4950 Passons Blvd - Apartments FOR SALE


Pico Rivera, CA 90660- El Rancho
$625,000 USD
626-657-8150
4950 Passons Blvd, Pico Rivera, CA for Sale
$625,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

4950 Passons Blvd
Pico Rivera, CA 90660
El Rancho


HIGHLIGHTS

  • Rare opportunity, a Duplex owned by the same family since 1983, is offered for sale for the first time in over four decades
  • The property consists of two single-story 2-bedroom, 1-bathroom units | Well-proportioned layouts that support long-term tenant occupancy
  • Each unit includes garage parking for added convenience | The lot offers excellent potential for an ADU (garage conversion)
  • Located along Whittier Blvd in Pico Rivera, the property is within walking distance to shops, restaurants, and daily amenities
  • Walk Score of 71 | Quick access to the 605, 60, and 5 freeways, with Pico Rivera Plaza and other nearby conveniences just minutes away
  • This property is subject only to California's statewide AB 1482 rent ordinance and is not subject to any local rent control

OVERVIEW

Rare opportunity! This duplex, owned by the same family since 1983, is offered for sale for the first time in over four decades. The property consists of two single-story 2-bedroom, 1-bathroom units with well-proportioned layouts that have supported strong, long-term tenant occupancy. Each unit includes garage parking for added convenience. The lot offers excellent potential for an ADU (garage conversion), providing a clear path to additional rental income and increased property value. Located along Whittier Blvd in Pico Rivera, the property is within walking distance to shops, restaurants, and daily amenities. It boasts a Walk Score of 71, allowing residents to enjoy a highly livable lifestyle with minimal car dependency. Commuters benefit from quick access to the 605, 60, and 5 freeways, with Pico Rivera Plaza and other nearby conveniences just minutes away. This value-add duplex presents an opportunity to update interiors and optimize rental income while capitalizing on steady local demand. From a regulatory standpoint, the property is subject only to California's statewide AB 1482 rent ordinance and is not subject to any local rent control, offering greater flexibility in rent management. Featuring decades of long-term ownership, solid fundamentals, and meaningful upside, this duplex is a standout addition for any portfolio. Located on Passons Blvd between Whittier Blvd and West Blvd. The nearest major intersection is Whittier Blvd and Rosemead Blvd. Both Units Are Occupied. Please do not walk on the property, do not disturb or engage tenants regarding the property. Drive by only, tenants are not aware of the sale, direct all questions to agent. For more information and to obtain a full marketing package (including rent roll, income/expense breakdown), please call/text/email the agent.

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$437 USD /SF

# OF UNITS

2

PRICE/UNIT

$312,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Duplex | Pico Rivera | 2 bed + 1 bath Each

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,965 SF

ZONING

PRRM*

APN/PARCEL ID

6375-022-019

ASK ABOUT THIS PROPERTY

Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
626-657-8150

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Shant SherbetdjianRE/MAX Commercial & Investment RealtyMore Info
626-657-8150

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.