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Listed by Kristopher German, DRE #01800021 • RE/MAX 2000 REALTY
$ 1,995,000
Est. payment /mo
Active
7321 Richfield ST Paramount, CA 90723
0.43 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV26227051
Year Built 1962
Lot Size 0.429 Acres
Source California Regional MLS
Property 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 freeway
Location
State CA
County Los Angeles
Area Rl - Paramount North Of Somerset
Rooms
Kitchen None
Interior
Cooling Window / Wall Unit
Laundry Gas Hookup, 30
Exterior
Parking Features Assigned Spaces, Garage, Other
Garage Spaces 8.0
Pool 31, None
View None
Roof Type Shingle
Building
Story One Story
Water District - Public
Others
Tax ID 6241020017
Special Listing Condition Not Applicable
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