7240 Richfield, Paramount, CA 90723
- $1,645,000
- Sold Price
- $1,645,000
- List Price
- $1,675,000
- Closing Date
- Jun 25, 2026
- Status
- CLOSED
- MLS#
- DW26074603
- Year Built
- 1963
- Lot Size
- 18,069
- Acres
- 0.41
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 17
- Property Type
- Multifamily
- Style
- Bungalow
- Property Sub Type
- Apartment
- Stories
- One Level
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.
Additional Information
- Pool Description
- None
- Heat
- Forced Air
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- View
- City Lights
- Exterior Construction
- Drywall, Stucco
- Roof
- Shingle
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- All Bedrooms Down
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $147,660
- Operating Expense
- 52326
Listing courtesy of Listing Agent: Esther Rosas-Castaneda (esther29816@gmail.com) from Listing Office: CK Real Estate.
Listing sold by Shawn Khakwani from Rafael Renderos, Broker
Mortgage Calculator
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.