Residential Income
New
For Sale
$1,995,000
7321 Richfield Street, Paramount, CA 90723
The property has wall- and window-mounted cooling units and assigned garage parking.
Property Size6,826 SF
Days on Market7
Property Features for 7321 Richfield Street
General Information
Standard status
Active
Size
6,826 SF
Total Parking Spaces
8
Property subtype
Residential Income
Zoning
PARM*
Net Operating Income
$120,418
Amenities
Street Lights, Sidewalks
Wall/Window Unit(s)
Block
Assigned, Garage, Paved
Building Details
Building Size
6,826 SF
Year Built
1962
Buildings
3
Stories
1
Listing Agency:
RE/MAX 2000 REALTY
Listed By:
Kristopher German · License #01800021
(626) 427-0786
Source:
Evrealestate
Added: Oct 20
Changed: Oct 25
Last Checked: Oct 24 at 6:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 2000 REALTY
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Investment Insights
Based on property information with market context.
This residential income property was built in 1962 and has wall- and window-mounted cooling units. Exterior features include block construction, assigned parking, garage parking, and paved surfaces. The property is zoned PARM*. It is south of Rosecrans Avenue and west of Paramount Boulevard in Paramount, Los Angeles County.
Key Highlights
- Built in 1962
- Zoned PARM*
- Wall- and window‑mounted cooling units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$109,836
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,196,720
$2.2M
Cap Rate 7%
$1,569,086
$1.6M
Cap Rate 9%
$1,220,400
$1.2M
Market Conditions
NOI Build-Up for 6,826 SF
Gross rent
$217.1K $31.80/SF
− Vacancy
−$17.4K −$2.54/SF
EGI
$199.7K $29.26/SF
− OpEx
−$89.9K −$13.17/SF
NOI
$109.8K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,196,720
Cap Rate 7%
$1,569,086
Cap Rate 9%
$1,220,400
Alternative Uses
Best Use
Apartment 5plus
$1.57M
$1.37M – $1.83M
NOI $109,836 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.65M
$3.20M – $4.26M
NOI $255,823 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,370
Businesses Nearby
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Business Placement
Demographics for 90723, CA
53,770
Population
14,585
Households
3.7
Avg Household Size
33
Median Age
13%
College-Educated
66%
High-School Grad
4.7 sq mi
ZIP Area
11,440
Density / Sq Mi
$70,912
Median Household Income
$35,032
Median Earnings
$1,772
Median Rent
$500,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The property has wall- and window-mounted cooling units and assigned garage parking.
Where is this residential income property located?
The property is located at 7321 Richfield Street Paramount, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Built in 1962; Zoned PARM*; Wall- and window‑mounted cooling units
