Estimated payment $6,008/month
Total Views
415
8
Beds
4
Baths
3,672
Sq Ft
$272
Price per Sq Ft
Highlights
- Hot Property
- Wood Flooring
- 4-minute walk to Veterans' Memorial Park
- Bell High School Rated A-
- Forced Air Heating System
About This Home
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. 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,838
Year Built
- Built in 1964
Home Design
- Asphalt Roof
Interior Spaces
- 3,672 Sq Ft Home
- 2-Story Property
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Laundry
- Laundry in unit
- Gas And Electric Dryer Hookup
Parking
- 6 Parking Spaces
- 6 Carport Spaces
Additional Features
- 5,874 Sq Ft Lot
- Forced Air Heating System
Community Details
- 2 Buildings
- 4 Units
- Low-Rise Condominium
Listing and Financial Details
- The owner pays for gardener, water
- Assessor Parcel Number 6315-017-026
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,838 | $389,459 | $156,171 | $233,288 |
| 2024 | $6,838 | $381,823 | $153,109 | $228,714 |
| 2023 | $6,723 | $374,337 | $150,107 | $224,230 |
| 2022 | $6,477 | $366,998 | $147,164 | $219,834 |
| 2021 | $6,394 | $359,803 | $144,279 | $215,524 |
| 2019 | $6,211 | $349,133 | $140,000 | $209,133 |
| 2018 | $6,065 | $342,288 | $137,255 | $205,033 |
| 2016 | $5,927 | $328,998 | $131,926 | $197,072 |
| 2015 | $5,835 | $324,057 | $129,945 | $194,112 |
| 2014 | $5,826 | $317,710 | $127,400 | $190,310 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/02/2025 09/02/25 | For Sale | $1,000,000 | -- | $272 / Sq Ft |
Source: The MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Similar Homes in the area
Source: The MLS
MLS Number: 25583621
APN: 6315-017-026
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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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