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4623 E 4th

Los Angeles, CA 90022
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Bed 20

Bed

Bath 20

Bath

SqFt9,555

Sqft(Lot)

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

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $849,999

AD Id : 88560151

MLS Id : DW26165673

Beds : 20

Lot Size : 9,555 Sqft

Year Built : 1951

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1951
    Building Area Total: 1392
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 9555 Lot Size Acres: 0.2194 Lot Size Source: Assessor Lot Size Square Feet: 9,555 Lot Description: BackYard

  • Listing Price Information

    Listing Price: $849999
    Original Price: $899999
    Cash, CashToNewLoan, Conventional, Exchange1031, FHA

  • Tax Information

    Parcel Number: 5247023021 Tax Lot: 6 Tax Block: 29

  • Utility Information

    SewerNotAvailable
  • Location Information

    Direction: Off 4th street WaterSource: Public
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Nearby Home Value

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731 Hendricks, Los Angeles, CA, 90022 $649,000 4 3 1,908 6,616 Sqft
752 Harding Avenue, Los Angeles, CA, 90022 $899,999 6 4 2,549 6,564 Sqft
6150 E Olympic Boulevard, Los Angeles, CA, 90022 $2,995,000 16 12 7,956 10,519 Sqft
6186 Hereford Drive, Los Angeles, CA, 90022 $710,000 2 1 837 3,954 Sqft
5724 E Beverly Boulevard, Los Angeles, CA, 90022 $699,999 -- -- 1,273 2,484 Sqft
742 Simmons, Los Angeles, CA, 90022 $788,000 3 2 1,086 6,597 Sqft
1024 Leonard Avenue, Los Angeles, CA, 90022 $769,900 2 1 993 5,470 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/13/2026 @ 17:20

MLS: DW26165673 LISTED BY: Danny Navarro, Century 21 Allstars 562-863-2121 SOURCE: CRMLS

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