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.

Based on information submitted to CRMLS as of May 21, 2026 3:52 AM EDT . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Property Details of 121 S Gless Street

Property Details

Basic Information

Building

Location

Interior Features

Bedrooms

Bathrooms

Utilities and Appliances

Utilities and Appliances

Map Location

Hi there! How can we help you?

Hi there! How can we help you?

Hi there! How can we help you?

Luxury Malibu Property | Pinnacle Estate Properties Malibu