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4 Units - Glassell Park (Los Angeles) - Acquired

LMDG Real Estate Value Fund II ('Fund II') has acquired its most recent property, a 4 unit value-add apartment building.  This property is located in the Glassell Park neighborhood of Los Angeles.

Glassell Park is experiencing significant and steady demographic shifts due to its abundant craftsman and hillside homes and close proximity to downtown Los Angeles.  

Glassel Park stands to benefit from the city's $1.6 billion Los Angeles River revitalization project. The project will restore habitat, widen the river, create wetlands, and provide access points and bike trails along an 11-mile stretch of the Los Angeles River that runs from downtown Los Angeles through Glassell Park

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

If you missed any of our recent updates, they are all available on our website on our news page.

Fund II is closing in May to new investors.  For more information, download our flyer which outlines the strategy of the fund, track record, fund structure, and projected returns.  F

Download Flyer

Name: Glassell Park
Lot Size: 9,810 sq. ft. 
Units: 4
Location: Glassell Park (Los Angeles)
Stabilized Cap Rate: 8%+


Glassell Park
Glassell Park is a desirable, up and coming neighborhood due to its close proximity to downtown Los Angeles.  In 2016, the median home price in Los Angeles County rose by 7%; in the same period, the median home price in Glassell Park rose 25%. 
Glassell Park2-1


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% - 15%+ net IRR
  • 1.5x - 2.0x 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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