Home | Los Angeles County | Paramount | 90723 | 7321 Richfield St
MLS: CRCV26227051 | Status: | Price: $1,995,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 18,708 | 1962 |
Just Listed! Exceptional opportunity to acquire a 7-unit multifamily property in the city of Paramount, featuring a desirable combination of three detached single-story Cottages and a two-story Fourplex. Delivering an attractive 6% current CAP Rate and 11.26 GRM, this investment offers strong day-one cash flow, spacious floor plans, and a unique residential setting that distinguishes it from traditional apartment properties. Situated on a generous 18,708 sq. ft. lot, the property features an excellent unit mix consisting of one 3-Bedroom/1-Bath detached cottage with a 2-car garage, two 2-Bedroom/1-Bath cottages with attached garages, and four 2-Bedroom/1-Bath units within the fourplex. Totaling approximately 6,826 rentable square feet, the property's large units and detached cottage configurations offer added privacy and appeal to discerning renters seeking more spacious living accommodations. Residents enjoy desirable amenities including private yards, individual laundry hookups, and ample onsite parking. The property has also benefited from improvements including copper plumbing and updated interiors, while air conditioning in all units provides additional comfort and convenience. Ideally located in Paramount with convenient access to the 105, 710, 605, and 91 freeway
| Field | Value |
|---|---|
| MLS # | CRCV26227051 |
| MLS Source | California Regional MLS |
| Days on Site | 2 |
| Feature | Details |
|---|---|
| Kitchen | None |
| Cooling | Window/Wall Unit |
| Feature | Details |
|---|---|
| Roof | Shingle |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Garage, Other, Garage: 4 Car(s) |
| HOA Fee | $0 |
Kristopher German
RE/MAX 2000 REALTY
License #: 01800021
Phone: (626) 427-0786
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 7 | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Howard Tanner School | public | K-5 | 0.15 mi | 6 |
| Los Cerritos School | public | K-5 | 0.28 mi | 7 |
| Paramount Adult | public | UG | 0.57 mi | N/A |
| Paramount Unified Community Day School | public | 7-12 | 0.57 mi | N/A |
| Paramount Park Middle School | public | 6-8 | 0.70 mi | 6 |
| Paramount Virtual Academy | public | K-12 | 0.84 mi | N/A |
| Mark Keppel School | public | K-5 | 0.85 mi | 4 |
| Frank J. Zamboni School | public | 6-8 | 0.89 mi | 6 |
| Cesar Chavez Continuation High School | public | 9-12 | 0.90 mi | 2 |
| Dominguez High School | public | 9-12 | 0.90 mi | 6 |
| Thurgood Marshall School | public | K-12 | 0.90 mi | 2 |
| Clinton, William Jefferson School | public | K-8 | 0.90 mi | 9 |
| Abraham Lincoln School | public | K-5 | 0.91 mi | 5 |
| Paramount High School | public | 9-12 | 0.94 mi | 5 |
| Theodore Roosevelt | public | K-5 | 0.96 mi | 5 |
| Janie P. Abbott Elementary School | public | K-6 | 1.08 mi | 4 |
| Hollydale School | public | K-8 | 1.12 mi | 5 |
| Harry Wirtz Elementary School | public | K-5 | 1.15 mi | 5 |
| Whaley Middle School | public | 6-8 | 1.16 mi | 8 |
| Wesley Gaines School | public | K-5 | 1.19 mi | 6 |
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This listing information is up-to-date as of October 21, 2026. For the most current information, please contact Kristopher German, (626) 427-0786.