NO RENT CONTROL. 6241 ALAMO (4 UNITS $1,000,000) TO BE SOLD TOGETHER WITH 6237 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.… Read More 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. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
8
Square Ft.
3,672
Lot Size
0.13 Acres
Year Built
1964
MLS Number
25583621
30 Days Snapshot Of 90201
$685k
0%
(avg) sold price
89
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1964, Building area total: 3,672, Levels: Two, Living area: 3672, 2 stories, 2 buildings
Cooling
None
Fireplaces
None
Floors
Carpet, Laminate, Wood
Heating
ForcedAir
Income
Gross income: $150,720, Net operating income: $123,183
Lot
0.1348 acres, 5,874 square feet, Size: 5,874
Parking
6 carport spaces, 6 totals parking, Carport
Property
Zoning: BLR3*
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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