117 South Avenue 64

Off Market

117 South Avenue 64

Los Angeles CA 90042

13674 sq. ft.

11307 sq. ft.

Other

Last sold for $6,215,000

Neema Ahadian, last sold this property on 27 August 2026 after 392 days on market.

Overview

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 5.81% CAP rate and 10.33 GIM, and is priced attractively at $283,333 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. 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.

Features

32 bedrooms

24 bathrooms

38 carspaces

13674 sq. ft. floor area

11307 sq. ft. lot size

Other

Estimated Value

We need at least 3 similar 32 bedroom other properties sold in Los Angeles over the last 12 months.

Property history for 117 South Avenue 64

2026

Sold

$6,215,000

27 Aug 2026 by Neema Ahadian, of Marcus & Millichap

Happy sellers in Los Angeles

94%

94% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Los Angeles over the last 12 months.

Local market activity for 32 bedroom other properties in Los Angeles

Sold

For Sale

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