7245 Richfield St, Paramount, CA 90723
OFF MARKET
Listed by Kevin King, Marcus & Millichap, (562) 257-1200 . Bought with NONMEMBER MRML

7245 Richfield St
Paramount, CA 90723

  • 18 Beds
  • 9 Baths
  • 8,996 sqft (on 0.41 acres)
18 Beds
9 Baths
8,996 sqft
(on 0.41 acres)

Local Information

Map showing home location
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-- mins to
Commute Destination

Description

We are pleased to present 7245 Richfield Street, a 9 unit multi-family property located in Paramount, California. Built in 1987, the subject property consists of 8,996 rentable square feet spread throughout a .41 acre lot. The building consists entirely of condo quality, 2 bedroom 2 bathroom townhome style units. Each unit has washer/dryer hookups, a direct access 2 car garage and a private balcony or patio. There is also a shared laundry room and ample covered and open parking spaces available for tenant convenience.

The property is in a great location, tenants’ benefit from quick access to the 105, 710, and 605 Freeways, which makes a commute to large employment centers such as Downtown Los Angeles, Long Beach, and Orange County, much easier. The city of Paramount is promoting development, creation of business, and local events to create a tight knit- community.

Paramount is a strong rental market which has had an annual rent growth of 4.6%, mainly because of the city’s central location near large employment centers. This is a tight market with zero units delivered within the last 12 months and a vacancy rate of 2.1%. This is an absolutely incredible opportunity to acquire a true pride of ownership multi- family asset in one of the most accessible locations in the city and would be a great addition to any investor’s portfolio.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from November 21, 2023

Home Highlights

Parking
Garage
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 7245 Richfield St

Interior Features

Beds & Baths
Number of Bedrooms: 18Number of Bathrooms: 9
Appliances & Utilities
Laundry: Electric Dryer Hookup,Gas Dryer Hookup
Windows, Doors, Floors & Walls
Common Walls: 2+ Common Walls
Levels, Entrance, & Accessibility
Number of Stories: 2Entry Location: Front

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
Number of Garage Spaces: 10Number of Covered Spaces: 10Open Parking Spaces: 8Has a GarageParking Spaces: 18Parking: Garage
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 76

Property Information

Year Built
Year Built: 1987
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Not a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 6241020012

Price & Status

Price
List Price: $3,250,000
Status Change & Dates
Off Market Date: Thu Nov 09 2023

Active Status

MLS Status: Closed

Location

Direction & Address
City: Paramount

Building

Building Area
Building Area: 8996 Square Feet

Community

Community Features: Curbs, Gutter(s), SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 0.41 acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Cash to New Loan, 1031 Exchange

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: PW23158243Living Area Range Units: Square FeetAttribution Contact: kking@marcusmillichap.comCommon Interest: Community ApartmentUniversal Property Id: US-06037-N-6241020012-R-N

Additional Information

CurbsGutter(s)Sidewalks
Last check for updates: about 9 hours ago
Listed by Kevin King DRE #01158184
Marcus & Millichap
Ryan Gonzalez DRE #01874815
Marcus & Millichap
Bought with: General NONMEMBER DRE #NONMEMBER, NONMEMBER MRML
Originating MLS: California Regional MLS
Source: CRMLS, MLS#PW23158243

Price History for 7245 Richfield St

DatePriceEventSource
11/20/2023$3,000,000Sold
CRMLS #PW23158243
11/09/2023$3,250,000PendingCRMLS #PW23158243
08/25/2023$3,250,000Listed For SaleCRMLS #PW23158243
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Property Tax and Assessment

Year2025
Tax$40,990
Assessment$3,060,000
Home facts updated by county records

Comparable Sales for 7245 Richfield St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
14033 Arthur Ave, Paramount, CA
0.51
Multi-Family Home
$1,550,000
09/11/25
17
6
5,475
14048 McClure Ave, Paramount, CA
0.63
Multi-Family Home
$1,760,000
08/01/25
11
7
5,394
7913 Howe St, Paramount, CA
0.68
Multi-Family Home
$1,600,000
03/03/26
11
6
4,730
15954 Vermont Ave, Paramount, CA
1.15
Multi-Family Home
$1,600,000
03/03/26
10
9
4,443
7010 San Vincente St, Paramount, CA
0.38
Multi-Family Home
$800,000
12/22/25
6
4
2,488
8020 McKinley Ave, South Gate, CA
1.26
Multi-Family Home
$1,445,000
10/16/25
10
7
5,815
6513 San Miguel St, Paramount, CA
0.70
Multi-Family Home
$1,140,000
08/28/25
6
5
2,638
8152 McKinley Ave, Paramount, CA
1.31
Multi-Family Home
$1,450,000
10/10/25
12
6
5,160
11230 Louise Ave, Lynwood, CA
1.54
Multi-Family Home
$1,575,000
11/17/25
14
6
4,863

Nearby homes

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Assigned Schools

These are the assigned schools for 7245 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
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Homes for sale near 7245 Richfield St

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Off Market Homes Near 7245 Richfield St

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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

Homes for rent near 7245 Richfield St

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7245 Richfield St, Paramount, CA 90723 is a 18 bedroom, 9 bathroom, 8,996 sqft multi-family built in 1987. This property is not currently available for sale. 7245 Richfield St was last sold on Nov 20, 2023 for $3,000,000 (8% lower than the asking price of $3,250,000).