$7,250,000
Sale price — Outpost Estates record
Single Family · Outpost Estates
The Macapa Oasis
7123 Macapa Dr · Sold · $7,250,000 · 2009 – 2020
18 mo
Expansion & rebuild phase
2009
Acquired as a primary residence
Outpost Estates
Hollywood Hills
The Investment
An Outpost Estates record — and the longest story in the portfolio.
7123 Macapa was RC Thornton's primary residence for over a decade before it was redeveloped. That history matters: the project spans an eleven-year ownership, not an eleven-year development.
The redevelopment itself — a substantial expansion and spec-quality rebuild — was executed over an 18-month phase at the end of that hold. The house was rebuilt to a specification aimed squarely at the top of the Outpost Estates market rather than a mid-market renovation.
It sold in 2020 for $7,250,000 — at the time, the most expensive sale ever recorded in Outpost Estates.
Gallery
The Property.
The Outcome
How It Finished.
| Strategy | Result | Years |
|---|---|---|
| Expand & spec rebuild | Sold — $7,250,000 | 2009 – 2020 |
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.
2009
Acquire
Purchased as a primary residence; held through two market cycles.
2019
Reposition
Redevelopment scope defined — expansion plus spec-level rebuild.
2019–2020
Build
18-month expansion and rebuild phase executed in-house.
2020
Market
Listed at the top of the Outpost Estates comparable set.
2020
Exit
Sold at $7,250,000 — the submarket's highest recorded sale at closing.
The Takeaway
Patience and provenance. A long-held property, repositioned at the right moment, can reset the top of its submarket.
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.