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Fatima Malik

fatima.malik@evrealestate.com +1(310) 968-2085

$ 1,650,000

Est. payment -/mo

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121 S Gless St Los Angeles, CA 90033

19 Beds

10 Baths

5,360 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,360 sqft

Price per Sqft $307

MLS Listing ID 26106371

Bedrooms 19

Year Built 1924

Lot Size 6,997 Sqft

Acres 0.1606

Property Sub-Type Multi-Family

Property Description

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. Boyle Heights has seen significant rent growth over the past several years due to its relative housing affordability and convenient proximity to Downtown Los Angeles, Arts District, USC, and the industrial hubs of Vernon and Commerce. With an excellent walkscore of 87, 121 S Gless Street sits in the center of a cultural hub with convenient access to employment opportunities, local retail and restaurants, national grocers, hospitals, high schools and universities.

Location

State CA

County Los Angeles

Area Boyle Heights

Zoning LARD3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Refrigerator, Range/Oven

Exterior

Parking Features None

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

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.

Listed by Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOLS & PROPERTIES

Fatima Malik

Broker Associate License ID: 01950831

+1(310) 968-2085

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