The Legacy Apartments at 5203 Knowlton Street is a unique opportunity to invest and participate in a project with multiple options in Los Angeles, California. The first option is to proceed with an approved 174-unit density bonus project, with the ability to increase density to 217 units under California Assembly Bill (SB) 1211. The second purchasing option is to proceed with ministerial AHIP approval of a 100% affordable project with a potential floor area ratio of approximately 311,017 square feet. With an average size unit of 500 square feet, a 100% affordable project would allow approximately 540 units. A senior care facility is also possible. Contact the City of Los Angeles for options. Currently, 5203 Knowlton Street operates as a 50-unit apartment building with 50 detached garages spanning the entire city block from La Tijara Boulevard to La Cienega Boulevard, generating a robust revenue stream. The property was developed in the 1950s and has been extremely well maintained, with many upgrades made over the years, including plumbing, electrical, roof, windows, granite countertops, and more. This remarkable site is highlighted by expansive city views and indoor/outdoor living spaces with an emphasis on a luxury lifestyle for its residents. The multifamily project is within walking distance of the Amazon Fresh Shopping Center in a superior amenity-filled location. In addition, this property has direct access to the high-end shopping in Marina Del Ray, Ladera Heights, and Beverly Hills. 5203 Knowlton Street benefits from easy connections to all transportation, including the 405 and 10 Freeways, Metro stations, bus stops, and the Los Angeles International Airport. Residents enjoy the proximity to the Los Angeles beaches, such as Santa Monica, El Segundo, Playa Del Ray, and Venice, within a 10-minute drive. Nestled within a desirable location to live, work, and play, most neighboring completed multifamily projects have 100% occupancy. All this and more prove this is a rare development opportunity for any multifamily developer or investor looking to add a highly sought-after property to their portfolio.