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5 Units - Belmont Heights (Long Beach) in Escrow

LMDG Fund III has entered into a contract to acquire another building. 

The property is located in the Belmont Heights area of Long Beach, just a short walk from the shops and restaurants of 2nd Street and the ocean.  This property also offers excellent ocean views.

LMDG will improve the operating efficiencies of the building and increase rents over time as tenants turn over.  The building's Core+ location is in line with the Fund III strategy of long-term yield generation for our investors.

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 II, projected returns, and our track record.

Download Flyer

Belmont Heights 350x281
Name: Belmont Heights
Size: 4,200+ sq. ft. 
Units: 5
Location: Alamitos Beach (Long Beach)
Stabilized Cap Rate: 8%+


Belmont Heights
Belmont Heights is a district in the south-east portion of Long Beach, CA.  Bordering the Pacific Ocean and the more commercial community of Belmont Shore.  Belmont Heights was incorporated in 1908 and annexed to Long Beach in 1909.  The architectural style in the district is predominately Craftsman.
Belmont Pier2-350x281
Long Beach Sailing 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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