5700 Melrose Ave #405 Los Angeles, CA 90038

$14,350,000 Sold Price as of 06/01/2017

2 Beds
2 Baths
1,120 Sq.Ft.

Off Market

$14,350,000 Sold Price as of 06/01/2017 Refinance Your Mortgage

Map preview of 5700 Melrose Ave #405, Los Angeles, CA 90038

Property Overview: 5700 Melrose Ave #405 Los Angeles, CA has 2 bedrooms, 2 bathrooms, 1,120 living square feet and 18,929 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

5700 Melrose Ave #405 is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,209,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $241,800 for the down payment and will need roughly $24,180 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 5700 Melrose Ave #405

Last sold for $14,350,000 on June 1st, 2017

June, 2017
Jun 1, 2017

Date

Sold (Public Records)

Public Records

$14,350,000

Price
June, 2017
Jun 1, 2017

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 5700 Melrose Ave #405

Assessed Value (2020): $701,441

Year	Land Value	Improved Value	Assessed Value
2020	$175,359	$526,082	$701,441

About 5700 Melrose Ave #405

Detailed summary of property

5700 Melrose Ave #405 is a condominium in Los Angeles, CA 90038 and last sold on June 1, 2017 for $14,350,000. This condo has 2 bedrooms, 2 bathrooms, roughly 1,120 living square feet, and sits on an approximately 18,929 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 1181.25% higher than the current median priced home. 5700 Melrose Ave #405 was last sold on June 1, 2017 for $14,350,000. Local nearby listings include 516 N Bronson Ave, 309 N Arden Blvd and 412 N Irving Blvd. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 5700 Melrose Ave #405 Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5700 Melrose Ave #405

Public county record property details

Beds: 2
Baths: 2
Year built: 2008
Sq. Ft.: 1,120
Lot Size: 18,929
Stories: --

Type: Condominium Unit (Residential)
Pool: No
Spa: No
County: Los Angeles
Lot#: 1
APN: 5523-012-048

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,299,000

Median List Price/Sq.Ft.

$666

Median Sold Price

$1,089,000

Median Sold Price/Sq.Ft.

$642

Total Inventory

Median Sale to List Price %

90.83%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (25%), Other (0%)

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