$3.22M
Sale price
Single Family · Hollywood Hills
The Hollywood Marvel
2827 Las Alturas St · Sold · $3.22M · 2016 – 2019
95.2%
Gross profit on cost
$1.57M
Gross project profit
New build
Ground-up construction
The Investment
A ground-up hillside build that nearly doubled its cost basis.
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. Total project cost was $1.65M inclusive of land and construction.
The home sold in 2019 for $3.22M, producing $1.57M of gross project profit — a 95.2% gross profit on total cost, among the strongest margins in the schedule.
Gallery
The property.
Return On Investment
The numbers.
| Strategy | Total project cost | Disposition / value | Gross profit | Profit on cost |
|---|---|---|---|---|
| New construction | $1.65M | $3.22M | $1.57M | 95.2% |
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. Figures are sponsor-level, pre-tax, unaudited, and derived from internal records, closing statements, and lender documentation. 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 $3.22M — 95.2% gross profit on cost.
The Takeaway
On constrained hillside lots, the yield study is the investment decision. Everything after it is execution.
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