat, keyless entry, Ring doorbell, exterior cameras, smart hub, and built-in Ubiquiti WiFi access points. Additional features include built-in desks, linen storage, and custom closet organization. A fire sprinkler system adds safety. This all-electric home includes solar panels, supporting cleaner energy use while helping reduce utility costs. Located in Paramount, the property offers access to major freeways, employment centers, shopping, and dining, with connections to Downtown Los Angeles and Orange County. This is the last of the four homes in Clearwater Collection, and one of only two built with an attached ADU. No HOA. No Mello-Roos. Experience modern design, smart technology, and energy-efficient living at Clearwater Collection.

15540 Colorado, Paramount
$274,000
3 Beds ⋅ 2 Baths ⋅ SB26165911 MLS ⋅ Active Status
Welcome home to this beautifully maintained 2018 double-wide manufactured home located in the highly desirable Americana Mobile Home Park! Offering 3 bedrooms, 2 bathrooms, and a bright open-concept layout, this home seamlessly connects the living room, dining area, and kitchen, creating an inviting space for everyday living and entertaining. Waterproof luxury vinyl flooring runs throughout the home, while the spacious primary suite features an en-suite bathroom with dual vanities. The home has been lovingly cared for and is move-in ready. Additional features include central heating and air conditioning, a covered carport with parking for up to three vehicles, a storage shed, and low-maintenance exterior areas along the home. Residents of Americana Mobile Home Park enjoy outstanding community amenities, including a swimming pool, spa, basketball court, dog park, fitness center, recreation room, and a clubhouse available for private events. Conveniently located near shopping, restaurants, parks, schools, and major freeways, this sought-after community offers both comfort and convenience. Don’t miss the opportunity to make this beautiful home yours!

16600 Downey Unit 77, Paramount
$3,100,000
PW26175840 MLS ⋅ Active Status
A rare nine-unit offering in Paramount that combines a genuinely exceptional unit mix, turnkey renovated condition, and legitimate ADU upside — all outside of local rent control. Eight (8) large three-bedroom / two-bath units at approximately 905 SF, plus one (1) one-bedroom / one-bath at 440 SF. Three-bedroom apartments are almost impossible to replicate in today's construction environment, and they drive family tenancy, longer average tenure, lower turnover cost, and rent premiums that one- and two-bedroom product simply cannot command. The property sits on a 17,524 SF lot with 7,800 SF of building area and is 100% occupied at close of escrow. The building has been fully renovated — roofs, windows, and all major systems, along with unit interiors and appliances. A buyer steps into stabilized, day-one cash flow without the deferred-maintenance capital plan that typically accompanies 1962-vintage product. The property is subject only to statewide AB 1482 — not a local rent-control ordinance — preserving annual increases up to the statutory cap and full vacancy decontrol on turnover under Costa-Hawkins. Additional upside comes from the open parking areas which present a strong candidate ADU construction under SB 1211. Offered at $3,100,000 — $344,444 per unit — on $205,494 of in-place NOI, a 6.63% current cap rate going to 6.98% pro forma on turnover to market rents. Nearby 2025–2026 sales in the Bellflower/Paramount submarket traded at 4.64%–5.75% caps and $314,063 per unit, making this an outsized in-place yield for renovated, family-sized product. Paramount is outside the City of Los Angeles and not subject to Measure ULA. Nine on-site parking spaces. Convenient to the 105 and 710 freeways, Downtown LA, LAX, and Long Beach.

13838 Arthur, Paramount
$394,999
2 Beds ⋅ 2 Baths ⋅ DW26170424 MLS ⋅ Active Status
***Welcome to this charming first-floor condo located in a gated community in the heart of Paramount! This 2-bedroom, 2-bathroom home offers a functional floor plan, comfortable living spaces, a private patio, and very low HOA dues. The community features a convenient laundry facility, two parking spaces, and plenty of guest parking. Conveniently located near schools, shopping, dining, and major freeways, this condo offers comfort and convenience in a great location. Seller is open to providing a credit toward the buyer’s closing costs with an acceptable offer, subject to lender approval and loan-program guidelines. Don’t miss the opportunity to make it your own!

15351 Orange Ave Unit 8, Paramount
$819,098
4 Beds ⋅ 2 Baths ⋅ RS26163549 MLS ⋅ Active Status
Excellent investment opportunity featuring two detached residences on one lot in the heart of Paramount. This well-maintained duplex offers strong rental income potential with separate living spaces and desirable amenities. The front residence (15349) features 2 bedrooms, 1 full bathroom, a comfortable living room, an updated kitchen with granite countertops, newer cabinetry, sink faucet, flooring, and fresh paint. The remodeled bathroom includes a newer vanity, toilet, tub with ceramic tile surround, updated plumbing, and fresh paint. Additional highlights include wall-mounted air conditioning units in the bedrooms, two steel security doors, a detached garage, a 3-car driveway, a fenced front yard, a small private backyard, and a composition shingle roof replaced approximately three years ago. The rear residence (15347) offers a spacious living room, 2 bedrooms with individual wall-mounted air conditioning units, 1 full bathroom with updated vanity, toilet, and tub with tiled surround, and an upgraded kitchen featuring granite countertops, newer cabinetry, and vinyl tile flooring throughout the home. Additional features include an attached garage, an expansive 5-car driveway, a large front yard and oversized backyard, a newer composition shingle roof installed approximately three years ago, and a newer water heater. Washer and dryer are included. Both residences have been thoughtfully updated and are currently producing rental income, making this an ideal opportunity for investors or owner-users seeking supplemental income. Conveniently located near schools, shopping, dining, parks, and major transportation corridors with easy access to nearby freeways.

15347 Virginia Avenue, Paramount
$1,000,000
CV26160176 MLS ⋅ Active Under Contract 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
$1,345,000
PW26130970 MLS ⋅ Active Status
$50,000 PRICE CUT!! HUGE PRICE REDUCTION--2026 NEW CONSTRUCTION! This is your opportunity to own one of Paramount's best values. Beautifully designed and move-in ready, this exceptional property offers a rare combination of modern living, flexible space, and income potential. The main home features 5 spacious bedrooms and 4 bathrooms, including a convenient first-floor primary suite. The bright open floor plan is filled with natural light and offers a seamless flow between the living room, dining area, and gourmet kitchen. The kitchen is designed for both everyday living and entertaining, featuring quartz countertops, stainless steel appliances, abundant cabinet space, and a large center island. The detached ADU adds incredible value with 2 bedrooms, 1 bathroom, inside laundry, a private entrance, its own address, and 2 dedicated parking spaces. It is perfect for extended family, guests, or rental income. Built with quality and energy efficiency in mind, both homes include paid solar panels, central heating and air conditioning, tankless water heaters, dual-pane Low-E windows, recessed LED lighting, waterproof flooring, EV charger readiness, and separate laundry areas. One of the highlights of this property is the spacious rooftop terrace. Create your own outdoor lounge, home gym, yoga retreat, entertaining space, or simply relax and enjoy the open views. The property also offers a 2-car attached garage, with additional parking for the main home and for the ADU. it's conveniently located near schools, shopping, restaurants, parks, and major freeways. Whether you're looking for a spacious family home, a property with rental income, or a smart long-term investment, this home checks all the boxes. Don't miss this incredible opportunity. Visit this home before it's gone and see everything this beautiful new home has to offer!! OPEN HOUSE SATURDAY 8/29 FROM 1-4PM..SEE YOU SOON.

16623 Lake Avenue, Paramount
$1,345,000
5 Beds ⋅ 4 Baths ⋅ PW26128386 MLS ⋅ Active Status
$50,000 PRICE CUT! Great neighbourhood! Huge Price Reduction!! 2026 NEW CONSTRUCTION! Welcome to this beautiful, move-in-ready property in the heart of Paramount, offering a rare and versatile floor plan that is perfect for multi-generational living or generating rental income. The main home features 5 spacious bedrooms and 4 bathrooms, including a convenient first-floor primary suite and an additional guest bathroom. The open-concept design creates a bright and inviting living space where the kitchen flows seamlessly into the dining and living areas, making it ideal for everyday living and entertaining. Large windows fill the home with natural light, while modern finishes throughout provide a clean, contemporary feel. Adding even more value is the detached ADU, complete with 2 bedrooms, 1 bathroom, inside laundry area, with its own private entrance, separate address, and 2 dedicated parking spaces. Whether you're looking for rental income, a home for extended family, or a private guest house, this ADU offers outstanding flexibility. Built with quality and energy efficiency in mind, both the main home and ADU include paid solar panels, helping reduce energy costs while providing the benefits of new construction with low-maintenance living. One of the home's most unique features is the spacious rooftop terrace. This incredible space can be used as an outdoor entertaining area, home gym, yoga studio, organic garden, or simply a peaceful place to relax and enjoy the views. The property also includes a 2-car attached garage and additional parking for the main residence, and is conveniently located near shopping, restaurants, schools, parks, and major freeways for easy commuting. This is an exceptional opportunity for buyers seeking a modern home with income potential, flexible living space, and long-term value! Great and quiet neighborhood!..OPEN HOUSE SATURDAY 8/29 FROM 1-4 PM. SEE YOU SOON.

16623 Lake 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.