http://blogdowntown.com/2009/12/4926-historic-united-artists-theatre-up-for-sale
By Eric Richardson
Published December 10,2009 at 03:35PM
DOWNTOWN LOS ANGELES — The 1927 United Artists Theatre and its attached 14-story office building is up for sale, listed for $15 million. Since 1989, the building has housed the University Cathedral, a church headed by colorful television evangelist Dr. Gene Scott until his death in 2005.
One of the dozen historic theatres to line Broadway, the United Artists is in perhaps the most turn-key shape, according to Los Angeles Historic Theatre Foundation head Hillsman Wright. His group is interested in acquiring the theatre.
The University Cathedral ministry is continued by Scott's widow, Pastor Melissa Scott. The church has split time between Downtown and a facility in Glendale, where it will now focus its efforts.
Along with the 1,500 to 2,000 seat theatre, the building contains 73,783 square feet of office space.
The building is perhaps best known for a pair of neon "Jesus Saves" signs that Scott installed on the structure when he moved in. They originally stood atop the Church of the Open Door, at 6th and Hope.
http://la.curbed.com/tags/gentrificationwatch
For all those people who talk about the gentrification of Broadway, here's a possible opportunity for a developer: Listed about a month ago, the United Artists Theater at 927 S. Broadway is for sale for $15 million, according to Loopnet. More about the building information via Cinemas Treasures: "The downtown United Artists Theatre was opened in 1927 by its founders Charlie Chaplin, Douglas Fairbanks, and Mary Pickford who needed the massive Spanish Gothic style movie palace as a venue for world premieres of their movies. With its elaborate exterior and interior, the former United Artists Theatre is now the home for Gene Scott's Los Angeles University Cathedral." Blogdowntown also noted the listing and reports the church is heading to Glendale. Meanwhile, those Jesus Saves signs are located on the back of the building.
· United Artists Theater, 14 story office building [LA Biz Journals]
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