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    117 Avenue 64 S Los Angeles, CA 90042

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    For Sale
    $6,950,000

    24-unit apartment building in prime Highland Park location.

    Property size:
    13,674 SF
    Lot size:
    0.26 Acres

    Property Features for 117 Avenue 64 S

    General Information

    Size
    13,674 SF
    Lot size
    0.26 Acres

    Building Details

    Year built
    1989

    Source: Keller Williams Realty Glendale Agent Neema Ahadian

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highland Park Multifamily Investment Opportunity

    The Marq is a 24-unit multifamily property located in Highland Park at 117 S Avenue 64. Constructed in 1989, the property is exempt from the Los Angeles Rent Stabilization Ordinance. The unit mix consists of 16 one-bedroom and eight two-bedroom apartments. Gated ground-level parking includes 14 single spaces and 12 tandem spaces. The property provides cash flow with a current 5.89% CAP rate and 10.51 GRM. Most of the units have been extensively renovated and include stainless steel appliances, quartz countertops, upgraded cabinetry, vinyl plank flooring, and central air conditioning. Second-floor units feature vaulted ceilings and private balconies. The secured-entry property also includes a community laundry room with two washers and two dryers. The Marq benefits from rental demand and local demographics, with average household incomes around $125,000 and median home values exceeding $900,000 within a two-mile radius. The property offers 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 proximity to Highland Park Bowl, Kitchen Mouse, Civil Coffee, and local art galleries and boutiques. The property size is 13674 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Marq Apartments Apartment Complex

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.182155
    Latitude
    34.113957

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    FAQs

    What type of property is this?
    Apartment building - 24-unit apartment building in prime Highland Park location.
    Where is this apartment building located?
    The property is located at 117 Avenue 64 S Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $6,950,000.
    What are key features of this property?
    This property features: - Exempt from Los Angeles Rent Stabilization Ordinance (LARSO), providing greater investor flexibility.; - Strong in-place cash flow with an attractive 5.89% CAP rate and 10.51 GRM.; - Located in the heart of Highland Park, a rapidly appreciating neighborhood with strong rental demand and robust demographics.
    (310) 909-5500
    Request Owner's contact information
    117 Avenue 64 S Los Angeles, CA 90042
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    Los Angeles, CA 90042
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117 Avenue 64 S Los Angeles, CA 90042
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