7240 Richfield St Paramount, CA 90723
Estimated payment $10,010/month
Highlights
- City Lights View
- No HOA
- Park
- 0.41 Acre Lot
- Cooling System Mounted To A Wall/Window
- Laundry Room
About This Home
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.
Listing Agent
CK Real Estate Brokerage Phone: 626-465-9483 License #02208117 Listed on: 04/13/2026
Co-Listing Agent
Charlles Osorio
CK Real Estate Brokerage Phone: 626-465-9483 License #02439925
Property Details
Home Type
- Apartment
Year Built
- Built in 1963
Lot Details
- 18,069 Sq Ft Lot
- No Common Walls
- Density is 2-5 Units/Acre
Parking
- 4 Car Garage
- 7 Open Parking Spaces
- Parking Available
- Assigned Parking
Home Design
- Bungalow
- Entry on the 1st floor
- Slab Foundation
- Fire Rated Drywall
- Shingle Roof
- Stucco
Interior Spaces
- 5,286 Sq Ft Home
- 1-Story Property
- Vinyl Flooring
- City Lights Views
Bedrooms and Bathrooms
- 9 Bedrooms
- 4 Bathrooms
Laundry
- Laundry Room
- Washer Hookup
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Forced Air Heating System
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 4 / B
- Tax Tract Number 11345
- Assessor Parcel Number 6241021008
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 5 Buildings
- 5 Units
Recreation
- Park
Building Details
- 5 Leased Units
- Rent Control
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $5,574
- Insurance Expense $2,966
- Maintenance Expense $2,817
- Professional Management Expense $8,450
- Trash Expense $4,677
- Water Sewer Expense $5,360
- Operating Expense $52,327
- Gross Income $140,837
- Net Operating Income $81,469
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $12,831 | $851,971 | $461,220 | $390,751 |
| 2024 | $12,191 | $835,267 | $452,177 | $383,090 |
| 2023 | $11,986 | $818,890 | $443,311 | $375,579 |
| 2022 | $11,694 | $802,834 | $434,619 | $368,215 |
| 2021 | $11,428 | $787,094 | $426,098 | $360,996 |
| 2020 | $11,194 | $779,024 | $421,729 | $357,295 |
| 2019 | $11,694 | $763,750 | $413,460 | $350,290 |
| 2018 | $10,735 | $748,775 | $405,353 | $343,422 |
| 2016 | $9,627 | $719,701 | $389,613 | $330,088 |
| 2015 | $9,113 | $708,891 | $383,761 | $325,130 |
| 2014 | $9,346 | $695,006 | $376,244 | $318,762 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/13/2026 04/13/26 | For Sale | $1,675,000 | -- | $317 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW26074603
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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Ask me questions while you tour the home.