Six-Unit Apartment
For Sale
$2,250,000
6-4918 Tobias Ave, Pico Rivera, CA 90660
Fully occupied multifamily property with month-to-month tenancy and a recently replaced roof serving all units.
Property Size4,504 SF
Lot Size0.28 Acres
Price / SF$499.56
Days on Market69
Property Features for 6-4918 Tobias Ave
General Information
Standard status
Active
Size
4,504 SF
Lot size
0.28 Acres
Property subtype
Residential Income
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
6
Listing Agency:
RE/MAX CHAMPIONS
(626) 606-4888
Listed By:
Rosalba Farias · License #00987798
(626) 606-4888
Source:
Exprealty
Added: May 29
Changed: Aug 3
Last Checked: Aug 3 at 6:44AM
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 apartment building in Pico Rivera contains approximately 4,504 square feet on a lot measuring over 12,254 square feet. The property is fully occupied by long-term, month-to-month tenants and has been maintained by the current owner. The roof was replaced across all six units three years ago.
Located on Tobias Ave near Whittier Blvd, the property sits less than 1 mile from the I-605 Freeway. Its setting provides access to surrounding cities, shopping, dining, and employment centers. The asset has been held by the same ownership for more than 40 years, offering a long-established multifamily property in an established Los Angeles County rental market.
Located on Tobias Ave near Whittier Blvd, the property sits less than 1 mile from the I-605 Freeway. Its setting provides access to surrounding cities, shopping, dining, and employment centers. The asset has been held by the same ownership for more than 40 years, offering a long-established multifamily property in an established Los Angeles County rental market.
Key Highlights
- Six‑unit apartment property with approximately 4,504 sq. ft. of building area
- Lot size exceeds 12,254 sq. ft.
- All six units are fully occupied by long‑term, month‑to‑month tenants
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
937
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with month-to-month tenancy and a recently replaced roof serving all units.
Where is this apartment building located?
The property is located at 6-4918 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: Six‑unit apartment property with approximately 4,504 sq. ft. of building area; Lot size exceeds 12,254 sq. ft.; All six units are fully occupied by long‑term, month‑to‑month tenants
