Yes, seriously, a $155,000 price adjustment that’s a value game-changer! This exceptional penthouse townhome-style unit, just one block from Ventura Blvd, is spacious and light-filled: a 1,842-square-foot, two-bedroom, three-bath, two-level residence at the Regent Mary Ellen with an outstanding Studio City location. Double entry doors open to a welcoming foyer and an impressive living room with soaring approx. 17 ft two-story ceilings, a dramatic wall of windows, custom cable lighting spanning the room, and a gas fireplace. A dedicted walk-in mirrored wet bar room features a wine refrigerator, wine storage, glass shelving, and cabinetry. The adjacent dining room opens to both the living room and kitchen, creating an easy flow throughout the main living spaces. The generously sized kitchen offers granite countertops and backsplash, stainless steel appliances, double ovens, gas cooktop, abundant cabinetry, and counter space. An adjacent utility room features side-by-side washer and dryer hookups and a large pantry with pull-out storage. A conveniently located guest powder room is just off the foyer. The expansive main-level primary suite features 10′ ceiling heights, its own fireplace, a wall of windows, approx. 28 feet of mirrored closets, plus a separate walk-in closet with built-in drawers and shelving. The en-suite bath includes a dual-sink vanity, separate glass-enclosed shower, and a jetted soaking tub. An open staircase rising from the living room leads to a versatile upper-level retreat, ideal as a second bedroom, home office, or den, with its own 3/4 bath and direct access to a spacious private rooftop terrace. Fenced and gated, the terrace provides mountain views and ample space for outdoor dining, entertaining, and BBQs. Built in 1990, the beautifully maintained modern Mediterranean-style building features striking security entry doors with visual intercom to your unit, a remodeled lobby and hallways, two elevators, guest parking, and a gated subterranean garage with two tandem parking spaces across from the elevator. Extensive roof work was accomplished in 2022; the exterior was recently painted, and the HOA provides for earthquake insurance, water, sewer, and trash removal. No steps or stairs separate the subterranean parking from the unit’s main level. Just moments from some of Studio City’s best restaurants, shopping, and entertainment, and only a half block from the LA Riverwalk, this distinctive residence offers a rare combination of dramatic interior volume, abundant natural light, private outdoor space, and an exceptionally convenient Studio City lifestyle.