7321 Richfield St , Paramount, CA 90723
$1,995,000
Est. Payment: $10,351.63/mo
15 Bed
7 Bath
6826 Sqft
0.43 Acres
Status: active | Days on site: 13
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51247 - CV33418
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House Description

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 freeways, the property offers excellent connectivity to surrounding employment centers and is situated near schools, parks, shopping, and dining. Combining strong current cash returns, a desirable mix of detached cottages and apartment units, substantial land area, and an excellent location, this offering presents an outstanding opportunity for investors seeking a well-positioned multi-family asset with lasting rental appeal.

Highlights

Listed by Kristopher German , 626-427-0786 RE/MAX 2000 REALTY , 626-956-0188. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.43

Year Built

1962

County

Los Angeles

Area

RL - Paramount North of Somerset

Listing ID

CV26227051

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:15
  • ▪ Bathrooms:7
Air Cond:Wall/Window Unit(s)
Fireplaces:
Water:Public

Exterior Features

Lot:0-1 Unit/Acre,No Land Lease
Garage Capacity:8
Zoning:PARM*
Roof:Shingle
Others:
  • ▪ Additional:2+ Total Units
Sewer:Public Sewer
Parking Features:Assigned,Garage,Paved
Principal Interest
$10,352
Taxes
$1,272

Home Price

$1,995,000

Loan Details

30 yrs
6.75%

Down Payment

20%
$399,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$10,351.63

Principal

Taxes

Principal Taxes HOA Total
Monthly $10,351.63 $1,271.81 $0.00 $11,623.44
Yearly $124,219.51 $15,261.75 $0.00 $139,481.26
Total $3,726,585.22 $457,852.50 $0.00 $4,184,437.72

Today's Rates

30 Year

6.75%

20 Year

6.86%

15 Year

6.24%

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Average Days on Market

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Market insight data is pulled from the same city as the listing being viewed (Paramount, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-07T21:34:20.000Z

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