9 mo
Acquisition to sale — fastest in portfolio
Single Family · Beverly Hills
The Hutton Marvel
2731 Hutton Dr · Sold · $3,900,000 · 2007 – 2008
$3,900,000
Sale price
2008
Sold into the financial crisis
Remodel
No entitlement or expansion
The Investment
Bought in 2007. Sold in 2008, straight into the worst housing market in modern memory.
A Beverly Hills remodel acquired in 2007 — and sold in 2008, directly into the financial crisis. The deal worked because it was fast.
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. The home sold for $3,900,000.
Finishing and selling before the credit markets seized is the whole story: a slower version of the same project would have met a very different market.
Gallery
The Property.
The Outcome
How It Finished.
| Strategy | Result | Years |
|---|---|---|
| SFR remodel | Sold — $3,900,000 | 2007 – 2008 |
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.
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 $3,900,000 in a nine-month round trip.
The Takeaway
Duration is risk. A short, defined scope cleared the market before conditions could turn against it.
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.