Current Projects

315 Cherry

8 Unit Alamitos Beach project

LMDG Real Estate Value Fund II, LP has acquired its first asset, an 8 unit value-add apartment building located in Alamitos Beach (Long Beach, CA).  The property was acquired at approximately 60% of replacement cost and is operating at rents 40% below market.

The property is strategically located near Long Beach's Retro Row, a unique eclectic enclave of approximately 100 independently owned and operated businesses that offer goods, restaurants, and entertainment.

LMDG will renovate and stabilize the property (rent-at-market) at which time we estimate the value to be in the $2.9m - $3.2m range.

 

1023 Hayworth

9 Unit West Hollywood project

LMDG Real Estate Value Fund II, LP has acquired another asset, a 9 unit value-add apartment building located in West Hollywood "WeHo" near Farifax and Santa Monica Blvd.  The property was acquired at approximately 50% of replacement cost with current rents at 40% to market (representing a true Value-Add asset with tremendous upside).

The property is located just blocks from both The Grove/Farmers Market area, the Beverly Center, and the city of Beverly Hills.  The property has been poorly managed but has a great unit mix and provides incredible rent and cash flow upside. 

2104 E. Florida

11 Unit Alamitos Beach project

LMDG Real Estate Value Fund II, LP has acquired its first asset, an 8 unit value-add apartment building located in Alamitos Beach (Long Beach, CA).  

The property is strategically located near Long Beach's Retro Row, a unique eclectic enclave of approximately 100 independently owned and operated businesses that offer goods, restaurants, and entertainment.

LMDG will renovate and stabilize the property (rent-at-market).