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Renovation Nearly Done - First Tenant Moves in

Renovation is nearly complete at 315 Cherry Ave., LMDG Fund II's first acquisition. The eight-unit apartment building is in the heart of Long Beach's Alamitos beach. 

The building is strategically located just three blocks from the beach and one block from Retro Row and Bixby Park.

The renovation of three units has been completed and tenants have moved in.

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
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       Family Room
  • New plumbing and electrical
  • Air Conditioning
  • Refinished hardwood floors
  • Walls smoothed and painted


 
 

 

Kitchen

  • New quartz counter-tops
  • Garbage disposal
  • Stainless steel sink
  • Upgraded faucet
  • Mid century floor tile
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Bedroom

  • Sanded and refinished floors
  • Ceiling fan
  • Smoothed walls
  • Fresh paint
  • Recessed lighting

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: 

  • 15% - 18%+ net IRR
  • 1.5x - 2.0x net Multiple
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Lujan/Merriman Development Group

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

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