5818 Melrose Ave Los Angeles, CA 90038

$--

-- Beds
-- Baths
2,893 Sq.Ft.

Off Market

Map preview of 5818 Melrose Ave, Los Angeles, CA 90038

Property Overview: 5818 Melrose Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 2,893 living square feet and 7,108 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

5818 Melrose Ave 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.

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote

Local Los Angeles Agent

Sale History for 5818 Melrose Ave

Last sold on August 21st, 2017

May, 2020
May 7, 2020

Date

Expired

CRMLS: PW19260226

$50,000

Price
Mar 10, 2020

Date

Price Change

CRMLS: PW19260226

$50,000

Price
Jan 28, 2020

Date

Price Change

CRMLS: PW19260226

$100,000

Price
Dec 4, 2019

Date

Price Change

CRMLS: PW19260226

$150,000

Price
Nov 7, 2019

Date

Active

CRMLS: PW19260226

$250,000

Price
Listing provided courtesy of CRMLS

*Huge Price Reduction for Quick Sale!!!* Perfect Location! Newly Remodeled! Beer & Wine License! Over 3,000 sq ft! Perfect for Chefs, take over the business and start your own restaurant with all these state of the art kitchen equipment! Omakase Teriyaki, 5820 Melrose Avenue in Los Angeles, was acquired for $ 160,000 and remodeled for $ 620,000. The kitchen, interior, plumbing, and electricity are all renovated. The kitchen is fully furnished and equipped with the latest kitchen appliances, such as Winston CVAP and Infrared Steakhouse Broilers. The business can be easily switched to another business, and the business has beer and wine licenses. Great location on Melrose Ave and near Paramount Picture, Hollywood, famous shop & Restaurants. Owner has spent more than $620,000 for Interior & exterior remodel including electrical and plumbing and New Kitchen Equipment.

Continue Reading
August, 2017
Aug 21, 2017

Date

Sold (Public Records)

Public Records

--

Price
April, 2017
Apr 6, 2017

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 5818 Melrose Ave

Assessed Value (2020): $651,970

Year	Land Value	Improved Value	Assessed Value
2020	$378,883	$273,087	$651,970

About 5818 Melrose Ave

Detailed summary of property

5818 Melrose Ave is categorized with a use code of Community: Shopping Plaza, Shopping Center, Mini-Mall in Los Angeles, CA 90038 and is currently off market. This property has -- bedrooms, -- bathrooms, roughly 2,893 living square feet, and sits on an approximately 7,108 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. Local nearby listings include 414 N Beachwood Dr, 300 N Gower St and 326 N Beachwood Dr. 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 5818 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 5818 Melrose Ave

Public county record property details

Beds: --
Baths: --
Year built: 1988
Sq. Ft.: 2,893
Lot Size: 7,108
Stories: 1

Type: Community: Shopping Plaza, Shopping Center, Mini-Mall
Pool: No
Spa: No
County: Los Angeles
Lot#: 23,24
APN: 5523-007-022

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%)

Thinking of Selling?

Is this your property?
Thinking of Selling?
Call, Text or Message

(714) 706-1823

Refinance your Current Mortgage and Save Save $

You could be saving money by taking advantage of a lower rate and reducing your monthly payment. See what current rates are at and get a free no-obligation quote on today's refinance rates.

Get Free Quote