
Los Angeles, California 90028
This historic residence at The Polynesian presents a Strong Value Opportunity, listed at $750,000—positioned above the $683,098 Fair Market Value by 9%. While priced at a premium, the property offers unique Mills Act tax advantages and iconic landmark views of the Hollywood Sign and Capitol Records. With a Fair Condition Rating, the unit provides a classic mid-century canvas for personalization. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a culturally significant, walkable Hollywood lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1830 Taft Avenue 302 Subject 2 bd · 2 ba · 1,064 sqft · $642 | $750,000* List Price | 2 | 2 | 1,064 | $642 | - |
A 6038 Carlton Way 101 Sold 2 bd · 3 ba · 1,070 sqft · $663 · 0.5 mi | $709,000 | 2 | 3 | 1,070 | $663 | 0.5 mi |
B 6001 Carlton Way 303 Sold 2 bd · 2 ba · 1,180 sqft · $647 · 0.4 mi | $764,000 | 2 | 2 | 1,180 | $647 | 0.4 mi |
C 6001 Carlton Way 410 Active Under Contract 1 bd · 1 ba · 920 sqft · $640 · 0.4 mi | $589,000 List Price | 1 | 1 | 920 | $640 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1962 (62 years old) and is described as having 'classic mid-century character' with no mention of recent renovations to the kitchen, bathrooms, or major systems. While the building is a well-maintained historic monument, the age of the unit and lack of modern updates place it in the fair category, likely requiring cosmetic or minor system updates to meet modern standards.
As a designated Los Angeles Historic-Cultural Monument (#1070), the property is Mills Act-eligible, offering owners substantial property tax savings while preserving a unique piece of 1962 Tiki/Polynesian Revival architecture.
The unit boasts exceptional sightlines, including west-facing views of the Capitol Records building and a direct view of the Hollywood Sign from the north bedroom, providing a quintessential Los Angeles living experience.
Situated in the highly desirable Franklin Village, the property offers a high walkscore with immediate access to Griffith Park, Gelson’s, and popular local dining like La Poubelle, blending neighborhood charm with urban convenience.
Built in 1962, the building may require ongoing maintenance or updates to its mid-century systems, which could lead to higher long-term costs compared to modern developments.
With tenants in place until late November and no interior photos currently available in the public listing, prospective buyers face a hurdle in assessing the unit's current condition and immediate renovation needs.
Own a piece of Hollywood history in The Polynesian, Los Angeles Historic-Cultural Monument #1070 and Mills Act-eligible. This distinctive 1962 Tiki/Polynesian Revival landmark designed by Emery Kanarik and sits at the base of the Hollywood Hills in highly desirable Franklin Village walkable to Beachwood Canyon, Griffith Park, Gelson's, La Poubelle, Upright Citizens Brigade, and the creative energy of the neighborhood. Unit #302 is a bright 1,064-square-foot 2-bedroom, 2-bathroom residence with gorgeous west-facing views toward the Capitol Records building, a clear view of the iconic Hollywood sign from the north bedroom, and a huge private balcony. The unit offers excellent natural light, classic mid-century character, and two side-by-side secured garage parking spaces. Enjoy the building's central courtyard with its original mosaic tile murals, elevator, and well-maintained common areas. The current tenants have both given notice, creating a clean, cooperative turnover. A rare opportunity to own in a designated historic building with tax advantages under the Mills Act, framed by two of LA's most recognizable landmarks. This is the way to live in Hollywood. Call listing agent for interior pics (tenant occupied until Nov 30th)
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,064 | 1,252.996 |
| Lot Size | 19,580 | 26,029.603 |
| Price | $750.0K | $778.5K |
| Price per sq ft | $705 | $629 |
| Built year | 1962 | 1981 |
| HOA | $550.0 | $676 |
| Days on market | 8 | 74 |
Nov 1, 2026
$750,000
Initial Listing
Jul 28, 2010
$333,000
Public Record