$3,220,000
Sale price
Single Family · Hollywood Hills
The Hollywood Marvel
2827 Las Alturas St · Sold · $3,220,000 · 2016 – 2019
New build
Ground-up construction
2016–2019
Acquisition to sale
Las Alturas
Hollywood Hills
The Investment
A ground-up hillside build designed around the view corridor.
Las Alturas is a Hollywood Hills street where lot geometry does most of the work — buildable envelopes are constrained, and the difference between a site that pencils and one that does not comes down to how much house the topography will actually carry.
The team acquired the site and built ground-up rather than renovating, delivering a modern home designed around the view corridor.
The home sold in 2019 for $3,220,000.
Gallery
The Property.
The Outcome
How It Finished.
| Strategy | Result | Years |
|---|---|---|
| New construction | Sold — $3,220,000 | 2016 – 2019 |
Detailed project financials are discussed privately with investors we have an established relationship with. How we work with investors →
This project was completed by the principals through Thornton Development Group or an affiliated predecessor entity. It was not an Assemble Capital offering and did not involve Assemble Capital investors. Sale prices are recorded sale prices. 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.
2016
Acquire
Hillside site acquired on buildable-envelope analysis.
2016–2017
Design & Permit
Ground-up design engineered to the topography and view corridor.
2017–2019
Build
New construction delivered under in-house management.
2019
Market
Listed into the Hollywood Hills new-construction comp set.
2019
Exit
Sold at $3,220,000.
The Takeaway
On constrained hillside lots, the yield study is the investment decision. Everything after it is execution.
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.