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$ 899,999
Est. payment | /mo
3 Beds
2 Baths
1,392 SqFt
$ 899,999
Est. payment | /mo
3 Beds
2 Baths
1,392 SqFt
Key Details
Property Type Condo
Sub Type All Other Attached
Listing Status Active
Purchase Type For Sale
Square Footage 1,392 sqft
Price per Sqft $646
MLS Listing ID DW26165698
Bedrooms 3
Full Baths 2
Year Built 1951
Lot Size 9,555 Sqft
Property Sub-Type All Other Attached
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 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 i
Location
State CA
County Los Angeles
Direction Off 4th
Interior
Fireplace No
Appliance Dryer
Laundry Gas & Electric Dryer HU
Exterior
Garage Spaces 2.0
View Y/N Yes
Water Access Desc Public
Total Parking Spaces 2
Building
Story 1
Sewer Private Sewer
Water Public
Level or Stories 1
Others
Senior Community No
Tax ID 5247023021
Acceptable Financing Cash, Conventional, Exchange, Land Contract
Listing Terms Cash, Conventional, Exchange, Land Contract
Special Listing Condition Standard
Listed by Danny Navarro, DRE#01938421 Century 21 Allstars
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