CA > Los Angeles
Los Angeles, CA 90042,117 S Avenue 64
Los Angeles, CA 90042,117 S Avenue 64
Los Angeles, CA 90042,117 S Avenue 64
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$6,950,000
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13,674 SqFt
Active

117 S Avenue 64 Los Angeles, CA 90042

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

+1(925) 864-5757

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 13,674 sqft

Price per Sqft $508

MLS Listing ID CL25572129

HOA Y/N No

Year Built 1989

Lot Size 0.260 Acres

Acres 0.26

Property Sub-Type Other

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 5.89% CAP rate and 10.51 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 a

Location

State CA

County Los Angeles

Zoning LARD

Interior

Heating None

Cooling None

Fireplace No

Building

New Construction No

Others

Tax ID 5492035033

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Neema Ahadian • Marcus & Millichap

A FEW WORDS FROM PAST CLIENTS

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Mike & Jules Guzzardo Team With Jenny Biczkow

Mike & Jules Guzzardo Team With Jenny Biczkow

Realtor | r01066846,01955798,02086289

+1(925) 864-5757

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117 S Avenue 64

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