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10 Units - Santa Monica in Escrow

Recently launched LMDG Fund III has entered into a contract to acquire its first property. 

The property is located in Santa Monica in the north of Wilshire neighborhood just a few blocks from Ocean Blvd.

This property will be delivered with three vacant units which can be renovated and stabilized at market rents upon the close of escrow. 

LMDG will renovate the remaining units as tenants relocate over the next five to seven years.  We anticipate rents to increase by 50%+ over this time frame.

For more information, download our flyer which outlines the strategy and structure of Fund III, projected returns, and our track record.

Download Flyer

Lincoln-Idaho Santa Monica 350x281
Name: Santa Monica I
Size: 8,076 sq. ft. 
Units: 10
Location: Santa Monica, CA
Stabilized Cap Rate: 8%+


Santa Monica
Santa Monica is a beach city in western Los Angeles County.  The city is bordered by the Pacific Palisades, Brentwood, West LA, and Venice.  Santa Monica has experienced a boom since the late 1980s through its revitalization of its downtown core, significant job growth, and tourism.


Fund III Investor Terms

  Fund: LMDG Fund III, LP
  Fund Size: Up to $100 million of equity
  Manager: Lujan/Merriman Development Group
  Term: Ten years
  Equity Ownership: 30%
  Distributions: Cash flows from operations and       sales to be determined quarterly

Fund III Target Investments

  Acquisition Size: $1.5 - $7.5 million
  Property Types: Multifamily, Urban infill
  opportunitiesSingle family residential
  Location: Coastal markets within Orange County      and Los Angeles County.  Key sub-markets include
  coastal Long Beach, Santa Monica, West
  Hollywood, and Hollywood.
  Target Return:
  • 8% - 12%+ net IRR
  • 2.0x - 3.0x net Multiple
LMDG Target Market Map 350x280

Lujan/Merriman Development Group

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

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