$1,450,000
Sale price
Single Family · Sherman Oaks
The Martha MCM
14918 Martha St · Sold · $1,450,000 · – 2018
New build
Ground-up construction
Sherman Oaks
Submarket
2018
Sold
The Investment
Valley ground-up construction at an entry price point.
Sherman Oaks carries consistent family-buyer demand at price points well below the Westside, and the economics of development change accordingly: land basis stays proportionate to exit value, which keeps smaller projects viable.
The project was a ground-up, mid-century-informed build on a Valley lot, one of the smaller projects in the schedule.
It sold in 2018 for $1,450,000.
Gallery
The Property.
The Outcome
How It Finished.
| Strategy | Result | Years |
|---|---|---|
| New construction | Sold — $1,450,000 | – 2018 |
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.
—
Acquire
Valley infill lot acquired for an entry-level product.
—
Design & Permit
Mid-century-informed ground-up design permitted by right.
—2018
Build
New construction delivered for a family-buyer end user.
2018
Exit
Sold at $1,450,000.
The Takeaway
Smaller Valley projects get the same rigor as hillside ones — and often carry less risk.
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.