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Downtown Long Beach Property Sold - 168% ROI

LMDG is proud to announce the sale of one of its legacy assets, 717 E. 1st Street.  A prime four-unit apartment building located in downtown Long Beach one block from Ocean Blvd.  717 E. 1st Street is an excellent representation of LMDG's value-add investment strategy.

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

Project Profile
Name: 717 E. 1st Street
Size: 3,904 sq. ft. 
Units: 4
Location: Downtown Long Beach


Project Return
Gain on Asset: 78%
ROI: 168%
Multiple: 2.7x
Hold Period: 11 Months
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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

Lujan/Merriman Development Group

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

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