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4 Units - Alamitos Beach (Long Beach) in Escrow

LMDG's legacy fund has entered into a contract to acquire another property.  It is located in the prime Alamitos Beach area of Long Beach just a short walk from the shops of downtown and the ocean.

LMDG will improve all of the apartments and increase rents by 50%+ over the next 6 - 9 months as tenants vacate the property and units are remodeled.  

Fund II is still open for investment.  For more information, download our flyer which outlines the strategy of the fund, track record, fund structure, and projected returns.

Download Flyer

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Project
 
Name: Alamitos Beach
Size: 3,308 sq. ft. 
Units: 4
Location: Alamitos Beach (Long Beach)
Stabilized Cap Rate: 8%+
 
 

 

 
Alamitos Beach
Alamitos Beach is a highly desirable neighborhood in the southern portion of Long Beach, CA.  Alamitos Beach includes the East Village Arts District to the west, Hellman to the north and Bluff Park to the east and wide sandy beaches along the Pacific Ocean to the south.
 
 
 
 
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Fund II Investor Terms

  Fund: LMDG Real Estate Value Fund II, LP
  Fund Size: Up to $15 million of equity
  Manager: Lujan/Merriman Development Group
  Term: Five years
  Equity Ownership: 30%
  Distributions: Cash flows from operations and       sales to be determined quarterly

 
Fund II Target Investments

  Acquisition Size: $1.5 - $5 million
  Property Types: Multifamily, In-fill land, Single-        family residential
  Location: Coastal markets within Orange County      and Los Angeles County as well as key sub-              markets within Los Angeles and Hollywood
  Target Return:
  • 12% - 17%+ net IRR
  • 1.5x - 2.0x net Multiple
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Lujan/Merriman Development Group

5050 E. 2nd Street #14806 Long Beach CA 90853 United States

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