Residential Income - 7321 Richfield Street, Paramount, CA

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 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

Location

7321 Richfield Street • Paramount, CA 90723

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