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LMDG Real Estate Value Fund II, LP has acquired another asset, a 9 unit value-add apartment building located in West Hollywood "WeHo" near Fairfax and Santa Monica Blvd. The property was acquired at approximately 50% of replacement cost with current rents at 40% to market (representing a true Value-Add asset with tremendous upside).
The property is located just blocks from both The Grove/Farmers Market area, The Beverly Center, and the city of Beverly Hills. The property has been very poorly managed but has a great unit mix and provides incredible rent and cash flow upside.
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.
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