Millman Team Real Estate

$1,675,000
0.41 Acre Lot

7240 Richfield, Paramount, California 90723

  • Residential Income Property Type
  • Garage Cars Garage
  • 1963 Year Built
Property Description

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.

Basic Details
Residential Income
For Sale
DW26074603
$1,675,000
City Lights
1963
0.41 Acre
Active
Apartment
: Shingle
Features
: None
: Forced Air
: Wall/Window Unit(s)
: None
: Garage, Paved, Assigned
: Bungalow
: Lighting
: Vinyl
: All Bedrooms Down
: Washer Hookup
: Public Sewer
: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Cable Available
$0
Address Map
CA
Los Angeles
Paramount
90723
Richfield
7240
W119° 49' 41.8''
N33° 54' 4.7''
Exit Rosecrans from 710, head east then turn right on Garfield Ave, right onto Richfiield
RL - Paramount North of Somerset
Additional Information
$0
$0
$0
$0
$0
5286
: Park, Sidewalks, Street Lights, Storm Drain(s)
: Drywall, Stucco
1
: Slab
4.0
: One
: 2-5 Units/Acre
5
2026-04-13
1
1
: Public
Broker/Agent Information
CK Real Estate
Esther Rosas-Castaneda
Listing Information
Charlles Osorio
DWOSOCHA
DWCMK
CK Real Estate
DWROSEST
DWCMK
Cash, Conventional, Submit
Active
2026-04-14T21:23:10Z
CRMLS
: Standard
2026-04-13T14:20:25Z
Agent info
Ray Millman
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