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For sale
  • $6,950,000

    117 S Avenue 64, Los Angeles, CA 90042

    32beds
    24baths
    13,674sqft
    : 
    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
    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.
    15 days
    on Zillow
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    115
    |
    4
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    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#: 25572129MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 117 S Avenue 64.

    Next available tour time:Tomorrow at 11am

    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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