7321 Richfield Street
Paramount, CA 90723
Listing broker / agent: RE/MAX 2000 REALTY · Kristopher German · 909-645-0443 · CRMLS
MLS # CV26227051 · Last checked Oct 22, 2026 08:18 UTC
About this property
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.
Property details
- MLS number
- CV26227051
- Status
- Active
- Type
- Residential Income
- Subtype
- Apartment
- Lot size
- 0.4295 acres
- Year built
- 1962
- Stories
- 1
More property detailsCollapse
Listing
- Days on market
- 1
Building
- Year built
- 1962
- Year built source
- Assessor
- Stories
- 1
- Building stories
- 2
- Levels
- One, Two
- Entry level
- 1
- Roof
- Shingle
Rooms & interior
- Cooling
- Wall Window Units
- Fireplace
- None
- Laundry
- Washer Hookup, Gas Dryer Hookup
Exterior & parking
- Total parking spaces
- 8
- Garage spaces
- 4
- Parking
- Assigned, Garage, Paved
- Pool
- None
- Spa
- None
- Lot features
- Zero To One Unit Acre
- Lot size source
- Assessor
- Fencing
- Block
- Property outlook
- None
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Available, Natural Gas Available, Sewer Available, Water Available
- Community features
- Street Lights, Sidewalks
Fees & lease terms
- Association
- No
- Association fee
- $0.00
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Howard Tanner Paramount Unified · Paramount | K–5 | 0.1 mi |
| Los Cerritos Paramount Unified · Paramount | K–5 | 0.3 mi |
| Paramount Park Middle Paramount Unified · Paramount | 6–8 | 0.7 mi |
| Mark Keppel Paramount Unified · Paramount | K–5 | 0.8 mi |
| Clinton, William Jefferson (school website, opens in a new tab) Compton Unified · Compton | Not reported | 0.9 mi |
| Frank J. Zamboni Paramount Unified · Paramount | 6–8 | 0.9 mi |
| Abraham Lincoln Paramount Unified · Paramount | K–5 | 0.9 mi |
| Manuel Dominguez High (school website, opens in a new tab) Compton Unified · Compton | 9–12 | 0.9 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $1,995,000
- MLS-reported original asking price
- $1,995,000
| Observed (UTC) | Asking price |
|---|---|
| Oct 20, 2026 19:34 | $1,995,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Paramount
Active residential homes for sale in Paramount, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
10 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-22 08:36 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗