CPP Completes $242 Million Developments in Los Angeles

Community Preservation Partners (CPP) announced the completion of four projects in the County of Los Angeles: Golden West Tower Apartments in Torrance, Village Pointe in Lancaster, Kernwood Terrace Apartments in East Los Angeles and Douglas Park Apartments in Compton. CPP invested more than $242 million over two years in 513 units to renovate and deliver amenities typical of market-rate communities, providing high-quality housing options to families and seniors.

“Los Angeles historically has struggled to provide enough housing for low-income earners due to the high cost of land and materials, making it essential to prioritize preservation projects, not just new development,” said Anand Kannan, president of CPP. “The revitalization of these four communities has transformed areas of neglect into safe, stable and quality living communities, where residents are engaged and proud of the place they call home. We have also invested in sustainable building systems and energy-efficient appliances to save residents on their utility bills and contribute to California’s green energy goals.”