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Apartments For Sale • 13,674 SF
| 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 |
| Built in 1989, the property is not subject to the Los Angeles Rent Stabilization Ordinance |
| 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 |
| Strong in-place cash flow at a 5.81% CAP rate and 10.33 GIM on current income; at the asking price, the property is being offered at $283,333 per unit |
| The majority of units have undergone extensive interior renovations |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 13 min | - | 5.6 mi |
| 10 min | - | 5.9 mi | |
| Transit/Subway | Drive | Walk | Distance |
| Highland Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 3 min | 15 min | 0.8 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 26 min | - | 16.4 mi |
| Los Angeles International | 33 min | - | 24.2 mi |
| Long Beach (Daugherty Field) | 39 min | - | 27.4 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 38 |
| Type: | CoveredTandem |
| Included in Rent: | Yes |
Patricia Escobar
Marcus & Millichap
