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Millman Team Real Estate

$899,999
3 Bed
2 Bath
1,392 Sqft
0.22 Acre Lot

4623 E 4th, Los Angeles, California 90022

  • Residential Property Type
  • 1,392 Sqft Square Footage
  • 1951 Year Built
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’ 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.

Basic Details
Residential
For Sale
DW26165698
$899,999
None
3
2
1,392 Sqft
1951
0.22 Acre
Active
2
1
Single Family Residence
Features
: None
: None
: None
: All Bedrooms Down
: Gas Dryer Hookup, Electric Dryer Hookup
: Private Sewer
$0
Appliances
: Dryer
Address Map
CA
Los Angeles
Los Angeles
90022
4th
4623
W119° 50' 2.1''
N34° 1' 54.6''
Off 4th
BOYH - Boyle Heights
E
Neighborhood
ABC Unified
Additional Information
$0
$0
$0
$0
$0
: Suburban
1
2.0
: One
: Back Yard
1
2026-07-29
1
1
: Public
Broker/Agent Information
Century 21 Allstars
Danny Navarro
Listing Information
DWNAVDAN
YCYA
Cash, Conventional, Contract, 1031 Exchange
Active
2026-07-29T22:36:43Z
CRMLS
: Standard
2026-07-29T15:26:13Z
Agent info
Ray Millman
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