5 / 5
Bedrooms / bathrooms
Single Family · Westchester
The Gonzaga Residence
8404 Gonzaga Ave · Sold · $2,700,000 · 2024 – 2026
2,780
Square feet
Westchester
Submarket
$2,700,000
Sale price
The Investment
Assemble Capital’s first completed project — remodeled, brought to market, and sold in Westchester.
8404 Gonzaga was held in Assemble Capital LLC — the first project on the Assemble Capital portfolio to reach completion, and the first to sell.
Westchester sits in the path of steady owner-user demand: proximity to the Westside and LAX employment, a deep buyer pool at the upper end of the local market, and a housing stock old enough that a well-executed extensive remodel stands clearly apart from its comparable set. The scope was an extensive remodel delivering five bedrooms and five bathrooms across 2,780 square feet.
The home was completed, listed on the open market, and sold in 2026 for $2,700,000. It was underwritten to closed comparables before acquisition rather than to future appreciation — the discipline that carries across every project. Investor-level returns are reported privately to the project’s investors.
Gallery
The Property.
The Investment
Financials, Privately.
The Gonzaga Residence sold in 2026 for $2,700,000. It was a private offering held in a project-specific LLC, so we don't publish its capitalization or investor-level returns; those are reported privately to the project’s investors under its operating agreement.
Project-level detail is discussed privately with investors we have an established relationship with. How we work with investors →
This was an Assemble Capital project held in a project-specific LLC — a private offering. The sale price shown is the gross recorded sale price, not an investor return. Nothing here is an offer to sell or a solicitation to buy any security. Any offering is made only through definitive offering documents to eligible investors, and investor-level returns are governed by the applicable operating agreement. Past performance is not indicative of future results.
Investment Cycle
How the Deal Ran.
Every project follows the same arc — acquire, design and permit, build, market, exit. What changes is where the time and the risk concentrate.
2024
Acquire
Acquired into Assemble Capital LLC with investor participation.
2024
Design & Permit
Extensive remodel scope permitted — no entitlement pathway required.
2024–2026
Remodel
Extensive remodel executed under in-house construction management.
2026
Market
Listed on the open market into the Westchester comparable set.
2026
Exit
Sold for $2,700,000; proceeds allocated per the operating agreement waterfall.
The Takeaway
Underwrite to today's comparables. The Westchester exit was supported by closed sales before the property was acquired.
Investor Relationships
Interested in How We Work?
We develop Los Angeles residential projects alongside investors we know well, and the principals personally guarantee the project loans, never our investors. Project details are shared privately, once we’ve gotten to know you. Nothing here is an offer to sell or a solicitation to buy any security.