Investment Overview

Marcus & Millichap is very pleased to exclusively offer for sale The Siegel, a beautifully curated collection of 9 units perfectly located in the Heart of Hollywood's media district. Steps from Larchmont Village and Hancock Park, as well as shops and restaurants on Melrose Avenue, 6708 Willoughby Avenue is a beautifully remodeled nine-unit apartment community offering an investor an extremely strong income producing asset in one of the desirable rental markets across Los Angeles. Property features updated plumbing and electrical, new windows, freshly painted, new electrical panels, washer/dryer hookups in all units. The main panel has been upgraded to 400amps with completely new wiring, including 10 new meters (9 units plus 1 house) have been installed. Units feature high-end finishes including new appliances, high end countertops, recessed lighting, and so much more. Offered at a 4.84% cap rate and a 14 GRM, 6708 Willoughby is an excellent income producing 9-unit apartment building in an extremely hot rental market surrounded by high end homes and primed to continue to appreciate and grow in rental income over time.