4950 Passons Blvd, Pico Rivera, CA 90660

Property Description

PROPERTY TO BE DELIVERED FULLY OCCUPIED. NO UNITS WILL BE DELIVERED VACANT. 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.