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Armenian Christian School Buys Bienvenidos Children's Center

183-205 E. Palm Sells for $7 Mil
June 3, 2008
Janet Schulman and Matthew Rayer of Bienvenidos Children's Center Inc, sold its foster-children's home at 183-205 E Palm St. in Altadena, CA to new owner-user Shahe Garabedian, principal of the Sahag-Mesrob Armenian Christian School.

The property was built in 1994, spanning 2.72 acres over two parcels. The sale includes a 3,084 SF single-family residence and 25,700 SF parcel that will serve as offices for administration for the new owners.

The school was established in 1980 with a mission to provide the students with Christ-centered education with an Armenian heritage and cultural programs. Each student becomes acquainted with Christian teaching and faith, the Armenian language and history and excellence in learning under disciplined conditions.

Martin Cohan, Joshua Levy and Paul Brehme of Marcus & Millichap represented the sellers. The buyers were represented in-house.

Please refer to CoStar COMPS #1517066.
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