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$1,000,000
Est. payment /mo
8 Beds
4 Baths
3,672 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,672 sqft
Price per Sqft $272
MLS Listing ID 25583369
Bedrooms 8
HOA Y/N No
Year Built 1964
Lot Size 6,163 Sqft
Property Description
NO RENT CONTROL under Bell City jurisdiction . 6237 ALAMO (4 UNITS $1,000,000) TO BE SOLD TOGETHER WITH 6241 ALAMO (4 UNITS $1,000,000) FOR A TOTAL PACKAGE PRICE OF $2,000,000!Rarely available on the market, this well-maintained 8-unit investment offers a unique opportunity to acquire two neighboring 4-unit buildings sold together as one package. Situated on a 12,034 SF lot with 7,344 SF of living area, the property features a desirable 2-bedroom/1-bath unit mix, each with in-unit laundry hookups that support strong tenant demand and long-term retention.The combined property currently generates $12,560 per month in rental income, with over 40% income upside compared to market rents. All units are fully occupied and current on rent, providing immediate cash flow along with exceptional value-add potential.Recent capital improvements further strengthen the property's appeal and reduce near-term expenses, including a brand-new roof with carport (2023, $52,500) and new concrete in the alley and backyard (2024, $14,000). With 12 on-site parking spaces and consistent management, this is a clean, low-maintenance multifamily investment. Conveniently located just minutes from the 710 and 5 freeways, this offering combines stability, strong rental upside, and long-term growth potential- ideal choice for investors seeking value-add opportunities, redevelopment options, or a 1031 exchange. No rent control(Buyer to verify County/State regulations.)
Location
State CA
County Los Angeles
Area T6 - Maywood, Bell
Zoning BLR3*
Interior
Heating Forced Air
Cooling None
Flooring Carpet, Laminate, Wood
Fireplaces Type None
Fireplace No
Exterior
Parking Features Carport
Carport Spaces 6
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6315017025
Security Features Smoke Detector(s)
Special Listing Condition Standard
Lease Land No
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Listed by Ki Seon Im Ivy Realty Co.
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