Six-Unit Multifamily Income
For Sale
$2,250,000
4918 Tobias Ave, Pico Rivera, CA 90660
Six fully occupied units in a well-maintained multifamily building with a roof replacement completed on all units.
Property Size4,504 SF
Lot Size0.28 Acres
Price / SF$499.56
Days on Market69
Property Features for 4918 Tobias Ave
General Information
Standard status
Active
Size
4,504 SF
Lot size
0.28 Acres
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
6
Building Details
Tenancy
Multi
Listing Agency:
RE/MAX CHAMPIONS
(626) 606-4888
Listed By:
Rosalba Farias · License #00987798
(626) 606-4888
Source:
Exprealty
Added: May 29
Changed: Jul 24
Last Checked: Jul 24 at 2:18AM
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 well-maintained six-unit multifamily property at 4918 Tobias Ave features six fully occupied units. The building size is approximately 4,504 square feet, situated on a lot of over 12,254 square feet. The current owner has kept the property in good condition, with pride of ownership evident throughout.
The roof was replaced on all six units approximately three years ago. The property is located in Pico Rivera with convenient access to the I-605 Freeway, less than one mile from the freeway near Whittier Blvd.
The offering presents an income-producing residential income property with all units currently occupied by long-term month-to-month tenants.
The roof was replaced on all six units approximately three years ago. The property is located in Pico Rivera with convenient access to the I-605 Freeway, less than one mile from the freeway near Whittier Blvd.
The offering presents an income-producing residential income property with all units currently occupied by long-term month-to-month tenants.
Key Highlights
- 6 fully occupied units in a well‑maintained multifamily building at 4920–4918 Tobias Ave, Pico Rivera (90660)
- Approx. 4,504 SF building on a lot size of over 12,254 SF
- Roof replacement completed on all 6 units 3 years ago
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 authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
651
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Six fully occupied units in a well-maintained multifamily building with a roof replacement completed on all units.
Where is this apartment building located?
The property is located at 4918 Tobias Ave 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 fully occupied units in a well‑maintained multifamily building at 4920–4918 Tobias Ave, Pico Rivera (90660); Approx. 4,504 SF building on a lot size of over 12,254 SF; Roof replacement completed on all 6 units 3 years ago
