7240 Richfield
Paramount, CA 90723
0
Bed
0
Bath
5,286Sqft
18,069Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer -
Interior Features
Roof: Shingle Exterior Property Features: Lighting Interior Features: All Bedrooms Down Fireplace: None Flooring: Vinyl -
Cooling Features
Wall/Window Unit(s) Air ConditioningHeating Source
Forced Air Has HeatingFireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 1963 Building Area Total: 5,286 Construction: Drywall,Stucco Roof: Shingle -
Exterior Features
LightingFoundation
SlabSecurity Features
Carbon Monoxide Detector(s),Smoke Detector(s) -
Pool Features
NoneLaundry Features
Washer Hookup
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.4148 -
Lot Size Source: Assessor Lot Size Square Feet: 18069
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Listing Price Information
Original List Price: 1,675,000 Listing Contract Date: 2026-04-13 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 6241021008
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Garage and Parking
Garage Description: Assigned,Garage,PavedHomeowners Association
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Rental Info
Lease Term: Negotiable Tenant Pays: Electricity,Gas
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Other Property Info
Source Listing Status: Active Under Contract Source Neighborhood: RL - Paramount North of Somerset Directions: Exit Rosecrans from 710, head east then turn right on Garfield Ave, right onto Richfiield Source Property Type: Residential Income Area: RL - Paramount North of Somerset Property SubType: Apartment -
Building and Construction
Property Age: 63 Common Walls: No Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: Street Access Levels or Stories: One Building Total Stories: 1
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 8600 Contreras Street #35, Paramount, CA, 90723 | $150,000 | 2 | 2 | 960 | 960 SqFt |
| 8600 Contreras #54, Paramount, CA, 90723 | $90,000 | 1 | 1 | -- | |
| 13478 Fanshaw Avenue, Paramount, CA, 90723 | $725,000 | 3 | 2 | 1,281 | 1,281 SqFt |
| 13947 Downey, Paramount, CA, 90723 | $657,300 | 3 | 1 | 862 | 862 SqFt |
| 15000 Downey Avenue #244, Paramount, CA, 90723 | $357,000 | 1 | 1 | 630 | 630 SqFt |
| 8217 Howe, Paramount, CA, 90723 | $575,000 | 2 | 1 | 836 | 836 SqFt |
| 8215 Elburg Street, Paramount, CA, 90723 | $629,888 | 3 | 1 | 1,060 | 1,060 SqFt |
| 8211 Wilbarn, Paramount, CA, 90723 | $585,000 | 2 | 1 | 836 | 836 SqFt |
| 16600 Downey Avenue #27, Paramount, CA, 90723 | $275,000 | 4 | 2 | 1,344 | 1,344 SqFt |
| 16600 Downey Avenue #115, Paramount, CA, 90723 | $259,999 | 2 | 1 | 1,344 | 1,344 SqFt |
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ByOwner last updated this listing 06/04/2026 @ 12:56
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