Luxury Community Opens in LA
- Mar 04, 2019
Strategic Legacy Investment Group has opened Legacy Knowlton, a 36-unit luxury community in Los Angeles. The total estimated project value is $18.9 million of which 39 percent was funded by individual investors through IRAs, 401Ks and other retirement plans.
The Legacy Knowlton is located in the Ladera Heights/Westchester neighborhood, near Interstate 405 at 6944 Knowlton Place, merely 4 miles from Los Angeles International Airport. Additionally, the community is situated within 13 miles of downtown Los Angeles.
The newly developed community comprises a mix of one-, two- and three-bedroom units, ranging from around 750 to 1,500 square feet. The property also features low-income housing and 60 ground level parking spaces. Communal area amenities include:
- barbecue lounge
- rooftop fire pit
- dog park
- private lounge area
- jacuzzi spa
- fitness center
“We chose this site because we saw this neighborhood as being underserved when it comes to new, high-end residential developments. This market needed these types of residences with these amenities and finishes which have not been seen in this community before, and we are extremely proud to be filling that need. We think this development will pave the way for many more like it to follow,” said Abraham Mehrian, president of SLIG, in prepared remarks.