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4623 E 4thLos Angeles, CA 90022

Los Angeles County

$849,999List price
20Beds
20Baths
1,392Sq Ft
1951Year built
0.22Acre lot
2Garage
1Stories
3 months agoOn market

Description

Prime Development Opportunity | RTI Plans Approved for Four Luxury Units | 4623 E 4th Street, Los Angeles, CA 90022 An exceptional investment opportunity in the heart of East Los Angeles! This property comes with approved plans for the construction of four modern, three-story residential units, each thoughtfully designed with 5 bedrooms and 5 bathrooms—an ideal layout for today's strong rental demand. Skip the lengthy entitlement process and move directly toward construction with plans already approved, allowing investors and developers to accelerate their timeline. Once completed, the project is designed to offer approximately 20 bedrooms and 20 bathrooms across four spacious residences, making it an outstanding addition to any investment portfolio. Based on the proposed unit configuration and current market conditions, the completed project has the potential to generate approximately $20,000 per month in gross rental income, though buyers should conduct their own due diligence to verify rental projections and operating assumptions. Located just minutes from Downtown Los Angeles with convenient access to major freeways, schools, shopping, restaurants, and public transportation, this is a rare opportunity to develop a high-demand rental asset in one of East Los Angeles' most established neighborhoods. Highlights: Approved plans for 4 residential units Three-story building design Each unit features 5 bedrooms & 5 bathrooms Excellent income-producing potential Prime East Los Angeles location with strong rental demand Buyer to verify all permits, plans, square footage, rental income projections, and development potential with the appropriate agencies and professionals.

Property Information

Property type
Residential
Sub-type
Single Family Residence
Structure type
House
Year built
1951
Stories
1
Living area
1,392 Sq Ft
Lot size
0.22 acres
Garage spaces
2
Parking spaces
2
Days on market
93
MLS® Listing#
DW26165698

Property Features

Appliances
Dryer
Cooling
None
Fireplace
None
Pool
None
Laundry
Electric Dryer Hookup · Gas Dryer Hookup
Lot features
Back Yard
Community
Suburban
Sewer
Private Sewer
Water source
Public

Financial Details

HOA
None
Parcel number
5247023021

Directions

Off 4th

Listing Courtesy: Century 21 Allstars - 949-903-6633

Presented by: Danny Navarro

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-07-22 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Licensed in the state of California.

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  • Krissy Allen

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