7253 Richfield St

Paramount, CA 90723

$1,700,000
Last Sold Price
18
Beds
10
Baths
9,140 Sq. Ft.
$186 / Sq. Ft.
9,140
Sq. Ft.
$186
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 10/31/14
Closed 10/31/14

Description

10 unit bungalow style apartment building. Each unit has it's own yard and garage with no common walls. Property consists of 8 two bedroom 1 bath and 2 four bedroom 1 bath units. All roofs were replaced in 2011. Huge 33,973 square foot lot.10 unit bungalow style apartment building. Each unit has it's own yard and garage with no common walls. Property consists of 8 two bedroom 1 bath and 2 four bedroom 1 bath units. All roofs were replaced in 2011. Huge 33,973 square foot lot.
  1. Listed by Stephen Day • DRE #01200586 • Day & Associates

Property Details for 7253 Richfield Street

Parking Spaces Total
20
Private Pool
No
Cooling Type
None
Total Units
10.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
9140
Assessor Parcel Number
6241020066
LISTING UPDATED: 10/31/2014 09:00 AM

Property Details for 7253 Richfield Street

StatusClosed
MLS #SB14162660
Days on Market6
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.78 AC / 33,973 SF
CountyLos Angeles County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Day & Associates, Stephen Day, DRE #01200586

Sold By Hiu Chan, Broker, Hiu Chan, DRE #01297322

Add your commute

Building Information for 7253 Richfield Street

Stories1Residences-Year Built1959Building Size-Lot Size0.78 AC / 33,973 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$10,652 per month

30 year fixed, 6.11% Interest

Principal and Interest

$8,250

Property Taxes

$2,402

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 7253 Richfield Street

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $12,570
  • Gross Scheduled Income: $150,840
  • Gross Equity: $1,200,000
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $114,826
  • Number Of Rented Garages: 0
  • Gross Multiplier: 10.61
  • Cap Rate: 5.99
  • Financing: Conventional
Expense Details
  • Operating Expense: $31,489
  • Operating Expense Percent: 21.00%
  • New Taxes Expense: $19,040
  • Gardener Expense: $1,260
  • Electric Expense: $0
  • Insurance Expense: $4,993
  • Maintenance Expense: $9,959
  • Maintenance Percent: 6.00%
  • Professional Management Expense: $7,183
  • Workmans Compensation Expense: $763
  • Trash Expense: $3,038
  • Water Sewer Expense: $4,086
Tax / Assessment Info
  • Tax Year: 2013
  • Tax Block: A
  • Tax Tract Number: 11345
  • Tax Lot: 5
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: 6-10 Units/Acre
  • Number Of Units: 10
  • Land Lease Type: Fee
  • Levels: One
  • Water: District
  • Sewer: In Connected and Paid
  • Utilities: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 10
  • Parking: Yes
  • Parking Garage: Assigned
  • Parking Garage Spaces: 10
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,250
  • Unit Type Total Rent: $5,000
  • Unit Type Pro Forma: 5200
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
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: $1,300
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 1300
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit 3
  • 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: $1,295
  • Unit Type Total Rent: $1,295
  • Unit Type Pro Forma: 1300
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
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: $1,125
  • Unit Type Total Rent: $1,125
  • Unit Type Pro Forma: 1300
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,550
  • Unit Type Total Rent: $1,550
  • Unit Type Pro Forma: 1600
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $1,150
  • Unit Type Total Rent: $1,150
  • Unit Type Pro Forma: 1600
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 6
Unit 7
  • 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: $1,150
  • Unit Type Total Rent: $1,150
  • Unit Type Pro Forma: 1300
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 7
Unit Information
  • Number Of Units Leased: 10
  • Rent Controlled: No
  • Number Of Buildings: 10
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 1

Property History for 7253 Richfield Street

DateEvent & SourcePriceAppreciation
Feb 9, 2024

Withdrawn / Cancelled

CRMLS #PW23214383

$3,300,000—
Feb 9, 2024

Withdrawn / Cancelled

CLAW #PW23214383MR

—
Nov 20, 2023

Listed (Active)

CRMLS #PW23214383

$3,300,000—
Nov 7, 2023

Listed (Active)

CLAW #PW23214383MR

$3,300,000—
Oct 31, 2014

Sold

CRMLS #SB14162660

$1,700,000—
Oct 31, 2014

Sold

CLAW #SB14162660MR

$1,700,000—
Oct 28, 2014

Sold (Public Record)

Public Record #473300078

$1,700,000—
Aug 5, 2014

Pending

CLAW #SB14162660MR

—
Aug 5, 2014

Pending

CRMLS #SB14162660

—
Jul 31, 2014

Listed (Active)

CLAW #SB14162660MR

$1,600,000—
Jul 31, 2014

Listed (Active)

CRMLS #SB14162660

$1,600,000—
DateEvent & SourcePrice
02/09/2024

Withdrawn / Cancelled

CRMLS #PW23214383

$3,300,000
02/09/2024

Withdrawn / Cancelled

CLAW #PW23214383MR

—
11/20/2023

Listed (Active)

CRMLS #PW23214383

$3,300,000
11/07/2023

Listed (Active)

CLAW #PW23214383MR

$3,300,000
10/31/2014

Sold

CRMLS #SB14162660

$1,700,000
10/31/2014

Sold

CLAW #SB14162660MR

$1,700,000
10/28/2014

Sold (Public Record)

Public Record #473300078

$1,700,000
08/05/2014

Pending

CLAW #SB14162660MR

—
08/05/2014

Pending

CRMLS #SB14162660

—
07/31/2014

Listed (Active)

CLAW #SB14162660MR

$1,600,000
07/31/2014

Listed (Active)

CRMLS #SB14162660

$1,600,000

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

Public Records for 7253 Richfield Street

Taxable ValueLand$1,123,725Additions$919,410Total$2,043,135
Tax Record2025$28,828 ($2,402 / month)
Home Facts
Total Finished SqFt9,140 SqFtAbove Grade Finished SqFt9,140 SqFtLot Size33,973 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningPARM*CountyLOS ANGELESAPN6241-020-066

Schools near 7253 Richfield Street

This home is within Paramount Unified School District.
Rating
School
Type
Grades
Distance
Howard Tanner School
Public - K to 5
Frank J. Zamboni School
Public - 6 to 8
Buena Vista High School
Public - 9 to 12
Paramount High School
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.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Day & Associates, Stephen Day, DRE #01200586

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.