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6 Units - Belmont Shore (Long Beach) in Escrow

LMDG's legacy fund has entered into a contract to acquire another property.  It is located in the prime Belmont Shore area of Long Beach just a short walk from the shops and restaurants of 2nd st. and the ocean.

LMDG will improve all of the apartments and increase rents by 50%+ over the next 9 - 12 months as tenants vacate the property and units are remodeled.  

Fund II is still open for investment.  For more information, download our flyer which outlines the strategy of the fund, track record, fund structure, and projected returns.

Download Flyer

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Name: Belmont Shore
Size: 4,194 sq. ft. 
Units: 6
Location: Belmont Shore (Long Beach)
Stabilized Cap Rate: 8%+


Belmont Shore
Livingston Drive and 2nd Street form the heart of Belmont Shore, from Bluff Park on the west to Alamitos Bay and Naples Island on the east.
The neighborhood features Spanish-style homes and apartment buildings from the 1920s and 1930s.
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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:
  • 15% - 18%+ net IRR
  • 1.5x - 2.0x net Multiple
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Lujan/Merriman Development Group

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

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