Not rendering correctly? View this email as a web page here.

9 Units - West Hollywood

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.

Download Flyer

Fairfax and Santa Monica Blvd-350x281.png
Name: WEHO Fairfax & SM Blvd
Lot Size: 6,984
Units: 9
Location: West Hollywood
Stabilized Cap Rate: 8%+
Projected Exit Value: $4.9m - $5.2m


West Hollywood

West Hollywood "WeHo" is a trendy area known for its high-energy nightlife. The fabled Sunset Strip features the Chateau Marmont, a swanky celebrity hideaway, plus comedy clubs and live music venues like the legendary Whiskey a Go Go. WeHo includes Santa Monica Boulevard, dance clubs and shops. WeHo also offers some of the city’s most buzzworthy restaurants. 
West Hollywood-350x281.jpg
Beverly Hills-350x281.jpg


Beverly Hills

Beverly Hills is an affluent city in Los Angeles County, CA surrounded by the cities of Los Angeles and West Hollywood.  Sometimes referred to as "90210", one of its primary ZIP codes, it is home to many celebrities and known internationally for its luxury hotels and Rodeo Drive shopping district.

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

Leverage: Up to 65% leverage on a portfolio basis

Target Return: 

  • 18% - 22%+ net IRR
  • 1.8x - 2.2x net Multiple
Long Beach Aerial-350x281 .jpg

Lujan/Merriman Development Group

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

Preferences | Unsubscribe