7240 Richfield St, Paramount, CA 90723
UNDER CONTRACT
0.41 ACRES
Listed by Esther Rosas-Castaneda, CK Real Estate, (323) 667-9086

7240 Richfield St
Paramount, CA 90723

  • 11 Beds
  • 5 Baths
  • 5,286 sqft (on 0.41 acres)

$1,675,000

Est. Mortgage $10,130/mo*
Get Pre-Qualified

$1,675,000

Est. Mortgage $10,130/mo*
Get Pre-Qualified
11 Beds
5 Baths
5,286 sqft
(on 0.41 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

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.

Home Highlights

Parking
Garage
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$317
Listed
52 days ago

Home Details for 7240 Richfield St

Interior Features

Interior Details
Number of Rooms: 1Types of Rooms: Bedroom
Beds & Baths
Number of Bedrooms: 11Number of Bathrooms: 5
Appliances & Utilities
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water ConnectedLaundry: Washer Hookup
Heating & Cooling
Heating: Forced AirHas CoolingAir Conditioning: Wall/Window Unit(s)Has HeatingHeating Fuel: Forced Air
Fireplace & Spa
Fireplace: NoneSpa: NoneNo FireplaceNo Spa
Windows, Doors, Floors & Walls
Flooring: VinylCommon Walls: No Common Walls
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Levels: OneEntry Location: Street AccessFloors: Vinyl
View
Has a ViewView: City Lights
Security
Security: Carbon Monoxide Detector(s), Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: ShingleExterior: LightingFoundation: SlabNo Private Pool
Parking & Garage
Number of Garage Spaces: 4Number of Covered Spaces: 4Open Parking Spaces: 7Has a GarageNo Attached GarageParking Spaces: 11Parking: Assigned,Garage,Paved
Pool
Pool: None
Frontage
Road Frontage: City StreetRoad Surface Type: PavedNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 22Days on Market: 52

Property Information

Year Built
Year Built: 1963
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Bungalow
Building
Construction Materials: Drywall, StuccoNot a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 6241021008

Price & Status

Price
List Price: $1,675,000Price Per Sqft: $317
Status Change & Dates
Possession Timing: Close Of Escrow

Active Status

MLS Status: Active Under Contract

Location

Direction & Address
City: Paramount

Agent Information

Listing Agent
Listing ID: DW26074603

Building

Building Area
Building Area: 5286 Square Feet

Community

Community Features: Park, Storm Drain(s), Street Lights, SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLSHOA Fee: No HOA Fee

Lot Information

Lot Area: 0.41 acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional, Submit

Business

Expense
Tenant Pays: Electricity, Gas

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: DW26074603Living Area Range Units: Square FeetZillow Contingency Status: Under ContractAttribution Contact: 626-465-9483Common Interest: NoneUniversal Property Id: US-06037-N-6241021008-R-N

Additional Information

ParkStorm Drain(s)Street LightsSidewalksSource Internet Entire Listing Display
Last check for updates: about 7 hours ago
Listing Provided by: Esther Rosas-Castaneda DRE #02208117, (626) 465-9483
CK Real Estate
Charlles Osorio DRE #02439925, (714) 305-7254
CK Real Estate
Originating MLS: California Regional MLS
Source: CRMLS, MLS#DW26074603
Also Listed on CRMLS.

Market trends in Paramount

Last updated April 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
35
6MoM

Price History for 7240 Richfield St

DatePriceEventSource
05/05/2026$1,675,000ContingentCRMLS #DW26074603
04/13/2026$1,675,000Listed For SaleCRMLS #DW26074603
03/18/2011$265,000Sold
N/A
09/16/2005$897,000Sold
N/A

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Property Tax and Assessment

Year2025
Tax$12,831
Assessment$851,971
Home facts updated by county records

Comparable Sales for 7240 Richfield St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
14033 Arthur Ave, Paramount, CA
0.56
Multi-Family Home
$1,550,000
09/11/25
17
6
5,475
14048 McClure Ave, Paramount, CA
0.67
Multi-Family Home
$1,760,000
08/01/25
11
7
5,394
7913 Howe St, Paramount, CA
0.72
Multi-Family Home
$1,600,000
03/03/26
11
6
4,730
7010 San Vincente St, Paramount, CA
0.34
Multi-Family Home
$800,000
12/22/25
6
4
2,488
6513 San Miguel St, Paramount, CA
0.68
Multi-Family Home
$1,140,000
08/28/25
6
5
2,638
15954 Vermont Ave, Paramount, CA
1.09
Multi-Family Home
$1,600,000
03/03/26
10
9
4,443
15523 Colorado Ave, Paramount, CA
0.85
Multi-Family Home
$900,000
08/20/25
6
4
1,768
6626 San Miguel St, Paramount, CA
0.53
Multi-Family Home
$545,000
11/05/25
3
2
1,448
8020 McKinley Ave, South Gate, CA
1.32
Multi-Family Home
$1,445,000
10/16/25
10
7
5,815

Nearby homes

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Assigned Schools

These are the assigned schools for 7240 Richfield St.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Paramount

At least 358 Trulia users voted on each feature.

  • 89 % Say there are sidewalks

  • 79 % Say it's dog friendly

  • 73 % Say yards are well-kept

  • 69 % Say car is needed

  • 69 % Say there's holiday spirit

  • 67 % Say kids play outside

  • 66 % Say it's walkable to restaurants

  • 64 % Say streets are well-lit

  • 63 % Say it's walkable to grocery stores

  • 49 % Say it's quiet

  • 49 % Say they plan to stay for at least 5 years

  • 48 % Say people would walk alone at night

  • 48 % Say neighbors are friendly

  • 43 % Say parking is easy

  • 30 % Say there's wildlife

  • 26 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Chris071784
    "During Christmas we have the parade, we get Santa with his raiders and on Halloween we get house to decorate and lots of treat kids show up!"
    0
    Flag
  • Aaawoman71
    "There are always some type of community activity going on in the of Paramount. The city promotes family, community, and keeping Paramount dollars in Paramount. "
    0
    Flag
  • Pescadi123
    "Area is quiet. Homeless population is getting less. Less crime. Cleaner and move police presence. Nice stores."
    0
    Flag
  • Trulia User
    "The commute to down town is not that bad when traffic is moving but when traffic gets slow it takes time to get to your destination there should be be ways out of traffic "
    1
    Flag
  • Trulia User
    "My neighborhood is quiet safe very friendly neighbors I grew up living here my parents own a home here for over 20 years great for kids to ride there bikes and walk to school good school system and clean public transportation "
    2
    Flag
  • Mikortlbc
    "Nice clean and diverse area to live in. Schools and grocery stores are within a mile or 2 of my residence. No complaints here"
    1
    Flag
  • Samson A.
    "friendly neighbors everywhere. it is very common to see neighbors say a greeting while they either jugg or walk past."
    0
    Flag
  • Nicole.lopez374
    "Exercise park is in walking distance to where we live. Salud park and elementary school at the end of the block."
    2
    Flag
  • J0hnny1991
    "Dog owners like it here because the neighborhoods are for the most part, nice and safe. A lot of dog owners in this small town too "
    1
    Flag
  • Rocio D.
    "Close to the 105 fwy which makes it easy to commute to work, my mom's house and other cities I frequently visit "
    0
    Flag
  • Marcia N.
    "I live in Paramount and I love my neighborhood, everything is so close and you can find variety. It’s also calm "
    1
    Flag
  • Janneth S.
    "That is very quite and there a lot of neighbors support. They have meeting when something is going on to help each other. "
    0
    Flag
  • Shalleyyort61
    "It’s to quiet need more kids playing outside. I wish more liquor stores nearby and also police department "
    0
    Flag
  • Jenny S.
    "The schools are bad. Not a family friendly neighborhood. A lot of drugs at the park. One guy overdosed not too long ago. "
    3
    Flag
  • Jenny S.
    "There is a lot of residential mixed with commercial properties and the air quality is extremely poor. In Jan. 2019 the city sent out a letter saying it could cause birth defects and other things."
    4
    Flag
  • Gustavo G.
    "Pretty good community only that high school there are fights and parents don’t really do nothing about it but over all it’s good"
    2
    Flag
  • Ntly_chvz
    "There’s various parks around the neighborhood that are pet friendly. Trails that are also available for walks. "
    2
    Flag
  • Osoriajenny
    "We have a tree lighting ceremony every year. Santa Claus around and gives out apple’s and candy cane."
    1
    Flag
  • Maribel R.
    "Everything it’s great and there’s a lot people in the neighborhood who have dogs so no worries there "
    1
    Flag
  • Rose J.
    "It love it here and Salud park or great. I enjoy the free activities they have for the children on the holidays. "
    1
    Flag
  • Lyn C.
    "It’s improved alot since I lived here. Here kids are safe you can walk in the street in night or day"
    1
    Flag
  • Den O.
    "I’ve lived in this neighborhood all my life for 18 years. The area is relatively safe and definitely family-oriented. Small city, but closer relationships with neighbors as a result. "
    1
    Flag
  • Christina A.
    "the area is quiet and calm. When there are parties the neighbors don't must the noise the neighbor feel welcoming and shows you the ropes if you' allow it "
    0
    Flag
  • Karen G.
    "Some hood dogs running loose here and their but most people have them behind fences or see them on occasion during walks"
    0
    Flag
  • Lyn C.
    "Paramount got a lot better then how it was before. Neighbors talk to each other and look out for one another "
    0
    Flag
  • Mywae45
    "There are a lot of parks and outdoor spaces. I wish there was a dog park though. Family friendly neighborhood."
    0
    Flag
  • Leticia N.
    "Paramount Park events are very kid friendly and inviting. The city has really got cleaned up these past few months. City of Paramount is really growing and improving their streets."
    0
    Flag
  • Araceli G.
    "Paramount has a lot to offer for families. City events, access to public transportation, drive in theatre too!we love living here!"
    1
    Flag
  • Helga E.
    "Paramount is a nice city to live in, parks are well kept, streets are clean, and the community is friendly."
    0
    Flag
  • Helga E.
    "The rule is dogs should wear a harness or a leashes, some people forgets that and it's very annoying because I own a big dog and other dogs come to bother mine. "
    0
    Flag
  • William M.
    "good neighbors great place close to super markets , stores,gyms,parks good area for pet's no fights no drama "
    0
    Flag
  • Anonymous
    "To watch your kids because there is old people driving around starring at kids trying to take them.Do just be careful and watch your kids at all times."
    3
    Flag
  • Espinozadanny
    "Good schools, but High schools are sometimes overcrowded in long beach so you petition in a lottery to get you child in."
    0
    Flag
  • Tiffanylauren7489
    "The commute is fine it just the right amount of Traffic once you get used to it you know what times to leave and get on the freeway"
    0
    Flag
  • Brian R.
    "it's ok a bit crowded and parking sucks but not a bad place to live but there different parts of Paramount that are better especially for a family that needs space."
    0
    Flag

LGBTQ Local Legal Protections

Esther Rosas-Castaneda, CK Real Estate
Agent Phone: (626) 465-9483
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
7240 Richfield St, Paramount, CA 90723 is a 11 bedroom, 5 bathroom, 5,286 sqft multi-family built in 1963. This property is currently available for sale and was listed by CRMLS on Apr 13, 2026. The MLS # for this home is MLS# DW26074603.