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LMDG's Fund II has entered into a contract to acquire another property. It is located in prime West Hollywood "WeHo" near Fairfax and Santa Monica Blvd and is a 9 unit value-add apartment building.
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.
LMDG will improve all of the apartments and increase rents by 100%+ over the next 24-36 months as tenants vacate the property. We anticipate a 40-50% increase in the value of the asset upon stabilization.
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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