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.
AGENT: Esther Rosas-Castaneda LISTING BROKERAGE: CK Real EstateProperty is conveniently located near 105 and 710 freeways providing easy access for commuters.
Courtesy of CK Real Estate. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 7240 Richfield
Paramount, CA
Property Details
Price:
$1,675,000
MLS #:
DW26074603
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
rlparamountnorthofsomerset
Listed Date:
Apr 13, 2026
Total Sq Ft:
5,286
Lot Size:
18,069 sqft / 0.41 acres (approx)
Year Built:
1963
BungalowRl – Paramount North Of SomersetRlparamountnorthofsomersetCity Lights
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Schools
Interior
Cooling
WW
Flooring
VINY
Heating
FA
Laundry Features
WH
Levels
A
Exterior
Architectural Style
BNG
Common Walls
NCW
Community Features
SDW, STM, SL, PARK
Construction Materials
STC, DWAL
Exterior Features
LIT
Garage Spaces
4
Parking Spots
11
Parking Total
11
Roof
SHN
Security Features
SD, COD
Spa Features
NO
View
CI
Financial
Gross Operating Income
$133,795
Maintenance Fee
$2,817
Net Operating Income
$81,469
Map
Community
- Address7240 Richfield Paramount CA
- CityParamount
- CountyLos Angeles
- Zip Code90723
