$1,700,000
121 S Gless Street, Los Angeles CA 90033
Multi-Family (10 Units)
Property type
115 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: Feb 18, 2026 at 08:20am.
Last checked: Jun 5, 2026 at 08:31pm
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
Nearby Schools
Nearby schools around the 121 S Gless Street, Los Angeles, CA 90033. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,360,000
Total Interest
$1,734,605
Total Payment
$3,094,605
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,517
per month
Property History for 121 S Gless Street
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90033.
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