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7240 Richfield, Paramount, CA 90723

  • $1,675,000

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Multi-family active under contract 58 days
Movoto is helping 59 homebuyers near you

About 7240 Richfield

Property type Multi-family
Year built 1963
HOA fee $0/month
Lot size 0.41 Acre
Movoto estimate
Parking 4 garage spaces
Rental estimate
Property description
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.
Listed by
Listing Agent - Esther Rosas-Castaneda
Listing Agent Contact: 626-465-9483
Listing Office - CK Real Estate
Source: CRMLS mls logo
MLS#DW26074603 • last updated 1 month ago
Movoto checked CRMLS for data 6 minutes ago
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Overview
Levels/Style One, Bungalow
Type Residential Income
SubType Apartment
Status Active Under Contract
Lot Size (Acres) 0.4148
Lot Size (SqFt) 18069
Year Built 1963
Interior
Laundry Washer Hookup
Other Room(s) All Bedrooms Down
Flooring Vinyl
Exterior
Foundation Slab
Construction Stucco, Drywall Walls
Building Area Square Feet, 5286
Roof Shingle
Parking Garage, Assigned, Paved
# Uncovered Spaces 7
# Parking Spaces 11
# Garage Spaces 4
Lot Description 2-5 Units/Acre
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View City Lights
County Los Angeles
Community Features Street Lights, Storm Drains, Sidewalks, Park
Directions Exit Rosecrans From 710, Head East Then Turn Right On Garfield Ave, Right Onto Richfiield
APN 6241021008
Multifamily Details
Vacancy Allowance Rate 5
Expense: Trash 4677.4
Operating Expense 52326.6
Cap Rate 5.25
Expense: Insurance 2966.3
Total Expenses 52327
Expense: Maintenance 2816.7
Expense: Water/ Sewer 5360.4
Gross Income 147660
Gross Operating Income 140277
Gross Multiplier 11.34
Gross Scheduled Income 147660
Expense: Gardener 5574
Lot/ Land Details
Road Frontage City Street
Road Surface Paved
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Have a question about this property? Call us at (844) 430-0869
6/10
Howard Tanner School
public Grades K-5
Paramount Unified School District
7/10
Frank J. Zamboni School
public Grades 6-8
Paramount Unified School District
5/10
Paramount High School
public Grades 9-12
Paramount Unified School District
2/10
Buena Vista High School
public Grades 9-12
Paramount Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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Dining
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  • 7240 Richfield

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The multiple listing information is provided by CRMLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information updated every 15 minutes. Terms of use & Privacy Policy, California Privacy Info. Copyright © 2005 - 2026 Movoto, Inc. All rights reserved. Equal Housing Opportunity CalDRE CalDRE #01517281
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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 6/9/2026. 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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