Well-Maintained Six-Unit Income
For Sale
$2,250,000
4918 Tobias Avenue, Pico Rivera, CA 90660
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 Market129
Property Features for 4918 Tobias Avenue
General Information
Standard status
Active
Size
4,504 SF
Lot size
0.28 Acres
Property subtype
Triplex
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
6
Building Details
Building Size
4,504 SF
Year Built
1947
Tenancy
Multi
Listing Agency:
RE/MAX CHAMPIONS
Listed By:
Rosalba Farias · License #00987798
(626) 606-4888
Source:
Velocityrealtysd
Added: Jun 1
Changed: Sep 30
Last Checked: Oct 5 at 11:03PM
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 RE/MAX CHAMPIONS
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,473
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,449,460
$1.4M
Cap Rate 7%
$1,035,329
$1.0M
Cap Rate 9%
$805,256
$805.3K
Market Conditions
NOI Build-Up for 4,504 SF
Gross rent
$143.2K $31.80/SF
− Vacancy
−$11.5K −$2.54/SF
EGI
$131.8K $29.26/SF
− OpEx
−$59.3K −$13.17/SF
NOI
$72.5K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,449,460
Cap Rate 7%
$1,035,329
Cap Rate 9%
$805,256
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 authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
Explore this area
Business Placement
Demographics for 90660, CA
62,013
Population
17,281
Households
3.6
Avg Household Size
38
Median Age
16%
College-Educated
72%
High-School Grad
7.8 sq mi
ZIP Area
7,950
Density / Sq Mi
$86,956
Median Household Income
$41,526
Median Earnings
$1,775
Median Rent
$621,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
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 Tobias Avenue 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
