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.
Sold for $1,645,000
Listing Provided by: CK Real Estate
Bought with: Rafael Renderos, Broker
$1,645,000
7240 Richfield St, Paramount, CA 90723
11beds
5baths
5,286sqft
Multi Family
Built in 1963
-- sqft lot
$-- Zestimate®
$311/sqft
$4,499 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,499/mo
Zestimate® history
Owner options
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$10,355/mo
Est. payment
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$10,355/mo
Est. payment
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List your homeWhat's special
Single-family comfortsSeveral units are renovated
Zillow last checked:
Listing updated:
Listing Provided by:
Esther Rosas-Castaneda DRE #02208117 626-465-9483,
CK Real Estate,
Charlles Osorio DRE #02439925 714-305-7254,
CK Real Estate
Bought with:
Shawn Khakwani, DRE #02031958
Rafael Renderos, Broker
Source: CRMLS,MLS#: DW26074603
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 5
Bedroom
- Features: All Bedrooms Down
Heating
- Forced Air
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Washer Hookup
Features
- All Bedrooms Down
- Flooring: Vinyl
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 5,286
- Total interior livable area: 5,286 sqft
Property
Parking
- Total spaces: 11
- Parking features: Assigned, Garage, Paved
- Garage spaces: 4
- Uncovered spaces: 7
Features
- Levels: One
- Stories: 1
- Entry location: Street Access
- Exterior features: Lighting
- Pool features: None
- Spa features: None
- Has view: Yes
- View description: City Lights
Lot
- Size: 0.41 Acres
- Features: 2-5 Units/Acre
Details
- Parcel number: 6241021008
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow
- Property subtype: Multi Family
Materials
- Drywall, Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1963
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Smoke Detector(s)
Community
- Community features: Park, Storm Drain(s), Street Lights, Sidewalks
Location
- Region: Paramount
HOA & financial
Other financial information
- Total actual rent: 11905
Other
Other facts
- Listing terms: Cash,Conventional,Submit
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Sold | $1,645,000-1.8%$311/sqft |
Source:  CRMLS #DW26074603 Report a problem | ||
| 5/5/2026 | Contingent | $1,675,000$317/sqft |
Source: CRMLS #DW26074603 Report a problem | ||
| 4/13/2026 | Listed for sale | $1,675,000+532.1%$317/sqft |
Source: CRMLS #DW26074603 Report a problem | ||
| 3/18/2011 | Sold | $265,000-70.5%$50/sqft |
Source: Public Record Report a problem | ||
| 9/16/2005 | Sold | $897,000$170/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,831 +5.3% | $851,971 +2% |
| 2024 | $12,191 +1.7% | $835,267 +2% |
| 2023 | $11,986 +2.5% | $818,890 +2% |
| 2022 | $11,694 +2.3% | $802,834 +2% |
| 2021 | $11,428 +2.1% | $787,094 +1% |
| 2020 | $11,194 | $779,024 +2% |
| 2019 | $11,194 +4.3% | $763,750 +2% |
| 2018 | $10,735 | $748,775 +2% |
| 2017 | $10,735 +3.4% | $734,094 +2% |
| 2016 | $10,382 +7.8% | $719,701 +1.5% |
| 2015 | $9,627 +3% | $708,891 +2% |
| 2014 | $9,346 | $695,006 -27% |
| 2009 | -- | $951,902 +123.1% |
| 2004 | -- | $426,757 +1.9% |
| 2003 | -- | $418,937 |
Find assessor info on the county website
Neighborhood: 90723
Nearby schools
GreatSchools rating
- 6/10Howard Tanner SchoolGrades: K-5Distance: 0.1 mi
- 6/10Frank J. Zamboni SchoolGrades: 6-8Distance: 0.8 mi
- 5/10Paramount High SchoolGrades: 9-12Distance: 1 mi
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- California
- Los Angeles County
- Paramount
- 90723
- 7240 Richfield St
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