JUST LISTED!
Iconic Investments is pleased to present for sale, The Willoughby, a 12-unit apartment building in the heart of the thriving Hollywood submarket. Located on the corner of Hudson and Willoughby, this asset is an excellent opportunity for investors who want to capitalize on this submarket's soaring popularity.
The unit mix at The Willoughby is seven 1 Bedroom/1-Baths, two 2-Bedroom/1.5 Baths, two 2 Bedroom/2 Baths and one 2 Bedroom/2 Bath plus den. These large units range from approximately 700 to 950 square feet. A renovation-oriented buyer can remodel and reposition the property to offer millennials a well appointed alternative to brand-new construction. Within two blocks of The Willoughby, there are 10+ projects either recently completed, under construction, or in-planning.
Prime Hollywood Location - Just East of Highland
10+ New Developments within 2 Blocks
Excellent Unit Mix of 1 & 2 Bedroom Units
Going in Cap Rate of 4.48%
ADDRESS: 6350 Willoughby Ave - Hollywood
LISTED at $3,550,000
