117 S Avenue 64, Los Angeles, CA 90042

• 13,674 sqft

Property Description

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 a

Listing Status:

Active

Date Added:

February 10, 2026

Data Last Updated:

February 17, 2026 at 7:08AM

Listing Office:

Marcus & Millichap : 310-909-5500

Listing Agent:

Neema Ahadian : 310-909-5444

MLS ID:

CL26650001

Interior

• A/C: None
• Heating: None

Exterior

• Parking: Other

Location

• Originating MLS: CRMLS
• County: Los Angeles

Lot

• Zoning: LARD5492035033

Financial

• Source: CRMLS