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$1,675,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 15 hours ago
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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

  • Price: $1,675,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: DW26074603
  • Updated: 4/13/2026
  • Days on Market: 1 days
  • Added to Site: 1 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: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Lot Features

  • Property View: City Lights
  • Lot Size (Acres): 0.4148
  • Lot Size (Sq. Ft.): 18,069
  • Lot Size Source: Assessor
  • Lot Description: 2-5 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $316.87
  • Price Per Unit: 335000

Listed by CK Real Estate, Esther Rosas-Castaneda and CK Real Estate, Charlles Osorio

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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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/13/2026
Listed
$1,675,000
532.08%
MLS
3/17/2011
Sold
$265,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7240 Richfield

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,831
7%
$851,971
4%
2023
$11,986
2%
$818,890
2%
2022
$11,694
2%
$802,834
2%
2021
$11,428
2%
$787,094
1%
2020
$11,194
-4%
$779,024
2%
2019
$11,694
9%
$763,750
2%
2018
$10,735
3%
$748,775
2%
2017
$10,382
8%
$734,094
2%
2016
$9,627
6%
$719,701
2%
2015
$9,113
-2%
$708,891
2%
2014
$9,346
1%
$695,006
—
2013
$9,292
—
$691,866
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 7240 Richfield

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by CK Real Estate, Esther Rosas-Castaneda and CK Real Estate, Charlles Osorio

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7240 Richfield, Paramount, CA 90723 (MLS# DW26074603) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 7240 Richfield is currently listed for $1,675,000 and was received on April 13, 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.

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