7240 Richfield Paramount, CA $ 1,675,000
7240 Richfield
$ 1,675,000
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7240 Richfield

Paramount, CA, 90723
$ 1,675,000
Baths1.0 Sq 5,286

Monthly Estimate*

$ 10,313

Listed by CK Real Estate
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Studio

Multi-Family Home for sale in Paramount, CA

for $1,675,000 with 1 full bath. This 5,286 square foot home was built in 1963 on a lot size of 0.4148.

Welcome to 7240 Richfield Street, your new investment property! This property includes 5 freestanding bungalows each with its own driveway and small yard. Four of the units have an attached 1 car garage. Tenants enjoy single-family comforts, making these highly desired units in the rental market. The property has been well-kept by its current owners. The three front units feature roofs that are less than 3 years old. Each property comes with its own electric and gas meter, while the all units share one water meter. Rents close to market providing a steady income flow. There are 4 2-bedroom 1 bathroom units ranging from 750-960 sq ft. There is one 3-bedroom 1 bathroom at 1,080 square feet. Several units are renovated. Property is conveniently located near 105 and 710 freeways providing easy access for commuters.

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Multi-Family Active

Price

$ 1,675,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.4148

Year Built

1963

Town/City

Paramount

County/Region

Los Angeles

MLS | Web ID

DW26074603

Days on Market

2

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Wall/Window Unit(s)
Utilities Cable Available Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Shingle
HOA Fee 0
Garage Spaces 4
Architectural Style Bungalow
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Construction Materials Drywall Stucco
Year Built 1963
Tenant Pays Electricity Gas
View City Lights
Stories Count 1
Levels One
Property Subtype Apartment
Gross Income 140837
Community Features Park Storm Drain(s) Street Lights Sidewalks
County Los Angeles
Net Operating Income 81468.53
Operating Expense 52326.6
Insurance Expense 2966.3
New Construction false
Property Type Residential Income
HOA false
Contingency No contingencies.
MaintenanceExpense 2816.7
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Exit Rosecrans from 710 head east then turn right on Garfield Ave right onto Richfiield
City Paramount
Entry Location Street Access
Senior Community Y/N false
Open Parking Spaces 7
Number Of Units Total 5
MLS Area RL - Paramount North of Somerset
Lot Size Units Square Feet
Lot Size Square Feet 18069
Number of Units Leased 5
Listing Terms Cash Conventional Submit
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Trash Expense 4677.4
Water Sewer Expense 5360.4
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 4
Total Actual Rent 11905
Property Sub Type Additional Apartment
Cap Rate 4.86
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Interior
Interior Amenities All Bedrooms Down
Flooring Vinyl
Fireplace Features None
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Laundry Features Washer Hookup
Entry Level 1
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Exterior
Exterior Amenities Lighting
Parking Features Assigned Garage Paved
Lot Features 2-5 Units/Acre
Water Source Public
Total Parking 11
Lot Size Area 18069
Foundation Details Slab
Number of Buildings 5
Spa false
Building Area Total 5286
Lot Size Acres 0.4148
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 5
Number of Separate Electric Meters 5
Road Frontage Type City Street
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* Excluded Features
List By
Ck Real Estate

Broker

esther29816@gmail.com

Email

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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/13/2026$1,675,000 Listed Price

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7240 Richfield, Paramount, CA, 90723 is a Multi-Family Home for sale at $1,675,000 with 5,286 sqft and a lot size of 0.4148. 7240 Richfield is a studio with 1.0 baths and was built in 1963. The property's zip code is 90723 which is in Paramount, CA