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6 Units - Alamitos Beach (Long Beach) in Escrow

LMDG Real Estate Value Fund II has entered into a contract to acquire another property. 

The property is located in the prime Alamitos Beach area of Long Beach one block from Ocean Blvd and a short walk or bike ride from downtown, Bixby Park, and the beach.

LMDG will improve all six units and increase rents by 50%+ over the next 5 - 6 months as tenants vacate the property and units are remodeled. 

This acquisition will be Fund II's ninth property and bring total fund acquisition and renovation to $21 million.  Once closed to investors, Fund II may continue to acquire additional properties, as permitted by the Fund terms.

Fund II will be closed May 31st to new investors. For more information, download our flyer which outlines the strategy and structure of Fund II, projected returns, and our track record.

Download Flyer

Alamitos Beach Map-350x281
Name: Alamitos Beach IV
Size: 4,372 sq. ft. 
Units: 6
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.
Bixby Park 2-584213-edited-202628-edited
Belmont Pier2-350x281


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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