$2,400,000
Sale price
Single Family · Beverly Grove
Villa De Edinburgh
138 N Edinburgh Ave · Sold · $2,400,000 · 2013 – 2015
New build
Ground-up construction
2013–2015
Acquisition to sale
Beverly Grove
Submarket
The Investment
Ground-up infill on a flat Beverly Grove lot — the low-drama version of the model.
Beverly Grove is dense, flat, and walkable, with a buyer pool that skews toward end users rather than investors. Flat-lot construction here carries none of the geotechnical risk that hillside work does, which narrows the range of outcomes in both directions.
The team built ground-up on the site, delivering a new home into a submarket where most of the competing inventory is decades old.
The home sold in 2015 for $2,400,000. It is a representative outcome rather than a headline one, which is why it sits in the schedule alongside the record sales.
Gallery
The Property.
The Outcome
How It Finished.
| Strategy | Result | Years |
|---|---|---|
| New construction | Sold — $2,400,000 | 2013 – 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.
2013
Acquire
Flat infill lot acquired in Beverly Grove.
2013–2014
Design & Permit
By-right ground-up design permitted without entitlement risk.
2014–2015
Build
New construction delivered on a flat, low-complexity site.
2015
Exit
Sold at $2,400,000.
The Takeaway
Flat-lot infill trades upside for predictability. A portfolio needs both.
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.