4 Units - Glassell Park (Los Angeles) - Acquired
LMDG Real Estate Value Fund II ('Fund II') has acquired its most recent property, a 4 unit value-add apartment building. This property is located in the Glassell Park neighborhood of Los Angeles.
Glassell Park is experiencing significant and steady demographic shifts due to its abundant craftsman and hillside homes and close proximity to downtown Los Angeles.
Glassel Park stands to benefit from the city's $1.6 billion Los Angeles River revitalization project. The project will restore habitat, widen the river, create wetlands, and provide access points and bike trails along an 11-mile stretch of the Los Angeles River that runs from downtown Los Angeles through Glassell Park
LMDG will improve all of the units and increase rents by 50%+ over the next 6 - 9 months as tenants vacate the property and units are remodeled.
If you missed any of our recent updates, they are all available on our website on our news page.
Fund II is closing in May to new investors. For more information, download our flyer which outlines the strategy of the fund, track record, fund structure, and projected returns.