The Marq 117 S Avenue 64 24 Unit Apartment Building $9,221,480 CAD ($384,228 CAD/Unit) 5.81% Cap Rate Los Angeles, CA 90042

The Neema Group of Marcus & Millichap is 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. 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.