Map location of 7245 Richfield Street, Paramount, CA 90723
$3,250,000
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7245 Richfield Street, Paramount, CA 90723

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2 Beds
1 Bath
- Sq Ft

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 citys 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 investors portfolio.

Listing By: Kevin King - Marcus & Millichap casmls-r Realty.com
  • MLS# PW23158243
  • Date Listed08/23/2023
  • Bedrooms 2
  • Bathrooms 1 baths
  • Lot Size -
  • County Los Angeles

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT -
  • Lot Features -

Directions

W on Somerset Blvd, turn right on Garfield Ave, left on Richfield St, property on Right

Financial Considerations

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places

Walkability in CA / 90723

Source: Walkscore

70/100

Very Walkable

Walk Score ®

55/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 66/100, Transit Score: 7/100, Bike Score: 58/100.

Points of Interest near 7245 Richfield Street, Paramount, CA 90723

Frequently Asked Questions for 7245 Richfield Street

Source: Realty.com

7245 Richfield Street, Paramount, CA 90723 is a Multi Family, Residential Income property listed for $3,250,000 The property is - sq. ft with 2 bedrooms and 1 bathrooms

Realty.com has 5 photos of 7245 Richfield Street.

The full address for this home is 7245 Richfield Street, Paramount, CA 90723.

7245 Richfield Street has been listed on Realty.com since Wed August 23, 2023

Most errands can be accomplished on foot. It is possible to get on a bus. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 66/100, Transit Score: 7/100, Bike Score: 58/100.

Listing provided courtesy of: Marcus & Millichap (tel: 562-257-1200)
Listing agent: Kevin King (#CR-PKEVKING)

This content last refreshed on 2025-12-20 12:40:27. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

Export listing data of 7245 Richfield Street, Paramount, CA 90723 : MLS# PW23158243

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