Project Name: First Street Units: 7 Location: Long Beach, CA Stabilized Cap Rate: 10%+ Stabilized Rent: $13,885 - $14,865
LMDG has acquired a seven unit building on 1st street in the Alamitos Beach neighborhood of Long Beach, CA one block from the Ocean. The property had been under-utilized for many years and provides incredible rent and cash flow upside. LMDG will improve all of the existing apartments and increase rents by 75-90% within the first six months of operation. We anticipate a 65-75% increase in the value of the asset upon stabilization.
Aaron Merriman and Aaron Lujan have a proven 11-year track record of doing value-add real estate investing. To learn more about investing with LMDG and schedule a tour, please contact us for details.
*Annual rate of returns may vary based on investor's investment size. Please contact LMDG directly for additional information on the investment options. Past performance is not indicative of future results.