7317 Richfield St #5, Paramount, CA 90723
OFF MARKET
Listed by George Wang, Harvest Realtors, Inc., (866) 454-4878 . Bought with Harvest Realtors, Inc.

7317 Richfield St #5
Paramount, CA 90723

  • 10 Beds
  • 5 Baths
  • 4,620 sqft (on 0.42 acres)

$1,692,500

Trulia Estimate
as of Jul 29, 2026
Est. Refi. Payment $10,360/mo*
Refinance Your Home

$1,692,500

Trulia Estimate
as of Jul 29, 2026
Est. Refi. Payment $10,360/mo*
Refinance Your Home
10 Beds
5 Baths
4,620 sqft
(on 0.42 acres)

Local Information

  • Map ViewExplore the area around 7317 Richfield St #5.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1962
Lot Size
0.42 acres
Living Area
4,620 sqft
Price/Sqft
$366
HOA
None

About this House

Incredible Investment Opportunity – 5 Detached Units on a Huge Lot!

This rare investment property features 5 detached units, each with 2 bedrooms and 1 bathroom, located on an expansive 18,000 sq ft lot, offering endless potential for future development. Each unit boasts its own private yard space and indoor washer/dryer hookups, making these units highly desirable for tenants seeking privacy and convenience.

Currently, all units are occupied by long-term tenants, with rents significantly below market—an opportunity for substantial rental income growth. One unit has been remodeled, achieving current market rent of $2,700 per month. Tenants are responsible for electricity and gas, with each unit separately metered for both utilities, further reducing operating costs for the owner.

The lot also features ample parking for all tenants, adding to the property's appeal. Additionally, there is the possibility of adding an Accessory Dwelling Unit (ADU) for further income potential. This property is perfect for investors looking for stable cash flow with future upside through rent increases and development opportunities.

Don't miss this chance to own a prime multifamily property with great potential in a high-demand rental market!
7317 Richfield St #5, Paramount, CA 90723 is a 10 bedroom, 5 bathroom, 4,620 sqft multi-family built in 1962. It last sold for $1,650,000 on Nov 18, 2024 (3% above the $1,599,000 asking price). It is currently off market. The Trulia Estimate is $1,692,500, with a rent estimate of $2,531/month.

Home Details for 7317 Richfield St #5

Interior Features

Interior Details
Number of Rooms: 1Types of Rooms: Bedroom
Beds & Baths
Number of Bedrooms: 10Number of Bathrooms: 5
Appliances & Utilities
Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone AvailableLaundry: Gas Dryer Hookup,In Kitchen
Heating & Cooling
Heating: Wall FurnaceNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Wall Furnace
Fireplace & Spa
Fireplace: NoneSpa: NoneNo FireplaceNo Spa
Gas & Electric
Electric: Electricity - On Property
Windows, Doors, Floors & Walls
Flooring: LaminateCommon Walls: No Common Walls
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Levels: OneEntry Location: 1Floors: Laminate
View
No ViewView: None

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
No GarageNo Attached GarageParking: Assigned
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: 22

Property Information

Year Built
Year Built: 1962
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Mixed Use
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 6241020016

Price & Status

Price
List Price: $1,599,000
Status Change & Dates
Off Market Date: Mon Nov 18 2024

Active Status

MLS Status: Closed

Location

Direction & Address
City: Paramount

Building

Building Area
Building Area: 4620 Square Feet

Community

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

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 0.42 acres

Listing Info

Special Conditions: Standard

Offer

Contingencies: Broker/Agent does not guarantee the accuracy of square footage, lot size or other information concerning the condition or features of property provided by seller or obtained from public records or other sources, buyer is advised to independently verify the accuracy of that information through personal inspection and with appropriate professionals to satisfy themselves. Property is tenant occupied. Do not enter the premises. Drive-by only.Listing Terms: Cash to New Loan, 1031 Exchange

Business

Expense
Tenant Pays: Electricity, Gas

Rental Terms, Policies & Fees

No Rent Control

Miscellaneous

Mls Number: SB24199767Living Area Range Units: Square FeetAttribution Contact: 310-347-1300Activation Date: Thu Sep 26 2024Common Interest: NoneStart Showing Date: Thu Sep 26 2024Universal Property Id: US-06037-N-6241020016-R-N

Additional Information

Storm Drain(s)Street LightsSuburbanSidewalks
Last check for updates: about 4 hours ago
Listed by George Wang DRE #01751924, (310) 347-1300
Harvest Realtors, Inc.
Bought with: George Wang DRE #01751924, (866) 454-4878, Harvest Realtors, Inc.
Originating MLS: California Regional MLS
Source: CRMLS, MLS#SB24199767

Price History for 7317 Richfield St #5

DatePriceEventSource
11/18/2024$1,650,000Sold
CRMLS #SB24199767

Market trends in Paramount

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
28
4MoM
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Comparable Sales for 7317 Richfield St #5

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
7240 Richfield St, Paramount, CA
0.10
Multi-Family Home
$1,645,000
06/25/26
11
5
5,286
7913 Howe St, Paramount, CA
0.63
Multi-Family Home
$1,600,000
03/03/26
11
6
4,730
14048 McClure Ave, Paramount, CA
0.57
Multi-Family Home
$1,760,000
08/01/25
11
7
5,394
14033 Arthur Ave, Paramount, CA
0.46
Multi-Family Home
$1,550,000
09/11/25
17
6
5,475
7010 San Vincente St, Paramount, CA
0.43
Multi-Family Home
$800,000
12/22/25
6
4
2,488
15954 Vermont Ave, Paramount, CA
1.12
Multi-Family Home
$1,600,000
03/03/26
10
9
4,443
6513 San Miguel St, Paramount, CA
0.75
Multi-Family Home
$1,140,000
08/28/25
6
5
2,638
8020 McKinley Ave, South Gate, CA
1.22
Multi-Family Home
$1,445,000
10/16/25
10
7
5,815
8152 McKinley Ave, Paramount, CA
1.27
Multi-Family Home
$1,450,000
10/10/25
12
6
5,160

Nearby homes

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Assigned Schools

These are the assigned schools for 7317 Richfield St #5.
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

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Apartments for Rent

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Explore by feature - Pet Friendly

15 pet-friendly rentals in Paramount, CA

Explore by feature - Garage

13 rentals with a garage in Paramount, CA

Explore by feature - Air Conditioning

23 rentals with air conditioning in Paramount, CA

Explore by feature - Pool

9 rentals with a pool in Paramount, CA

Explore by feature - Washer/dryer

11 rentals with a washer/dryer in Paramount, CA

Explore by feature - Outdoor Space

Homes for sale near 7317 Richfield St #5

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Off Market Homes Near 7317 Richfield St #5

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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 2026-07-29 11:32:28 PDT 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