121 S Gless Street
Los Angeles, CA 90033
19
Bed
0
Bath
5,360Sqft
6,997Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 19Bathroom Information
Total Baths: 10 Full Baths: 0 Half Baths: 0 -
Interior Features
Property Appliances: Refrigerator -
Heating Source
Wall Furnace Has Heating
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Building Information
Year Built: 1924 Building Area Total: 5,360
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1606 -
Lot Size Source: Assessor Lot Size Square Feet: 6997
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Listing Price Information
Original List Price: 1,700,000 Listing Contract Date: 2026-02-10 -
Lease Information
Listing Agreement: Seller Reserved
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Tax Information
Parcel Number: 5172004025
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Garage and Parking
Garage Description: NoneHomeowners Association
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Other Property Info
Source Listing Status: Active Source Neighborhood: BOYH - Boyle Heights Postal Code Plus 4: 3307 Directions: 1st Street and S Gless St Zoning: LARD3 Source Property Type: Residential Income Area: BOYH - Boyle Heights -
Building and Construction
Property Age: 102 Year Built Source: Vendor Enhanced Total Square Feet Living: 5360 Levels or Stories: Multi/Split
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1440 Tremont, Los Angeles, CA, 90033 | $1,350,000 | -- | -- | 4,836 | 4,836 SqFt |
| 1237 N Evergreen, Los Angeles, CA, 90033 | $515,000 | 2 | 1 | 1,008 | 1,008 SqFt |
| 1517 Ricardo, Los Angeles, CA, 90033 | $975,000 | 2 | 1 | 794 | 794 SqFt |
| 1034 Evergreen Avenue, Los Angeles, CA, 90033 | $425,000 | 2 | 1 | 689 | 689 SqFt |
| 2711 Wabash Avenue, Los Angeles, CA, 90033 | $730,000 | 5 | -- | 1,273 | 1,273 SqFt |
| 2532 1/2 Ganahl Street, Los Angeles, CA, 90033 | $399,000 | 2 | 2 | 850 | 850 SqFt |
| 2440 Wabash Avenue, Los Angeles, CA, 90033 | $795,000 | 5 | -- | 2,756 | 2,756 SqFt |
| 1151 1153 Cornwell Street, Los Angeles, CA, 90033 | $1,170,000 | -- | -- | 3,682 | 3,682 SqFt |
| 2505 Malabar Street, Los Angeles, CA, 90033 | $1,200,000 | 10 | -- | 4,974 | 4,974 SqFt |
| 2447 Malabar Street, Los Angeles, CA, 90033 | $1,100,000 | -- | -- | 2,810 | 2,810 SqFt |
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ByOwner last updated this listing 06/17/2026 @ 08:13
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