7260 Richfield St 307 Paramount, CA 90723

2 beds · 2 baths · 925 sq ft · Lot Size: 80,303 sq ft · Residential Condominium · Paramount
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7260 Richfield St 307 is in the Paramount neighborhood of Paramount, CA. It is located in Los Angeles County and ZIP code 90723. This Residential Condominium was built in 1979 and is approximately 46 years old. The residential condominium spans 925 sq ft with 2 bedrooms and 2 bathrooms and sits on a 80303 sq ft lot. According to public records, it was last sold in 2018 for $285,000. The Paramount area of Paramount has 866 residential homes. Analyze and compare real estate investment strategies for properties like this home at 7260 Richfield St 307 Paramount, CA 90723 with Property Intel by Whitepages.

Investment Potential for 7260 Richfield St 307

The property has a current estimated value of $458,026, which is 4% above the neighborhood median, based on public records. It last sold on March 29, 2018 for $285K. Projected long-term
is $45,000 annually ($3,750 per month) with a 96% occupancy rate.

Long-Term

Gross Rental
$45,000 per year($3,750 per month)
Net Operating Income
Cap Rate
Occupancy Rate
96%in 90723 zip code
 
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Owners & Occupancy for 7260 Richfield St 307

No contact information is available.

Occupancy

Resident 1***************
Resident 2********************
Resident 3*************
Resident 4**************
Resident 5*******************

Property Details for 7260 Richfield St 307

Property Details

Property Sq Ft

Living Area

925 sq ft

Compare to Paramount

Lot Size

80,303 sq ft

Compare to Paramount

Price Per Sq Ft

Living Area

$495 / sq ft

Compare to Paramount

Lot Size Area

$6 / sq ft

Compare to Paramount
Property condition, age, exterior, etc. for 7260 Richf…
Longitude: -118.171117 Latitude: 33.90131 Parcel Number (APN): 6241-021-070…
Mortgage originated on through lender: New American Fndg for$******View Mortgage Details
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Market Benchmarks

Compare data for 7260 Richfield St 307 in Los Angeles County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$458,026
$573,873
-$115,847 (-20%)
$825,801
-$237,657 (-29%)
YoY Price Change
0.91%
209%
Year Built
1979
1982
-3 years
Living Space
925 sq ft
1,118 sq ft
-193 (-17%)
$ Per Living Sq Ft
$495
$508
-$13 (-3%)
Lot Size
80,303 sq ft
26,743 sq ft
53560 (200%)
$ Per Lot Sq Ft
$6
$23
-$17 (-75%)

Net Operating Income
$32,211
-$1,717 (-5%)
Annual Revenue
$45,000
$45,000
$0 (0%)
$11,777
$2,729 (23%)
Net Operating Income
$32,211
-$1,717 (-5%)
Cap Rate
5.44%
Home Value Comparison: Property vs. Local and Regional 2-Bed Residential Condominium Medians