15 mo
Acquisition to sale
Single Family · Los Angeles
The Modern Orange
465 S Orange Grove · Sold · $2,770,000 · 2014 – 2015
$2,770,000
Sale price
By-right
No entitlement hearings
New build
Ground-up construction
The Investment
A by-right infill build, delivered and sold in fifteen months.
465 S Orange Grove is one of the fastest ground-up projects in the schedule: a new home delivered and sold in fifteen months.
It was a ground-up build on an infill lot with a by-right pathway, which is the configuration that compresses timelines: no entitlement hearings, no variance risk, and a construction program that could start as soon as plans cleared.
It sold for $2,770,000 in 2015. The speed came from the configuration rather than from luck: a clean lot, a by-right program, and a construction start the moment plans cleared.
Gallery
The Property.
The Outcome
How It Finished.
| Strategy | Result | Years |
|---|---|---|
| New construction | Sold — $2,770,000 | 2014 – 2015 |
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.
2014
Acquire
By-right infill lot acquired with a defined construction program.
2014
Permit
Plans cleared without entitlement hearings or variance risk.
2014–2015
Build
Ground-up construction executed on a compressed schedule.
2015
Exit
Sold at $2,770,000, fifteen months after acquisition.
The Takeaway
Time is part of the plan. A by-right program that can start construction the day plans clear removes the slowest, least predictable phase of development.
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.