Investment Overview

• The Neema Group of Marcus & Millichap is pleased to present The Marq, a 24-unit multifamily investment opportunity in Highland Park at 117 S Avenue 64, located just south of York Blvd and east of N Figueroa St • Built in 1989, the property is not subject to the Los Angeles Rent Stabilization Ordinance • The property features an ideal unit mix made up of 16 one-bedrooms and eight two-bedrooms; the property has ground level gated parking with 14 single spaces and 12 tandem spaces • This offering presents strong in-place cash flow at a 5.91% CAP rate and 10.49 GRM on current income; at the asking price, the property is being offered at $289,583 per unit • The majority of units have undergone extensive interior renovations and feature stainless steel appliances, cabinetry, dishwashers, kitchen ranges, quartz countertops, vinyl plank flooring, and central AC; units on the second floor have vaulted ceilings and balconies • The property is secure with an intercom entrance and has a community laundry room with two washers and two dryers • Highland Park is one of the most dynamic and rapidly appreciating neighborhoods in Northeast L.A., surrounded by strong renter demand and increasing property values • Strong local demographics: average household income of approximately $125,000 within a two-mile radius and median home values exceeding $900k within two miles • Centrally located with easy access to Downtown L.A., Pasadena, Glendale, Echo Park, and Silver Lake via the 110 Freeway and Metro Gold Line (Highland Park Station less than a mile away) • Walk Score of 92, steps from popular attractions such as Highland Park Bowl, Kitchen Mouse, Civil Coffee, and local art galleries and boutiques