117 S Avenue 64 - Apartments FOR SALE
Los Angeles, CA 90042 |
117 S Avenue 64
Los Angeles, CA 90042
HIGHLIGHTS
- The Neema Group of Marcus & Millichap is pleased to present The Marq, a 24-unit multifamily investment opportunity in Highland Park
- 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 5.89% CAP rate and 10.51 GIM on current income
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
The Marq
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
13674
STORIES
2
YEAR BUILT
1989
PARKING SPACES
38
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
5492-035-033
