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School's out.


Pacific Christian School A Christian School is a school run on Christian principles or by a Christian organization.

The nature of Christian schools varies enormously from country to country according to the religious, educational, and political culture.
 has listed its 7.4-acre Pasadena-adjacent campus for sale as a potential residential development site.

The school, at 625 Coleman Ave. in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , is asking about $8 million. Bidding on the property, which contains only four buildings, is expected to begin March 1.

Built nearly 100 years ago as a seminary for the Free Methodist church The Free Methodist Church, so named for its rejection of monetary emphases within the 19th century Methodist Church, remains a denomination of broader Methodism. It is considered to be Evangelical and Protestant, and its theology is similar to that of the Wesleyan Church, the , the campus has been used most recently as the grounds for the Christian middle and high school, which has about 120 students.

Parents of children attending the academy were informed last June the school would be closing.

The situation has unnerved nearby residents and the Arroyo Seco Neighborhood Council, which held a bearing on the matter.

An El Sereno charter school intends to bid on part of the property, according to the neighborhood group, which has also alerted the California Charter Schools Foundation and the Los Angeles Unified School District The Los Angeles Unified School District (the "LAUSD") is the largest (in terms of number of students) public school system in California and the second-largest in the United States. Only the New York City Department of Education has a larger student population.  of the parcel's availability.

Councilman Antonio Villaraigosa, whose 14th District includes the site, told the neighborhood council that his office has been contacted by parties interested in subdividing the parcel but that he supports a use of the campus that he feels benefits the community, such as a church or school.

But at a price of more than $1 million an acre, not many schools or churches may have the cash needed to acquire the parcel and nearby homes are selling for in the mid-$700,000 range, according to the property's marketing materials. Chris Ligan ligan (lī`gən): see flotsam, jetsam, and ligan.  and Mark Tarczynski of CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  have the listing.

Staff reporter Andy Fixmer can be reached by phone at (323) 549-5225. ext. 263, or by e-mail at afixmer@labusinessjournal.com.
COPYRIGHT 2005 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Real Estate
Author:Fixmer, Andy
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1U9CA
Date:Feb 28, 2005
Words:277
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