121 S Gless Street, Los Angeles, CA 90033

Los Angeles
Local realty services provided by:ERA Donahoe Realty
121 S Gless Street,Los Angeles, CA 90033
$1,650,000
  • 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#:26106371
Source:CRMLS

Price summary

  • Price:$1,650,000
  • Price per sq. ft.:$307.84

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 three (3) Section 8 tenants in place, with vouchered 2 bedroom rents currently ranging from $2,133 to $2,241. There are five units that are significantly below market, offering major upside upon turnover. Section 8 Voucher Payment Standards (per HACLA) are currently at $2,475 (Tier 2) for 2-bedroom units as of 9/2026. The property will be delivered fully occupied with a gross monthly income of $14,405, or $172,865 annually. The opportunity provides a strong immediate annual return with approximately 56% 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 #:26106371
  • Added:8 day(s) ago
  • Updated:November 12, 2026 at 08:23 PM

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:$1,650,000
  • Price per sq. ft.:$307.84
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