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12 Units - Alamitos Beach (Long Beach) - Acquired

Recently launched LMDG Fund III has acquired its second building. 

The property is located in the prime Alamitos Beach area of Long Beach three blocks from Ocean Blvd and a short walk or bike ride from downtown and the East Village Arts District.

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

Visit our website and enjoy short videos that highlight current projects and the areas we invest in.

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

Download Flyer

Alamitos Beach Map-350x281
Name: Alamitos Beach I
Size: 9,452 sq. ft. 
Units: 12
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.
DT Long Beach-350x281


Fund III Investor Terms

  Fund: LMDG Fund III, LP
  Fund Size: Up to $100 million of equity
  Manager: Lujan/Merriman Development Group
  Term: 10 years
  Equity Ownership: 70%
  Distributions: Cash flows from operations and       sales to be determined quarterly
Management Fee: 0%

Fund II Target Investments

  Acquisition Size: $1.5 - $7.5 million
  Property Types: Multifamily, Urban In-fill
  opportunities, Single-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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