In a pot over low heat, add oil, bell pepper, onion, and garlic cook until softened, about 2 minutes.
Add lime juice, sofrito, tomato paste, adobo, sazon, salt, oregano, and cumin. Cook for 2 minutes until it forms a paste.
Add beans and cook for 1 minutes, stirring continuously. Add water and cook for 10 minutes until beans are soft.
Stir in washed rice and cook until most of the water is absorbed, stirring frequently to prevent from sticking.
Form the rice into a dome in the middle of the pot, cover with a lid, reduce heat to low, and cook for 20 minutes.
Remove from heat, fluff with a fork, cover, and let sit for 5 minutes before serving. Buen provecho!