The Willoughby is a twelve-unit property located in the heart of Hollywood. This part of Hollywood is undergoing rapid growth and urbanization as dozens of developments have been recently completed, are underway, or in-planning stages. This will increase density, bringing in new retail and entertainment options, and transform this once sleepy pocket of Hollywood into a vibrant city-like community with walkable and bikeable streets, and improved services surrounding major transit hubs.Located at 6350 Willoughby Ave, the twelve-unit Willoughby Apartments was built in 1963 and has been in the hands of the same owner for 20+ years. With virtually no updates or renovations done to the interior of the units, The Willoughby represents a blank slate for a renovation-minded investor. The purchaser has the ability to remodel and update the units to attract higher-paying tenants who are moving to Hollywood for its hip vibe, central location, and walkability. Even with higher rents, The Willou
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