9 mo
Hold period — fastest in portfolio
Single Family · Beverly Hills
The Hutton Marvel
2731 Hutton Dr · Sold · $3.90M · 2007 – 2008
~39%
Annualized profit on cost
$3.90M
Sale price
29.4%
Gross profit on cost
The Investment
Bought in 2007. Sold in 2008. Profitable through the worst housing market in modern memory.
A Beverly Hills remodel acquired in 2007 — and sold in 2008, directly into the financial crisis. The margin is the thinnest of any project on this page at 29.4% gross profit on cost, and that is the point: the deal worked because it was fast, not because it was rich.
The scope was a focused SFR remodel with no entitlement component and no structural expansion, which is what made a nine-month round trip possible. Total project cost was $3.02M against a $3.90M sale.
Annualized, that 29.4% margin over nine months is roughly 39% profit on cost per year — the third-highest annualized figure across all 21 completed projects, achieved in the single worst year for U.S. residential real estate in living memory.
Gallery
The property.
Return On Investment
The numbers.
| Strategy | Total project cost | Disposition / value | Gross profit | Profit on cost |
|---|---|---|---|---|
| SFR remodel | $3.02M | $3.90M | $0.89M | 29.4% |
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.
2007
Acquire
Beverly Hills property acquired with a narrow, defined remodel scope.
2007–2008
Build
Focused remodel — no expansion, no entitlement, no structural work.
2008
Market
Listed immediately on completion as the credit markets deteriorated.
2008
Exit
Sold at $3.90M in a nine-month round trip.
The Takeaway
Duration is risk. A thin margin captured in nine months outperformed richer deals that took years — and it cleared the market before conditions could turn against it.
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