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Canoga Park's Polynesia Apartments Sold

Image courtesy Google Maps
I didnt even notice this hitting the market back on July 21, 2015 for $3,850,000 which sold on December 15, 2015 for $4,070,000 or $220K above asking price located at 7314 Variel Ave.

The Tiki themed apartment complex was built in 1962 by Mr. Max Resnick which is a rare example of Tiki architecture in SoCal that are unfortunately slowing disappearing (LA Curbed documented other Tiki structures including one in Granada Hills) The surprising thing is that most of the apartment looks original with the monster tiki face staring at you. I believe there were some minor changes like tiki pillars holding up a canopy on the east side that were possibly damaged from the 1994 Northridge earthquake. 

The property measures 25,840 sqft on a total lot size of 29,992 sqft with 27 units with a total of 49 Beds and 28 Baths. The property was last owned by the Score Rio and Dorothy Trust based in Desert Hot Springs but not sure who the buyer was. The listing description is below:
Deadline for offers will be 5:00 PM on Monday 7/27/2015. Well maintained building. Lots of recent capital improvements including copper plumbing; new windows; refurbished pool and decking, barbecue; driveway resurfaced; landscaping. Building has 25,840 sq. ft at $149 per sq. ft. Rents are averaging $1.03 sq. ft. Spacious units with 23(2+1); 1(3+3)and 3(0+1). The 3+3 unit has a private backyard. Leased laundry machines, Tuck-under parking with storagePlease do not enter property and speak with tenants.
You can view more SFV Architecture and R.E. here

Above images courtesy AOA Apartment Brokerage

Above images courtesy Tiki Architecture Blog
Above image courtesy Tiki Central Forum

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Marty Mcfly

Anything and everything about the San Fernando Valley. This blog will take you back in time when the valley was covered with dirt and orange groves to a leader in the space race to its current status as America's suburb. Come along and join me on this adventure, I guarantee you have been influenced/impacted by the San Fernando Valley in one form or another even if you have never visited or heard of the SFV.

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