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5725 Melrose Ave, Los Angeles, CA 90038
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5725 Melrose Ave Los Angeles, CA 90038

$1,700,000 Sold Price as of 10/09/2018
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$1,700,000 Sold Price as of 10/09/2018 Refinance Your Mortgage
Map preview of 5725 Melrose Ave, Los Angeles, CA 90038

Property Overview: 5725 Melrose Ave Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 6,425 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: JUST REDUCED -- Ideally situated lot. Property is zoned LAC2. Great opportunity to develop this parcel in a desired, central and bustling section of Los Angeles -- situated on Melrose Ave., right off Vine. Lot is currently being used as a parking lot, with some spaces being leased out primarily on a month-to-month basis. UN-PERMITTED STRUCTURE ON THE LOT. Buyers are responsible for obtaining any reports necessary to satisfy themselves. Please refer to the Los Angeles Department of Building and Safety for specific questions and details about building, permit, codes, etc. All information provided is deemed reliable but not guaranteed, buyer(s) & selling agent to do their own due diligence to satisfy themselves of all permits, square footage, records, & any/all information. Motivated seller!!! Property also listed as commercial sale MLS#18-365022

Listed by Lily Gonzalez | BRE #01944991 | RPM Property Mngmt & Realty
Last checked: 7 minutes ago | Last updated: September 18th, 2021 | Source CRMLS | DOM: 50

Home details

Lot Sq. Ft
6,425
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
18365650
City
Los Angeles
County
Los Angeles
Time on Site
1191 days

Property Details for 5725 Melrose Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Parcel Number: 5534036019
View more facts & features

Local Los Angeles Agent

Sale History for 5725 Melrose Ave

Last sold for $1,700,000 on October 9th, 2018

  • March, 2019

  • Mar 7, 2019

    Date

    Sold

    CRMLS: 18365650

    $1,700,000

    Price

  • Sep 10, 2018

    Date

    Active Under Contract

    CRMLS: 18365650

    $2,100,000

    Price

  • Aug 6, 2018

    Date

    Price Change

    CRMLS: 18365650

    $2,100,000

    Price

  • Jul 16, 2018

    Date

    Active

    CRMLS: 18365650

    $2,300,000

    Price

  • October, 2018

  • Oct 9, 2018

    Date

    Sold (Public Records)

    Public Records

    $1,700,000

    Price

  • October, 2018

  • Oct 9, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 5725 Melrose Ave

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $1,734,000 -- --

Home Value Compared to the Market

This property vs the competition

5725 Melrose Ave sold on October 9, 2018 for 100% higher than the current median sold price for the city of Los Angeles which is $1,050,000.

About 5725 Melrose Ave

Detailed summary of property

5725 Melrose Ave is a land that recently sold in Los Angeles, CA 90038. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 6,425 square foot lot. 5725 Melrose Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,700,000. Home in Los Angeles are selling for a median price of $1,050,000 and a median price per square foot of $738. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 100% higher than the current median priced home. Local homes that are currently for sale include 1450 S Orange Grove Ave, 3100 Oakshire Dr and 8692 Franklin Ave. While the average home in Los Angeles, CA is selling in 97 days, 5725 Melrose Ave has a days on market of 50 days. There are currently 3357 homes for sale in the Los Angeles real estate market and 2273 of them are single family homes while 993 of them are condos and 86 are townhomes. For more information on this home for sale at 5725 Melrose Ave 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 5725 Melrose Ave

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
6,400
Lot Size
6,425
Stories
--
Type
Parking Lot
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
5534-036-019

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.
$692
Median Sold Price
$1,110,000
Median Sold Price/Sq.Ft.
$629
Total Inventory
37
Median Sale to List Price %
94.87%
Avg Days on Market
34
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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