Price Reduced Listing
$849,999
 $4,563 est/mo Sourced by Back At You

4623 E 4th,Los Angeles, CA 90022

Los Angeles, CA 90022

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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 bathroomsan 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

Details

MLS #DW26165673
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year1951
Days On Site27
Listing Provided ByCentury 21 Allstars | Danny Navarro

Features

SQ Feet1,392
Story(s)1
Units4
Building(s)2
Acreage0.22

Exterior

Lot FeaturesBack Yard

Parking

Garage Yes / NoNo

Utilities

UtilitiesSewer Not Available
SewerNone

Location

Community FeaturesSidewalks

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90022
AreaBOYH Boyle Heights
Listing VS Median (in 90022)
Price:
$849,999
low | high
Med:
$989,000
33.646921937555% of Average
sqft:
1,392
low | high
Med:
4,261
100% of Average
$ / sqft:
$611
low | high
Med:
$232
100% of Average
On site:
27
low | high
Med:
395
6.835443037975% of Average
Sourced by Back At You

Market Activity 90022

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90022
AreaBOYH Boyle Heights
Listing VS Median (in 90022)
Price:
$849,999
low | high
Med:
$989,000
33.646921937555% of Average
sqft:
1,392
low | high
Med:
4,261
100% of Average
$ / sqft:
$611
low | high
Med:
$232
100% of Average
On site:
27
low | high
Med:
395
6.835443037975% of Average
Sourced by Back At You
Listing Updated: August 21, 2026 at 9:43:25 PM PDT