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Lucio Real Estate Group

joe.lucio@exprealty.com +1(805) 512-0065

$849,999

Est. payment - /mo

20 Beds

20 Baths

1,392 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,392 sqft

Price per Sqft $610

MLS Listing ID DW26165698

Bedrooms 20

Full Baths 20

HOA Y/N No

Year Built 1951

Lot Size 9,557 Sqft

Property Sub-Type Single Family Residence

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.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Rooms

Main Level Bedrooms 3

Interior

Interior Features All Bedrooms Down

Cooling None

Fireplaces Type None

Fireplace No

Appliance Dryer

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Suburban

View Y/N No

View None

Total Parking Spaces 2

Private Pool No

Building

Lot Description Back Yard

Dwelling Type House

Story 1

Entry Level One

Sewer Private Sewer

Water Public

Level or Stories One

New Construction No

Schools

School District Abc Unified

Others

Senior Community No

Tax ID 5247023021

Acceptable Financing Cash, Conventional, Contract, 1031 Exchange

Listing Terms Cash, Conventional, Contract, 1031 Exchange

Special Listing Condition Standard

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Listed by Danny Navarro Century 21 Allstars 949-903-6633, DRE #01938421

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Lucio Real Estate Group

Broker Associate License ID: 01893011

+1(805) 512-0065

joe.lucio@exprealty.com

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA 93036, USA

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4623 E 4th Los Angeles, CA 90022

Lucio Real Estate Group

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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4623 E 4th