4716 St Charles Place, Los Angeles, California 90019, Los Angeles, 90019 - 12 bed, 10 bath
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Los Angeles, California 90019
Analysis of 4716 St Charles Place, Los Angeles, California 90019 is currently available with a list price of $995,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
The property is marketed exclusively as a 'Ready to Issue' (RTI) development opportunity for builders. Built in 1926 with no mention of recent renovations, the existing structure is intended for demolition to make way for a new 3-unit project. The provided images are architectural renderings of the future development, confirming the current value is in the land and approved plans rather than the existing improvements.
The property is a 'Ready to Issue' (RTI) project, allowing a developer to bypass the lengthy and costly permitting process and begin construction on three units immediately.
Zoned RD1.5, the plans maximize the lot's utility with a front house and a rear duplex totaling 12 bedrooms, plus the future potential to add ADUs for increased cash flow.
A recent $200,000 price reduction from the original list price significantly enhances the project's pro-forma margins and overall investment appeal.
The property is sold in 'as-is' condition with the buyer assuming all responsibility for the RTI handover and construction execution, requiring a highly experienced builder.
Beyond the acquisition cost, the project demands significant liquid capital to fund the ground-up construction of three large-scale residential units.
ATTENTION BUILDERS & DEVELOPERS! Ready to Issue Project! Incredible Opportunity to build 3 Units on an RD1.5 lot with the option to create ADU's in the future. The current RTI plans call for a single structure in the front + a duplex structure in the back. Front structure is 4 Bed + 4 Bath. Back Duplex has 4 Bed + 3 Bath unit & 4 Bed + 3 Bath unit. Buyer to investigate all documents and rely on own findings regarding construction etc. Property is being sold "as is" with the buyer taking over the RTI.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 12.0 | 3.0 | 98% |
| Baths | 10.0 | 2.0 | 98% |
| Square foot | 914 | 1,712 | 7% |
| Lot Size | 5,805 | 6,304 | 37% |
| Price | $995.0K | $1.32M | 27% |
| Price per sq ft | $1.1K | $764 | 93% |
| Built year | 1926 | 1926 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 180 | 17% |
Mar 19, 2026
$995,000
$1,095,000
-9% Price Drop
Initial Listing
Feb 24, 2026
$1,095,000
$1,295,000
-15% Price Drop
Initial Listing
Jan 22, 2026
$1,295,000
Initial Listing
Jul 15, 2020
$710,000
Public Record
Apr 6, 2017
$515,000
Public Record