
Pico Rivera, California 90660
Analysis of 4918 Nw Tobias Avenue 6, Pico Rivera, California 90660 is currently available with a list price of $2,250,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Pico Rivera Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1947 and under the same ownership for over 40 years, the property is significantly dated with older wall heaters and window AC units. While the roof was replaced 3 years ago and the property is described as well-maintained and fully occupied, the age of the structures and the visible interior finishes suggest a need for cosmetic and system updates to meet modern standards.
With long-term, month-to-month tenants currently in place, this property offers a rare opportunity for investors to adjust rents to market rates and maximize the capitalization rate.
The roof on all six units was replaced only three years ago, significantly reducing immediate deferred maintenance costs and protecting the asset's long-term value.
Located less than a mile from the I-605 Freeway, the property is ideally positioned for tenants commuting to major employment hubs across Los Angeles and Orange Counties.
Built in 1947, the property may require ongoing investments in vintage plumbing, electrical, and mechanical systems that are common in mid-century multi-family buildings.
As a multi-family asset in Los Angeles County with long-term occupants, a new owner must navigate complex rent stabilization and tenant protection ordinances when implementing rent increases or unit renovations.
Six-Unit Multifamily Investment Opportunity in Pico Rivera! Offered for the first time in over 40 years, this well-maintained six-unit property presents an exceptional opportunity to acquire a multifamily asset in one of Southeast Los Angeles County’s established rental markets. The property features approximately 4,504 square feet of building area situated on a generous 12,254-square-foot lot. The roofs on all six units were replaced approximately three years ago, adding significant value and reducing a major near-term expense for the new owner. Conveniently located less than one mile from the I-605 Freeway and near Whittier Boulevard, the property offers easy access to surrounding cities, shopping, dining, transportation, and major employment centers. With a population of approximately 60,000 residents, Pico Rivera benefits from steady housing demand and a strategic location within Los Angeles County. Six-unit properties are rarely offered in this tightly held market, making this a unique opportunity for investors seeking an income-producing asset with immediate leasing potential and long-term upside..
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 4,504 | 1,597.2 |
| Lot Size | 12,254 | 7,700 |
| Price | $2.25M | $884.2K |
| Price per sq ft | $500 | $529 |
| Built year | 1947 | 1938 |
| HOA | $0 | $0 |
| Days on market | 100 | 60 |
Jun 1, 2026
$2,250,000
Initial Listing