855 S Serrano Ave Unit 42A, Los Angeles, CA 90005

Property Description

An elegant turnkey home in Koreatown's prestigious Chateau Chaumont was designed by LA architect Kenneth MacDonald Jr and built in 1928 with an impressive French Renaissance-style faade. Short distance to a multitude of options for shopping and dining, the home showcases enthralling views of the city lights through large windows. It is protected under the Mills Act, which significantly limits property taxes, potentially making it a better value than comparably priced homes. The home and property have been registered as a filming location, a factor that could create a significant revenue stream for the owner while keeping the HOA rates low. The exclusive building contains 15 units with some celebrity ownership history, offering an unparalleled sense of exclusivity. The unit itself renovated with a focus on preserving the original character and style, the residence boasts a chic, designer-quality interior with a beautifully modernized gourmet kitchen and a gorgeous, updated bathroom. A premium fourth-floor location allows the view to be presented with minimal distractions. High ceilings and large windows create a voluminous, open atmosphere; custom paint tones add a touch of whimsy and style; classic, hand-curated modern fixtures recall the quality and craftsmanship of the era in which the home was built. All the features that make older properties a prized possession are present, including custom millwork/moldings and original hardwood floors that have been beautifully refinished. The tastefully updated kitchen is adorned with intricate custom tile, Silestone counters and Marmoleum flooring. High-end appliances from Miele, Bosch and Samsung, including a five-burner gas range, bring the kitchen into the modern era. The Rejuvenation hardware in the kitchen and Kallista unlacquered brass bathroom fixtures add to the feeling of quality. Certainly a favorite, the bathroom showcases captivating views of the twinkling city lights from a modern freestanding tub. Other features include concrete floors and a limestone sink. The home also includes a fireplace, a grand entry, ample closet space, a Miele washing machine, concrete interior walls and a dual-zone heating system. The building itself offers rooftop access, a shared outdoor patio, a private storage unit, a covered parking space with gated access, and guest parking. Located in close proximity to Koreatown Plaza, the Metro, several local parks and schools, and the Wiltern Theater, the home provides convenient access to the best the city has to offer. With a timeless design by a well-known architect and a stylish, open interior, along with the potential for income generation, this sophisticated home is a great opportunity.