Well-Maintained Six-Unit Income
4918 NW Tobias Ave 6 Pico Rivera, CA 90660
4918 NW Tobias Ave 6, Pico Rivera, CA, 90660
$2,250,000
For Sale
$2,250,000
Six fully occupied units within a well-kept multifamily building, with a roof replacement completed for all units three years ago.
Property Size4,504 SF
Lot Size0.28 Acres
Price / SF$499.56
Days on Market48
Property Features for 4918 NW Tobias Ave 6
General Information
- Standard status
- Active
- Size
- 4,504 SF
- Lot size
- 0.28 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1947
Listing agency
(408) 639-8362
Listed by
Rosalba Farias
Source
Elliman
Added: Jun 4 Updated: Jul 21 at 3:21AM Checked: Jul 21 at 3:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rosalba Farias
Investment Insights
Based on property information with market context.
This six-unit multifamily property is configured as fully occupied rental units and is described as well-maintained under the current ownership. The building totals approximately 4,504 square feet on a lot size of over 12,254 square feet. A roof replacement was completed for all six units approximately three years ago.
The property is located at 4920–4918 Tobias Ave in Pico Rivera, with access to the I-605 Freeway listed as less than one mile away near Whittier Blvd. The area is characterized in the remarks as a desirable rental market with steady housing demand.
For buyers seeking an income-producing asset, this offering presents a chance to own a small multifamily building in a tightly held local market, with all six units reported occupied on a month-to-month basis.
The property is located at 4920–4918 Tobias Ave in Pico Rivera, with access to the I-605 Freeway listed as less than one mile away near Whittier Blvd. The area is characterized in the remarks as a desirable rental market with steady housing demand.
For buyers seeking an income-producing asset, this offering presents a chance to own a small multifamily building in a tightly held local market, with all six units reported occupied on a month-to-month basis.
Key Highlights
- 6‑unit multifamily property built in 1947 with approx. 4,504 sq. ft. building size
- All 6 units are fully occupied with long‑term month‑to‑month tenants
- Roof replacement was completed for all 6 units approx. 3 years ago
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $143.2k | $31.80 |
| − Vacancy | −$11.5k | −$2.54 |
| EGI | $131.8k | $29.26 |
| − OpEx | −$59.3k | −$13.17 |
| NOI | $72.5k | $16.09 |
4,504 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.04M
$905.9K – $1.21M
NOI $72,473 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,800 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six fully occupied units within a well-kept multifamily building, with a roof replacement completed for all units three years ago.
Where is this apartment building located?
The property is located at 4918 NW Tobias Ave 6 Pico Rivera, CA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 6‑unit multifamily property built in 1947 with approx. 4,504 sq. ft. building size; All 6 units are fully occupied with long‑term month‑to‑month tenants; Roof replacement was completed for all 6 units approx. 3 years ago
