4918 Nw Tobias Avenue 6, Pico Rivera, California 90660, Pico Rivera, 90660 - 0 bed, 0 bath
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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.
Just Listed – Rare 6 Unit Multi-Family Opportunity in Pico Rivera. 4920–4918 Tobias Ave, Pico Rivera 90660. First time on the market in over 40 years! Exceptional investment opportunity featuring 6 fully occupied units with long-term month-to-month tenants. Pride of ownership throughout this well-maintained income property. Property Highlights: • Approx. 4,504 sq. ft. building. • Generous lot size of over 12,254 sq. ft. • Fully occupied – strong rental income potential. • Well kept by current owner. • Excellent upside potential for investors. • Located in a desirable rental area of Pico Rivera Prime Location: Conveniently located less than 1 mile from the I-605 Freeway near Whittier Blvd, providing easy access to surrounding cities, shopping, dining, and employment centers. Pico Rivera continues to benefit from its strategic Southeast Los Angeles County location and freeway accessibility. Pico Rivera is a strong and established rental market in Los Angeles County with a population of approximately 60,000 residents and steady housing demand. A rare chance to own a multi-family asset in a tightly held market where properties seldom become available. The roof was replace on all 6 units 3 yrs ago. For more information or to schedule a private showing, contact: Rosalba Farias – Realtor
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 | 1,590 |
| Lot Size | 12,254 | 8,243 |
| Price | $2.25M | $878.8K |
| Price per sq ft | $500 | $515 |
| Built year | 1947 | 1930 |
| HOA | $0 | $0 |
| Days on market | 0 | 44 |
Jun 1, 2026
$2,250,000
Initial Listing