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$850,000

Beds
1
Baths
1.0
sq ft
1,200

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

855 S Serrano Ave Unit 42A

Los Angeles, CA 90005

  • <1 day on market
    • Open house Jan 26
Step into timeless sophistication in this beautifully renovated home within Koreatown's prestigious Chateau Chaumont, a landmark designed by renowned architect Kenneth MacDonald Jr. in 1928. With its French Renaissance-style faade, celebrity ownership history, and Mills Act tax benefits, this residence offers a unique blend of historic charm, modern luxury, and exceptional value. Situated on a premium fourth-floor location, the home showcases unobstructed city light views through expansive windows. The interior has been thoughtfully updated to preserve its original character while introducing high-end modern amenities. Original hardwood floors, custom millwork, and concrete walls create a timeless atmosphere, while high ceilings and large windows fill the space with light and enhance the open layout. The modernized gourmet kitchen boasts intricate custom tile, Silestone counters, and premium appliances from Miele, Bosch, and Samsung, including a five-burner gas range. Rejuvenation hardware and Marmoleum flooring complete the chic design. The luxurious bathroom features a freestanding tub with captivating city views, a limestone sink, and Kallista unlacquered brass fixtures, blending elegance and comfort. The home also includes a fireplace, a grand entryway, ample closet space, a Miele washing machine, and a dual-zone heating system. The basement-level private storage unit, covered gated parking, and access to a shared rooftop patio further enhance convenience. This property is not only a residence but also an investment opportunity, as it is registered as a filming location, offering a potential income stream while keeping HOA fees low. Its historic designation under the Mills Act also significantly reduces property taxes, making it a standout value. Located on a quiet, semi-private street near Sand Dune Park and Koreatown Plaza, the home offers proximity to local parks, schools, Metro lines, and cultural landmarks like The Wiltern Theater. Enjoy unparalleled access to the best dining, shopping, and entertainment in Koreatown while savoring the serenity of this exclusive retreat. With its designer-quality renovations, timeless charm, and income-generating potential, this residence is a rare opportunity to own a piece of Los Angeles history. Property available for lease at $3,900/month. A furnished option is also available. Please inquire for details.

Details

Property type

Condominium

Est. home value

$881,004

Lot size

0.4395 acres

Price per sq ft

$709

Year built

1928

Monthly HOA fee

$350

Price History

01/22/2025
CLAW

CLAW #25487847

Listed
$850,000
+6.25%
07/18/2024
CLAW

CLAW #24402675

Removed
$800,000
06/14/2024
CLAW

CLAW #24402675

Listed
$800,000
-5.88%

Schools & Community

Neighborhood: 

Koreatown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$261,518
Asking price
$850,000
Closing costs (~8% of asking)
-$68,000
Est. remaining loan balance
-$520,482
Cash to seller
$261,518

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Arcstone Financial Inc

Loan start date

February 2022

Original loan amount

$555,000

Est. remaining balance

$520,482

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Amber Valentyne

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/22/2025 at 8:00 PM

Listing updated: 01/22/2025 at 4:50 PM

Listed by: Yana Beranek, Berkshire Hathaway HomeServices California Properties Phone #: (310) 829-0629

MLS: CLAW #25487847

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