Average square foot calculated using Size range provided by listing agent.
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.)Show Description
MLS® Number25583621
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1964
Stories2
Pets
Corp Number
Included in Maintenance Fee
Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance
Utilities
HeatForced Air
A/CNone
Heating Fuel
Extras
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