NOT LISTED FOR SALE

Estimated Value: $814,000 - $1,073,398

2 Beds
2 Baths
1,226 Sq Ft
$427/mo HOA Fee

Last Sold March 04, 2024

Last sale price $781,000 $637 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,352/month

8 Days on Market

Highlights

  • City Lights View
  • Midcentury Modern Architecture
  • Plantation Shutters
  • 0.45 Acre Lot
  • Balcony
  • Side by Side Parking

About This Home

As of March 2024

Own a piece of Hollywood history with this top-floor 2BR/2BA condo at The Polynesian, Historic Cultural Monument No 1070. This spacious front corner unit has an open floorplan with a large living space flowing into the dining area by the kitchen, which has ample counter space and newer appliances. Enjoy serene sunsets from your private balcony with views of the city skyline and work on your screenplay under the watchful eye of the Hollywood sign. This private and quiet unit has only one adjoining wall with a neighbor. This condo has several large closets as well as additional storage in the garage and two parking spaces. This building qualifies under the Mills Act historic designation for a potential discount on the property taxes. This mid-century gem circa 1962 has a recently restored vintage mosaic wall in the entryway showing a Polynesian scene, manicured landscaping at the front exterior and lush green trees in the courtyard. The HOA recently replaced the building's roof and elevator mechanics. Centrally located in Hollywood near Los Feliz, this home is close to outdoor recreation at Beachwood Canyon and Griffith Park. This area offers many restaurants, grocers, fitness studios and theaters in charming Franklin Village and along bustling Hollywood Blvd. With easy access to the 101 freeway and Red Line subway, this fantastic location is a short commute to DTLA and The Westside. Welcome home!

Last Agent to Sell the Property

Jason Woodruff

Keller Williams Hollywood Hills License #01720468 Listed on: 01/26/2024

Keller Williams Hollywood Hills

Last Buyer's Agent

Emilie Broughton

Emilie Broughton Real Estate License #01880930

Emilie Broughton Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,395

Year Built

  • Built in 1962

Lot Details

  • 0.45

HOA Fees

  • $427 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Side by Side Parking
  • Parking Garage Space

Property Views

  • Skyline
  • Views of a landmark
  • Hills

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 1,226 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Plantation Shutters
  • Living Room
  • Dining Area

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Parquet
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Balcony

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5586-033-048

Community Details

Overview

  • 23 Units

Amenities

  • Laundry Facilities
  • Elevator

Pet Policy

  • Pets Allowed

Security

  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,395

Year Built

Built in 1962

Lot Details

0

HOA Fees

$427 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Mid-Century
  • Levels: One
  • Street Number Display: Yes
  • Complex Name: The Polynesian
  • Entry Floor: 3
  • Living Area: 1226
  • Lot Acreage: 0.4495
  • Planned Urban Dev: 0
  • Unit Floor In Building: 3
  • Year Built: 1962
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Parquet, Carpet, Tile
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Cable, Ceiling Fan, Dishwasher, Garbage Disposal, Refrigerator, Range/Oven, Elevator
  • Price Per S Q F T: 610.93
  • Windows: Plantation Shutters

Exterior Features

  • Balcony: Yes
  • Other Features: Balcony
  • Tennis Court Y/N: No
  • Exposure: West
  • Patio: Balcony
  • Pool: No
  • Spa Yn: No
  • View: Hills, City Lights, Tree Top, Skyline, Landmark
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Side By Side, Community Garage
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Card/Code Access

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Elevator
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 427.00
  • HOA: Yes
  • Unit Location: SW Corner

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 5586-033-048
  • Lot Size Area: 19580

Multi Family

  • Number Of Units: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 2024
Sold by
Brown Kenneth T and Bruno Matthew J
Bought by
Bruno And Brown Llc
Total Days on Market
8
Current Estimated Value
$890,350

Purchase Details

Listed on
Jan 26, 2024
Closed on
Feb 14, 2024
Sold by
Gary Lynn Shaffer Trust
Bought by
Ullmann Michaels and Schaarschmidt Boris
Seller's Agent
Jason Woodruff
Keller Williams Hollywood Hills
Buyer's Agent
Emilie Broughton
Emilie Broughton Real Estate
List Price
$749,000
Sold Price
$781,000
Premium/Discount to List
$32,000
4.27%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.05%
Original Mortgage
$281,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2004
Sold by
Shaffer Gary L
Bought by
Shaffer Gary L and Gary Lynn Shaffer Trust Agreement

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2003
Sold by
Shaffer Gary L
Bought by
The Gary Lynn Shaffer Trust

Purchase Details

Closed on
Oct 4, 2002
Sold by
Edwards Michael D
Bought by
Shaffer Gary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
5.37%

Purchase Details

Closed on
Sep 12, 1998
Sold by
Murphy Allen W Revocable Living Trust
Bought by
Edwards Michael D

Purchase Details

Closed on
Nov 2, 1996
Sold by
Murphy Allen W
Bought by
Murphy Allen W and Allen W Murphy Revocable Living Trust
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bruno And Brown Llc -- None Listed On Document
Ullmann Michaels $781,000 Chicago Title
Shaffer Gary L -- Fidelity National Title Co
The Gary Lynn Shaffer Trust -- --
Shaffer Gary L $280,000 First American
Edwards Michael D -- --
Murphy Allen W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ullmann Michaels $281,000
Previous Owner Shaffer Gary L $356,126
Previous Owner Shaffer Gary L $416,000
Previous Owner Shaffer Gary L $355,450
Previous Owner Shaffer Gary L $100,000
Previous Owner Shaffer Gary L $355,000
Previous Owner Shaffer Gary L $100,000
Previous Owner Shaffer Gary L $245,000
Previous Owner Shaffer Gary Lynn $46,824
Previous Owner Shaffer Gary L $224,000
Closed Shaffer Gary L $14,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2024 03/04/24 Sold $781,000 +4.3% $637 / Sq Ft
02/03/2024 02/03/24 Pending -- -- --
01/26/2024 01/26/24 For Sale $749,000 -- $611 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,395 $194,000 $77,000 $117,000
2023 $2,664 $217,000 $109,000 $108,000
2022 $3,344 $282,000 $140,000 $142,000
2021 $3,303 $277,000 $135,000 $142,000
2019 $2,781 $226,000 $105,000 $121,000
2018 $3,632 $294,000 $118,000 $176,000
2016 $4,182 $342,561 $208,720 $133,841
2015 $4,122 $337,416 $205,585 $131,831
2014 $4,140 $330,807 $201,558 $129,249
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-351435

The MLS

APN: 5586-033-048