$1,140,000
Sale price
Single Family · Los Angeles
Paseo Moderna
3406 The Paseo · Sold · $1,140,000 · 2013 – 2016
Smallest
Project in the portfolio
New build
Ground-up construction
2016
Sold
The Investment
The smallest project in the portfolio, held to the same standard.
Paseo Moderna is the smallest development in the 21-project schedule — and a useful demonstration that the underwriting discipline does not change with deal size.
The scope was a straightforward ground-up build with no entitlement complexity, designed for an entry-level buyer pool where finish quality and efficient layout matter more than square footage.
It sold in 2016 for $1,140,000.
Gallery
The Property.
The Outcome
How It Finished.
| Strategy | Result | Years |
|---|---|---|
| New construction | Sold — $1,140,000 | 2013 – 2016 |
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.
2013
Acquire
Small infill lot acquired for an entry-level product.
2013–2014
Permit
Straightforward by-right permitting.
2014–2016
Build
Ground-up construction for an entry-level buyer pool.
2016
Exit
Sold at $1,140,000.
The Takeaway
The buy box has a floor, not a ceiling on discipline. Small projects get the same downside test as large ones.
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.