121 South Gless Street Los Angeles, CA ^$ 1,700,000

121 South Gless Street

^$ 1,700,000

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121 South Gless Street

Los Angeles, CA, 90033

^$ 1,700,000

Studio Baths0.0 Sq 5,360

Monthly Estimate*

^$ 10,467

121 South Gless Street, Los Angeles, CA 90033 - Image 1

121 South Gless Street, Los Angeles, CA 90033 - Image 2

121 South Gless Street, Los Angeles, CA 90033 - Image 3

121 South Gless Street, Los Angeles, CA 90033 - Image 4

121 South Gless Street, Los Angeles, CA 90033 - Image 5

121 South Gless Street, Los Angeles, CA 90033 - Image 6

121 South Gless Street, Los Angeles, CA 90033 - Image 7

121 South Gless Street, Los Angeles, CA 90033 - Image 8

121 South Gless Street, Los Angeles, CA 90033 - Image 9

121 South Gless Street, Los Angeles, CA 90033 - Image 10

Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,700,000. This 5,360 square foot home was built in 1924 on a lot size of 0.16.

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.

Multi-Family Active

Price

^$ 1,700,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.16

Year Built

1924

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

0026650115

Features

General

Living Area 5360.0

Sewer None

Heating Wall Furnace

Zoning LARD3

Year Built 1924

Levels Multi/Split

County Los Angeles

Net Operating Income 115883.0

New Construction No

Property Type C

HOA No

Status Active

City Los Angeles

Senior Community Y/N No

MLS Area BOYH - Boyle Heights

Lot Size Units Square Feet

Lot Size Square Feet 6997.0

Standard Status Active

Interior

Kitchen Appliances Refrigerator

Total Stories 2

Heating Y/N Yes

Total Baths 0

Exterior

Lot Size Area 6997.0

Pool Y/N? Yes

Building Area Total 5360.0

Lot Size Acres 0.16

Land Lease Type Fee

* Excluded Features

List By

Brandon Evans

Listing Agent

Lyon Stahl Investment Real Estate, Inc.

Broker

Affordability Calculator

$10,467

Per Month

Monthly Principal & Interest: $10,467
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,837,781

Percent of Sale Price 8%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/10/2026	$1,700,000		Listed Price

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121 South Gless Street, Los Angeles, CA, 90033 is a Multi-Family Home for sale at $1,700,000 with 5,360 sqft and a lot size of 0.16. 121 South Gless Street is a studio with 0.0 baths and was built in 1924. The property's zip code is 90033 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 2/10/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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121 South Gless Street

Multi-Family Home for sale in Los Angeles, CA

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