121 S Gless Street, Los Angeles, CA 90033

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
121 S Gless Street,Los Angeles, CA 90033
$1,700,000
  • 19 Beds
  • 10 Baths
  • 5,360 sq. ft.
  • Multi-family
  • Active
Listed by: brandon evans
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26650115
Source:CRMLS

Price summary

  • Price:$1,700,000
  • Price per sq. ft.:$317.16

About this home

We are pleased to present 121 S Gless Street, a value add 10-unit investment opportunity located in the Downtown-adjacent neighborhood of Boyle Heights. The property is comprised of an excellent unit mix of (9) 2 bed / 1 Bath units and (1) 1 Bed/1 Bath unit. There are currently five (5) Section 8 tenants in place, with vouchered 2 bedroom rents currently ranging from $2,015 to $2,504. There are five units that are significantly below market, offering major upside upon turnover. Section 8 Voucher Payment Standards (per HACLA) are currently at $2,887 for 2-bedroom units as of 1/2026. The property will be delivered fully occupied with a gross monthly income of $15,101, or $181,212 annually. The opportunity will yield a strong immediate annual return with approximately 49% remaining rental upside.121 S Gless Street is centrally located less than a mile from Arts District and Downtown LA with convenient access to the 101, 10, and 5 freeways, USC Keck Hospital, and Cal State LA.

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Home facts

  • Year built:1924
  • Listing ID #:26650115
  • Added:95 day(s) ago
  • Updated:May 17, 2026 at 10:48 AM

Rooms and interior

  • Bedrooms:19
  • Total bathrooms:10
  • Kitchen Description:Refrigerator
  • Living area:5,360 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1924
  • Building area:5,360 sq. ft.
  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$1,700,000
  • Price per sq. ft.:$317.16
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