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Suspiciously Cheap French Regency Chateau in Koreatown

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This century-old French Regency-style home tucked behind a wall of hedges on South Kingsley Drive seems to have many strong selling points. Sited on an 11,250-square-foot lot, it features six bedrooms, four bathrooms, a heated pool and spa, four fireplaces, hardwood floors, an elevator, a guest house, and detached 2 car garage. Granted, it's surely in need of some updates, and isn't in the most desirable location; but even so, its asking price, $899,000, or $174/square foot, still sounds surprisingly low, n'est ce pas? What might the "take as is" reason behind this low figure be? Check out the listing and join us in a little idle speculation, won't you?

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