7240 Richfield St

5
Baths
5,286 Sq. Ft.
$317 / Sq. Ft.
5,286
Sq. Ft.
$317
per Sq. Ft.

Description

Welcome to 7240 Richfield Street, your new investment property! This property includes 5 freestanding bungalows each with its own driveway and small yard. Four of the units have an attached 1 car garage. Tenants enjoy single-family comforts, making these highly desired units in the rental market. The property has been well-kept by its current owners. The three front units feature roofs that are less than 3 years old. Each property comes with its own electric and gas meter, while the all units share...Welcome to 7240 Richfield Street, your new investment property! This property includes 5 freestanding bungalows each with its own driveway and small yard. Four of the units have an attached 1 car garage. Tenants enjoy single-family comforts, making these highly desired units in the rental market. The property has been well-kept by its current owners. The three front units feature roofs that are less than 3 years old. Each property comes with its own electric and gas meter, while the all units share one water meter. Rents close to market providing a steady income flow. There are 4 2-bedroom 1 bathroom units ranging from 750-960 sq ft. There is one 3-bedroom 1 bathroom at 1,080 square feet. Several units are renovated. Property is conveniently located near 105 and 710 freeways providing easy access for commuters.
  1. Listed by Esther Rosas-Castaneda • DRE #02208117 • Brokerage DRE #01928317 • CK Real Estate • 626-465-9483
  2. Listed by Charlles Osorio • DRE #02439925 • Brokerage DRE #01928317 • CK Real Estate

Property Details for 7240 Richfield Street

Architectural Style
Bungalow
View
City Lights
Parking Spaces Total
11
Private Pool
No
Cooling Type
Wall/Window Unit(s)
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 05/05/2026 06:40 AM

Property Details for 7240 Richfield Street

StatusActive Under Contract
MLS #DW26074603
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1963
CountyLos Angeles County

Location

Listing Courtesy of CK Real Estate, Esther Rosas-Castaneda, DRE #02208117; CK Real Estate, Charlles Osorio, DRE #02439925
Add your commute

Building Information for 7240 Richfield Street

Building/Complex7240 Richfield StFloor-Stories1Residences-Pet Policy-Pet Policy Details-Year Built1963Building Size-

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$9,503 per month

30 year fixed, 6.46% Interest

Principal and Interest

$8,434

Property Taxes

$1,069

HOA Dues

$0

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Property Information for 7240 Richfield Street

Rental Info
Rental Info
  • Tenant Pays: Gas, Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $147,660
  • Gross Scheduled Income: $147,660
  • Vacancy Allowance Rate: 5
  • Gross Operating Income: $140,277
  • Net Operating Income: $87,950
  • Gross Multiplier: 11.34
  • Cap Rate: 5.25
Expense Details
  • Operating Expense: $52,327
  • Operating Expense Percent: 37.00%
  • Gardener Expense: $5,574
  • Licenses Expense: $544
  • Insurance Expense: $2,966
  • Maintenance Expense: $2,817
  • Maintenance Percent: 2.00%
  • Professional Management Expense: $8,450
  • Trash Expense: $4,677
  • Water Sewer Expense: $5,360
  • Total Expenses: $52,327
Tax / Assessment Info
  • Tax Block: B
  • Tax Tract Number: 11345
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 4
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Street Lights, Storm Drains, Sidewalks, Park
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Down
  • Bedroom Features: All Bedrooms Down
  • Laundry: Yes
  • Laundry Features: Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
  • Flooring Type: Vinyl
  • Flooring: Vinyl
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Stucco, Drywall Walls
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Exterior Features: Lighting
  • Roof: Shingle
  • Entry Location: Street Access
  • Foundation Details: Slab
  • Foundation Details: Slab
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
  • Spa Features: None
  • Spa Heat: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Natural Gas Connected, Sewer Connected, Cable Available, Electricity Connected, Water Connected
  • Electric: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Assigned, Garage
  • Uncovered Spaces: 7
  • Open Other Spaces Total: 7
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Garage, Assigned, Paved
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,225
  • Unit Type Total Rent: $2,225
  • Unit Type Pro Forma: 2800
  • Unit Type Type: 2
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,325
  • Unit Type Total Rent: $2,325
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 4
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,835
  • Unit Type Total Rent: $2,835
  • Unit Type Pro Forma: 3100
  • Unit Type Type: 1
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,595
  • Unit Type Total Rent: $2,595
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 3
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $2,325
  • Unit Type Total Rent: $2,325
  • Unit Type Pro Forma: 2900
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 0
  • Number With Range: 5
  • Number With Refrigerator: 3
  • Number Wall AC: 6

Property History for 7240 Richfield Street

DateEvent & SourcePriceAppreciation
May 1, 2026

Accepting Backup Offers

SDMLS #DW26074603

—
May 1, 2026

Accepting Backup Offers

CLAW #DW26074603MR

—
May 1, 2026

Accepting Backup Offers

CRMLS #DW26074603

—
DateEvent & SourcePrice
05/01/2026

Accepting Backup Offers

SDMLS #DW26074603

—
05/01/2026

Accepting Backup Offers

CLAW #DW26074603MR

—
05/01/2026

Accepting Backup Offers

CRMLS #DW26074603

—

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7240 Richfield Street

Taxable ValueLand$461,220Additions$390,751Total$851,971
Tax Record2025$12,831 ($1,069 / month)
Home Facts
Total Finished SqFt5,286 SqFtAbove Grade Finished SqFt5,286 SqFtLot Size18,065 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningPARM*CountyLOS ANGELESAPN6241-021-008

Schools near 7240 Richfield Street

This home is within Paramount Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Howard Tanner School
PublicK to 5

Frank J. Zamboni School
Public6 to 8

Buena Vista High School
Public9 to 12

Paramount High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of CK Real Estate, Esther Rosas-Castaneda, DRE #02208117; CK Real Estate, Charlles Osorio, DRE #02439925

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.