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121 S Gless Street, Los Angeles, CA 90033

Los Angeles
Local realty services provided by:CENTURY 21 Discovery
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:129 day(s) ago
  • Updated:June 20, 2026 at 10:51 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
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Discovery is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Discovery, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Stephanie Goedl

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