We are pleased to present The Marq, a 24-unit multifamily investment opportunity located in the heart of Highland Park at 117 S Avenue 64, just south of York Boulevard and east of North Figueroa Street. Built in 1989, the property is exempt from the Los Angeles Rent Stabilization Ordinance, offering investors greater flexibility and income potential. The Marq features a highly desirable unit mix of 16 one-bedroom and eight two-bedroom apartments, with gated ground-level parking comprising 14 single spaces and 12 tandem spaces. This offering provides immediate strong in-place cash flow with a current 5.85% CAP rate and 10.56 GRM, and is priced attractively at $289,583 per unit. Most of the units have been extensively renovated and include modern finishes such as stainless steel appliances, quartz countertops, upgraded cabinetry, vinyl plank flooring, and central air conditioning. Second-floor units boast vaulted ceilings and private balconies, enhancing the tenant living experience. The secured-entry property also includes a community laundry room with two washers and two dryers. Positioned in one of Northeast Los Angeles' most vibrant and rapidly appreciating neighborhoods, The Marq benefits from strong rental demand and robust local demographics, with average household incomes around $125,000 and median home values exceeding $900,000 within a two-mile radius. The property offers easy access to Downtown Los Angeles, Pasadena, Glendale, Echo Park, and Silver Lake via the 110 Freeway and the nearby Metro Gold Line Highland Park Station. With a Walk Score of 92, residents enjoy close proximity to popular destinations including Highland Park Bowl, Kitchen Mouse, Civil Coffee, and a variety of local art galleries and boutiques, making The Marq a compelling opportunity for investors seeking stable cash flow and long-term appreciation in a prime location.
For sale
$6,950,000
117 S Avenue 64, Los Angeles, CA 90042
32beds
24baths
13,674sqft
Est.:
Multi Family
Built in 1989
-- sqft lot
$6,869,900 Zestimate®
$508/sqft
$-- HOA
What's special
Private balconiesModern finishesCommunity laundry roomQuartz countertopsStainless steel appliancesVinyl plank flooringUpgraded cabinetry
- 15 days
- on Zillow |
- 115 |
- 4 |
Zillow last checked: 7 hours ago
Listing updated: July 30, 2025 at 10:41am
Listed by:
Neema Ahadian DRE # 01346750 213-797-2290,
Marcus & Millichap 310-909-5500
Source: CLAW,MLS#: 25572129

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 32
- Bathrooms: 24
Heating
- None
Cooling
- None
Interior area
- Total structure area: 13,674
- Total interior livable area: 13,674 sqft
Property
Parking
- Total spaces: 38
- Parking features: Gated, Secured, Covered
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.26 Acres
Details
- Additional structures: None
- Zoning: LARD1.5
- Special conditions: Standard
- Other equipment: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1989
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $508/sqft
- Tax assessed value: $7,418,199
- Date on market: 7/31/2025
- Total actual rent: 629760
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