Many people know Melrose as a Los Angeles hot spot for shopping, entertainment and dining. Locals appreciate these amenities as well, but they’re also drawn to the community’s close proximity to major employment hubs, in addition to its walkable access to parks and everyday essentials.
While over 70% of residents are renters, the majority of apartment buildings and condo complexes are clustered near major thoroughfares. Just a few blocks from them, the options begin to shift toward single-family living. You’ll see some California bungalows with wide, green lawns, along with Spanish-style estates and custom contemporary homes tucked behind tall privacy hedges. Smaller places tend to range from the upper $900,000s to about $2.3 million, while larger properties usually start just under $2 million and top out close to $5 million.
Finding parking is a common challenge in LA, but houses here often come with private, off-street spots, and outside of your daily commute, driving often isn’t necessary. “You can walk to so many things,” says Basya Gradon, luxury agent at Compass, who has lived in LA for more than 20 years. “There are lots of markets and restaurants close by, and Melrose Avenue has all the trendy shops.” Some of the many popular spots include:
The neighborhood has no shortage of ways to fill your time. For nightlife, there are themed cocktail bars and clubs that play music late into the night along Melrose and Fairfax avenues. You can catch the latest blockbuster at the theater in The Grove, and the New Beverly Cinema screens indie movies and classic films in 35mm.
If you’re looking for something more low-key, take a stroll along the area’s tree-lined residential streets or head to one of the parks. Poinsettia Recreation Center has tennis courts and a playground, and it also hosts after-school sports. The expansive Pan Pacific Park Recreation Center is home to multiple athletic fields and walking paths, as well as Holocaust Museum LA and the Pan Pacific Senior Activity Center.
Melrose is part of the Los Angeles Unified School District, which offers school choice through magnet programs and an open-enrollment lottery. The highly rated Melrose Avenue Math/Science/Technology Magnet school is located right in the neighborhood. Some families choose from nearby private schools, like the Gindi Maimondes Academy, a coed option for preschool through eighth grade.
Gradon says that one of the perks of living in Melrose is its convenient commuter access. “It’s Mid-City, so you’re very central,” she says. Fairfax, La Brea and Melrose avenues link up with major roads like Santa Monica Boulevard, which leads to nearby Beverly Hills and Hollywood. You’re also 7 miles or less from Century City, Culver City and Downtown LA. With dozens of bus stops in the community, it’s possible to live here without a car, but travel is quicker if you do have one.
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Lee Mintz
Compass
(424) 255-3998
26 Total Sales
1 in Melrose
$1,399,000 Price
Molly First
Lyon Stahl Investment Real Estate, Inc.
(310) 734-4096
18 Total Sales
1 in Melrose
$1,100,000 Price
Megan Husri
Keller Williams Studio City
(747) 279-3321
88 Total Sales
1 in Melrose
$2,048,000 Price
Chad Singer
Amalfi Estates
(855) 936-0705
94 Total Sales
1 in Melrose
$4,635,000 Price
Jonathan Kim
Equity Union
(323) 916-4083
20 Total Sales
1 in Melrose
$1,702,000 Price
Jason Paukovits
Dream Realty & Investments Inc
(424) 277-2611
40 Total Sales
2 in Melrose
$2.2M - $3.8M Price Range
On average, homes in Melrose, Los Angeles sell after 51 days on the market compared to the national average of 55 days. The median sale price for homes in Melrose, Los Angeles over the last 12 months is $2,100,000, up 5% from the median home sale price over the previous 12 months.
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Median List Price
$2,247,500
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Median Sale Price
$2,100,000
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Median Single Family Sale Price
$2,200,000
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Median Townhouse Sale Price
$2,247,500
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Median 2 Bedroom Sale Price
$1,299,000
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Median Change From 1st List Price
3%
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|
Last 12 months Home Sales
91
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Median Home Sale Price YoY Change
5%
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Average Price Per Sq Ft
$877
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Number of Homes
2,256
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Number of Homes for Sale
41
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Median Year Built
1927
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Months of Supply
5.40
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Average Single Family Home Size Sq Ft
2,313
Above the national average
1,935
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Average Townhouse Size Sq Ft
3,411
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Average 2 Bedroom Size Sq Ft
1,538
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Median Lot Size Sq Ft
6,534
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More homes are hitting the Los Angeles market, but buyers still aren't seeing more choices as inventory falls.
$3,147 - $4,456 per month
$1,820 - $2,850 per month
$1,725 - $3,095 per month
$3,000 per month
$4,125 per month
$3,375 per month
$3,395 per month
$2,497 per month
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Number of Homes for Rent
83
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Median Rent
$3,700
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Median Single Family Home Rent
$5,748
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Median 4 Bedroom Single Family Home Rent
$10,998
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Median Townhouse Rent
$5,075
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Median 3 Bedroom Townhouse Rent
$5,500
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Median Condo Rent
$3,397
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Median 2 Bedroom Condo Rent
$3,513
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Total Population
11,287
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Median Age
38
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Population Density
15 ppl/acre
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Population under 18
21.6%
On par with the national average
23.8%
|
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Population over 65
14%
Below the national average
19.1%
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Median Household Income
$108,886
Significantly above the national average
$79,597
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Average Household Income
$144,121
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High School Graduates
94.8%
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College Graduates
68.7%
Significantly above the national average
34.1%
|
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Advanced Degrees
24.4%
Above the national average
13.3%
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% Population in Labor Force
72.7%
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Annual Precipitation
14''
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Average Winter Low Temperature
48°F
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Average Summer High Temperature
83°F
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Annual Snowfall
0''
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Bikeability
Walkability
Transit
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
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