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That is a very nice model, quite desirable and could be worth a pretty fair bit of money, as described. It is worth something even if not.
I won't hazard a guess as to what it's worth because it depends upon condition, originality, the state of the market and other stuff. If it were me, I'd get it appraised at a leading vintage guitar dealer. This may cost a bit, but will be worth it because they will uncover any "issues" with the guitar that may impact it's value, also any repairs (w. cost) that it might need. I don't know dealers in your area but have dealt with Gruhn & Elderly in the past. A phone call to either can be a good start, just to sort options.
A good vintage dealer can give you a ballpark figure that it might go for on the open market. They won't, however, offer you anywhere near that much because they have to make money on it should they buy it and resell. Some dealers will consign it, taking a percentage of the value to do so. This may seem like an odd way to sell, but it puts the guitar in the dealers hands and they will advertise it & have their stature behind the description. I have done this with vintage stuff.
To make absolute top dollar you have to sell it yourself, and outlets for that are right here, plus HC, TGP, others, along with Ebay. A recent appraisal from a major vintage dealer should help show potential buyers that the guitar is as you describe, should you go this route.
You can also search websites such as Gbase and Ebay for values of comparable models.
I'm sorry to hear your friends life is such that he must part with it. Good luck.
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