2005
First project in the track record
Single Family · Sunset Strip
Rising Glen MCM
1420 Rising Glen Rd · Sold · $3,800,000 · 2005 – 2007
$3,800,000
Sale price
Mid-century
Architecture preserved
Sunset Strip
Submarket
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 $3,800,000, the beginning of a twenty-year operating history with no notices of default, foreclosures, or lender workouts.
Gallery
The Property.
The Outcome
How It Finished.
| Strategy | Result | Years |
|---|---|---|
| SFR remodel | Sold — $3,800,000 | 2005 – 2007 |
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.
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 $3,800,000.
The Takeaway
In submarkets where architectural provenance is priced, preservation outperforms replacement.
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.