Why Live in Melrose
Melrose in Los Angeles, famously known from the 1990s TV show "Melrose Place," remains a trendy neighborhood with a rich history in the LA punk scene and a magnet for artists. The area features a mix of sleek contemporary homes and charming Spanish or Cottage-style houses from the 1920s. While front yards are limited, many homes boast drought-resistant landscaping and private pools. The neighborhood's prime location ensures manageable commutes to Beverly Hills, downtown, and Culver City, with easy access to the vibrant Melrose Avenue. Here, residents enjoy a variety of dining options, from Ghost Sando Shop's sandwiches to Milk Bar's famous Birthday Cake, and the iconic Pink's hot dogs on La Brea Avenue. Shopping is convenient with Sprouts, Target, and Ulta nearby, and unique finds at the Melrose Trading Post.
Families benefit from the highly rated Fairfax High School, which offers diverse programs and partnerships with Cedars-Sinai Hospital. Recreational opportunities abound at Poinsettia Park, Plummer Park, and Pan Pacific Park, providing tennis courts, athletic fields, playgrounds, and community events. Public transportation is robust, with major streets like Melrose Avenue and Fairfax Avenue well-served by buses, and the neighborhood's walkability and bike lanes promote sustainable travel. Despite occasional parking challenges, Melrose's blend of historic charm and modern amenities makes it a desirable place to live.
Home Trends in Melrose, CA
On average, homes in Melrose, Los Angeles sell after 36 days on the market compared to the national average of 70 days. The median sale price for homes in Melrose, Los Angeles over the last 12 months is $480,000, up 1% from the median home sale price over the previous 12 months.
Median Sale Price
$480,000
Median Single Family Sale Price
$560,000
Median Townhouse Sale Price
$794,000
Median 2 Bedroom Sale Price
$225,000
Median 1 Bedroom Sale Price
$255,000
Average Price Per Sq Ft
$297
Number of Homes for Sale
6
Last 12 months Home Sales
134
Median List Price
$500,000
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
1%