LMDG Fund II has sold 211 Mira Mar located in the highly desirable area of Belmont Heights in Long Beach, CA.
The timeless 1920's character of the building was restored through exterior enhancements and interior renovations. Modern amenities required by today's astute tenant strengthened the building's appeal to both the buyer and tenants.
Deal Highlights
- Sales Price: $2,800,000
- Sales Price per sq ft: $668 (making it one of the highest in the area)
- Stabilized Rent per sq ft: $3.50 vs. $2.06 at acquisition
For more information on our current fund LMDG Fund III, download our flyer which outlines the strategy and structure of Fund III, projected returns, and our track record.
Kindest Regards,
