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Building History

In 1988, the Church of Scientology, International, bought the Guaranty Building. According to daniel Miller writing in the Hollywood Reporter.com: "Following the purchase of Chateau Elysee, the [Scientology] group acquired a handful of notable properties in short order: the former Christie Hotel (1974) and Cedars of Lebanon Hospital (1976). Others were added in the 1980s and '90s, including the Hollywood Guaranty Building and the former Hollywood Savings and Loan building. While some are deemed merely to have historic character, many are listed on historic registers, affording them protection from demolition or significant alteration. The group and its affiliates also own non-historic properties including nondescript apartment and office buildings, a recording studio in Silver Lake and the Sunset Boulevard property that houses the anti-psychiatry museum." (See Daniel Miller, Hollywood Reporter.com, "Scientology's Hollywood Real Estate Empire," published 07/21/2011, accessed 11/19/2018.) In 2018, the Church of Scientology, International, had a real estate portfolio consisting of at least 16 significant Los Angeles buildings, worth in excess of $300 million.

Building Notes

The building had an appraised value of $1,325,000 in 1923. (See Los Angeles Times, 11/14/1923, p. 14.)