$1,700,000
121 S Gless Street, Los Angeles CA 90033
Multi-Family (10 Units)
Property type
126 days
On market
$317
Price per sqft
N/A
Garage
1924
Year built
6,997 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Brandon Evans DRE #02058494 805-814-9070, Lyon Stahl Investment Real Estate, Inc.
Listing updated: Jun 9, 2026 at 07:43pm.
Last checked: Jun 14, 2026 at 05:30pm
Source: CRMLS #26650115
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 9 | 2 | 1 | — | $1,501 | $13,510 | $2,300 | Unfurnished |
| 1 | 1 | 1 | — | $1,590 | $1,590 | $1,850 | Unfurnished |
# of Buildings: 4
# of Units Total: 10
Refrigerator: 10
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
9.4x
List Price / Annual Gross Rent
Cap Rate
6.82%
NOI / List Price
Vacancy Allowance: $5,436
Vacancy Allowance Rate: 3%
Net Operating Income: $115,883
Interior
Heating: Wall Furnace
Appliances: Refrigerator
Exterior
Stories Total: 2
Levels: Multi Split
Garage and Parking
Parking: None
Parking Total: 0
Lot Information
Land Lease: No
Parcel #: 5172004025
Zoning: LARD3
Community
HOA: No
Senior Community: No