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$1,645,000

  • Sold
  • Closed
  • Multi-Family
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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.

Full Property Details for 7240 Richfield

General

  • Sold For: $1,645,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: DW26074603
  • Added to Site: 92 day(s) ago

Interior

  • Rooms/Areas: All Bedrooms Down
  • Fireplace(s): None
  • Flooring: Vinyl

Rooms

Other Rooms

  • Laundry: Washer Hookup

Additional Information

  • Pool Description: None
  • Spa Description: None

Exterior

  • Exterior Features: Lighting

Parking

  • Garage Spaces: 4
  • Parking Features: Garage, Assigned, Paved
  • Parking: Garage, Assigned, Paved

Location

  • Area: RL - Paramount North of Somerset
  • County: Los Angeles
  • Development Name: RL - Paramount North of Somerset
  • Driving Directions: Exit Rosecrans from 710, head east then turn right on Garfield Ave, right onto Richfiield

Heating & Cooling

  • Cooling Type: Wall/Window Unit(s)
  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 5
  • # Electric Meters: 5

Structural Information

  • Architectural Style: Bungalow
  • Foundation: Slab
  • Roof: Shingle
  • Entry Location: Street Access
  • Stories/Levels: One
  • Stories Description: One
  • Square Feet: 5,286
  • Year Built: 1963

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 5

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Property View: City Lights
  • Lot Size (Acres): 0.4148
  • Lot Size Source: Assessor
  • Lot Description: 2-5 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $311.2
  • Price Per Unit: 335000

Listed by CK Real Estate, Esther Rosas-Castaneda and CK Real Estate, Charlles Osorio
Sold by Rafael Renderos, Broker, Shawn Khakwani

Listing agents

— 7240 Richfield —

  • Esther Rosas-Castaneda

    CK Real Estate

  • Charlles Osorio

    CK Real Estate

626-465-9483

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 7240 Richfield

School District:Paramount Unified School District
NameGradesDistance
Howard Tanner School
7210 Rosecrans Avenue, Paramount, CA 90723
K-50.1 mi
Frank J. Zamboni School
15733 Orange Avenue, Paramount, CA 90723
6-80.8 mi
Paramount High School
14429 Downey Avenue, Paramount, CA 90723
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7240 Richfield

Date
Details
Price
Change
Source
6/25/2026
Sold
$1,645,000
-1.79%
MLS
4/13/2026
Listed
$1,675,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by CK Real Estate, Esther Rosas-Castaneda and CK Real Estate, Charlles Osorio
Sold by Rafael Renderos, Broker, Shawn Khakwani

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7240 Richfield, Paramount, CA 90723 (MLS# DW26074603) is a Multi-Family property that was sold at $1,645,000 on June 25, 2026. Want to learn more about 7240 Richfield? Do you have questions about finding other Multi-Family real estate for sale in Paramount? You can browse all Paramount real estate or contact a Coldwell Banker agent to request more information.