Listed by Danny Navarro, DRE #01938421 • Century 21 Allstars
$849,999
Est. payment /mo
9,555 Sqft Lot
Price Dropped by $50K
4623 E 4th Los Angeles, CA 90022
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRDW26165673
Year Built 1951
Lot Size 9,555 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property 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'
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Laundry None
Exterior
Pool None
Building
Sewer None
Water District - Public
Others
Tax ID 5247023021
Special Listing Condition Not Applicable
Copyright 2026 MLSListings Inc All rights reserved.