Prestigious MILLS ACT status, translating to monumental tax savings for its fortunate buyer! Welcome to 1329 N. Genesee Ave, Los Angeles - a magnificent 1917 Spaulding Square Craftsman residence located on a beautiful tree lined quiet street, expertly restored, and offering an incredible opportunity for buyers with its coveted MILLS ACT! Revel in the fusion of historical charm, character, and contemporary conveniences, as this historic home captures the essence of timeless elegance. Nestled in one of the city's most desirable neighborhoods, Spaulding Square, this home places you at the heart of the city, just blocks away from popular shops, restaurants, and vibrant nightlife to enjoy the ultimate Los Angeles lifestyle. This charming abode boasts two spacious bedrooms, a convertible den/office (3rd bedroom), two updated bathrooms, and a tastefully remodeled eat-in gourmet cook's kitchen, featuring top of the line appliances (48" sub-zero refrigerator & wine cooler, Viking Range & Hood), granite counter tops and hardwood floors throughout. Every aspect of modern living is met with utmost comfort and style. The stunning formal dining room has original wood paneled walls, built-in buffet/cabinets and serves as the central point of the house, seamlessly connecting to the gracious living room adorned with a captivating wood-burning fireplace and built-in book shelving. Step outside to a large wood sun deck and generously sized grassy backyard that is complemented by a freestanding quaint "guesthouse"/office/art-studio space and a separate finished garage - an oasis of endless possibilities for relaxation and entertainment. Plenty of room for a pool! Expand the studio space or potentially add an ADU. Don't miss out on this unparalleled chance to own a piece of history while unlocking remarkable tax benefits. Seize the opportunity and make this exceptional property your very own!