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5754 Melrose Ave, Los Angeles, CA, 90038

$1,698,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
6 Baths
2,772 SqFt
$613/SqFt
House

Location

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5754 Melrose Ave, Los Angeles$1,698,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeOther
ParkingNone
Year Built1924
HeatingWall Furnace
FireplaceLiving Room
ViewNone
MLS #24461549
Lot Size0.05 Acres
StatusActive

About 5754 Melrose Ave

Great for a 1031 Exchange replacement/upleg property, or ideal for an Owner/User! Introducing a 4 unit apartment complex located on the popular Melrose Avenue with Commercial Zoning. The owner's 2-bedroom unit will be delivered vacant affording the opportunity for more income, or a wonderful owner/user option. There is a rooftop deck for the owner's unit which offers views of the Hollywood Sign and Griffith Observatory. The rest of the building is vacant and ready to fill with residential or commercial tenants. The building is located in prime Melrose and is only steps away from Larchmont, Paramount Studios, Raleigh Studios and more. Buyer to cooperate with Seller's 1031 Exchange at no expense to buyer.

Property Details

Property Features

Property Information:

  • Year Built: 1924
  • Stories: 0
  • Living Area: 2,772 SqFt

Listing Office:

  • Office Name: Rodeo Realty
  • Office Phone: (818) 761-7222
  • Listing Agent: Todd Jones

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Oven, Refrigerator, Dryer, Washer
  • Flooring Type: Tile, Wood
  • Interior: Ceiling Fan(s)
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

Other

Directions Information:

  • Directions: On the South side of Melrose Ave, between N. Arden Blvd. and N. Lucerne Blvd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,698,000
  • Price Per SqFt: $613/SqFt

Tax Information:

  • Annual Amount: $3,693
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

5754 Melrose Ave vs Los Angeles

35 DAYS ON ROCKET

-3 Days

$1,698,000

+$676.4K More

$613/SqFt

-$27 Less

KEY TAKEAWAY

This property is $676.4K more than the Median Sold Price and $27/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24461549

Listing Office:

  • Office Name: Rodeo Realty
  • Office Phone: (818) 761-7222
  • Listing Agent: Todd Jones

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 07, 1999Home Sold
$198,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,693$286,753
2020$3,587$283,813
2019$3,544$278,249
2018$3,473$272,794
2017$3,473$267,446

History based on county public records data.

Payment Calculator

$8,542

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,157

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4541615
5
/10

  • Vine Street Elementary

  • 955 Vine St

  • 0.34 miles

  • Public District Grades KG-6

school-card-donut-4541616
5
/10

  • Van Ness Avenue Elementary

  • 501 N Van Ness Ave

  • 0.56 miles

  • Public District Grades KG-5

school-card-donut-4541617
3
/10

  • Hollywood Primary Center

  • 1115 Tamarind Ave

  • 0.65 miles

  • Public District Grades KG-3

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,250. The majority of Los Angeles, CA residents have income between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5754 Melrose Ave

What is the listing price of this property?

The listing price of 5754 Melrose Ave property is $1,698,000.

What type of property is this?

The property 5754 Melrose Ave is a house located in Los Angeles, California, 90038.

Is this property for sale now?

Active Listing: 5754 Melrose Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,693 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 7, 1999 for $198,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 5754 Melrose Ave has 6 bedrooms and 6 bathrooms.

What is the square footage of this property?

The property 5754 Melrose Ave is 2,772 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5754 Melrose Ave is 1924.

Rocket Homes›California›Los Angeles County›Los Angeles›90038›5754 Melrose Ave

This home is located at 5754 Melrose Ave in Los Angeles, CA and zip code 90038 in the Central LA neighborhood. This 2,772 square foot home, which was built in 1924, sits on a 0.05 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since November 12, 2024 and is currently priced at $1,698,000.

Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.

From Rocket Homes Real Estate and based on county public records data.

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