121 S Gless Street, Los Angeles, CA 90033

Local realty services provided by:ERA Excel Realty
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.
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:1 day(s) ago
  • Updated:February 11, 2026 at 12:24 AM

Rooms and interior

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

Heating and cooling

  • Heating:Wall Furnace

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
Based on information from California Regional Multiple Listing Service, Inc. as of February 11, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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