Home of Andrew Keegan’s spiritual organization now $1.3M cheaper

Los Angeles /
Jun.June 12, 2017 12:00 PM

The Venice headquarters of Andrew Keegan’s spiritual organization Full Circle is now available for the bargain price of $5.2 million, or just over $830 a square foot. That’s a significant drop from the $6.5 million the ownership was asking when it first listed the building last year.

The property, known as Rose Temple, has been a tough to sell thanks to zoning restrictions that require that it remain a worship space or be used as a private home, the Los Angeles Business Journal reported.

An LLC connected to the waste management firm BLT acquired the property at 305 Rose Avenue from Saber Realty Advisors in August 2014 for $4.5 million.

It’s unclear what might happen to the actor’s organization should the property change hands. Full Circle has been leasing the property since April 2014 on a month-to-month basis, paying $12,500 a month, The Real Deal previously reported.

Keegan is best known for his roles in “10 Things I Hate About You” and “Party of Five.”

Alicia Shepherd of Marcus & Millichap has the listing. [LABJ] — Subrina Hudson


Related Articles

arrow_forward_ios
AvalonBay Communities CEO Timothy J. Naughton, TA Realty Managing Partner James O. Buckingham, and Avalon Venice

TA Realty pays $65M for luxury Venice apartment complex

TA Realty pays $65M for luxury Venice apartment complex
Councilmember Mike Bonin and the Ellison (Credit: Google Maps)

Venice landlord says city is using the coronavirus pandemic to settle a score

Venice landlord says city is using the coronavirus pandemic to settle a score
NeueHouse is preparing to open Venice co-working space

NeueHouse is preparing to open Venice co-working space

NeueHouse is preparing to open Venice co-working space
Four of the top residential listings this week

Here are the priciest resi listings in LA County last week

Here are the priciest resi listings in LA County last week
1600 E. Venice Boulevard (Credit: iStock)

Prolific developer Wiseman Residential eyes another resi complex in hot Venice

Prolific developer Wiseman Residential eyes another resi complex in hot Venice
Airbnb's Brian Chesky and Mike Bonin, LA city councilman for Venice

LA’s new Airbnb rules may price out some short-term renters in beach towns

LA’s new Airbnb rules may price out some short-term renters in beach towns
Joel Silver, Hal Sadoff, and 1601 S. Main Street

Joel Silver-led production company sells old post office in Venice

Joel Silver-led production company sells old post office in Venice
No love in Venice for landlord’s apartment-to-hotel conversion plan

No love in Venice for landlord’s apartment-to-hotel conversion plan

No love in Venice for landlord’s apartment-to-hotel conversion plan
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...