REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,000,000
Est. payment | /mo
8 Beds
4 Baths
3,672 SqFt
$ 1,000,000
Est. payment | /mo
8 Beds
4 Baths
3,672 SqFt
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. 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.
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
Listed by Ki Seon Im Ivy Realty Co.