2005
First project in the track record
Single Family · Sunset Strip
Rising Glen MCM
1420 Rising Glen Rd · Sold · $3.80M · 2005 – 2007
$3.80M
Sale price
49.0%
Gross profit on cost
$1.25M
Gross project profit
The Investment
Where the track record starts.
1420 Rising Glen is the earliest project in the 21-project schedule — acquired in 2005, two decades before Assemble Capital existed as a platform. The model being executed on this page is recognizably the same one running today.
The property is a mid-century home above the Sunset Strip. The scope was a full remodel that respected the original architecture rather than replacing it, which in this submarket is a pricing decision as much as a design one — mid-century provenance carries a premium that a generic renovation forfeits.
It sold in 2007 for $3.80M against $2.55M of total cost — $1.25M of gross profit at a 49% margin on cost, and the beginning of a twenty-year operating history with no notices of default, foreclosures, or lender workouts.
Gallery
The property.
Return On Investment
The numbers.
| Strategy | Total project cost | Disposition / value | Gross profit | Profit on cost |
|---|---|---|---|---|
| SFR remodel | $2.55M | $3.80M | $1.25M | 49.0% |
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. Figures are sponsor-level, pre-tax, unaudited, and derived from internal records, closing statements, and lender documentation. 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.
2005
Acquire
Mid-century home above the Sunset Strip acquired for renovation.
2005–2006
Design
Scope built around preserving mid-century provenance.
2006–2007
Build
Full remodel executed with period-appropriate detailing.
2007
Exit
Sold at $3.80M — 49% gross profit on cost.
The Takeaway
In submarkets where architectural provenance is priced, preservation outperforms replacement.
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