7321 Richfield Street, Paramount, CA 90723

Paramount
Local realty services provided by:Better Homes and Gardens Real Estate Champions
7321 Richfield Street,Paramount, CA 90723
$1,995,000
  • - Beds
  • - Baths
  • 6,826 sq. ft.
  • Multi-family
  • Active
Listed by: kristopher german
Office: re/max 2000 realty626-956-0188
MLS#:CV26227051
Source:CRMLS

Price summary

  • Price:$1,995,000
  • Price per sq. ft.:$292.26

About this home

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...

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Home facts

  • Year built:1962
  • Listing ID #:CV26227051
  • Added:2 day(s) ago
  • Updated:October 23, 2026 at 11:44 AM

Rooms and interior

  • Living area:6,826 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units

Structure and exterior

  • Roof:Shingle
  • Year built:1962
  • Building area:6,826 sq. ft.
  • Lot area:0.43 Acres
  • Levels:1 Story

Utilities

  • Water:Public, Water Available
  • Sewer:Public Sewer, Sewer Available

Finances and disclosures

  • Price:$1,995,000
  • Price per sq. ft.:$292.26

Parking

  • Total parking spaces:8
  • Parking description:Assigned, Garage, Paved
  • Garage:Yes
  • Garage spaces:4
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