5118 Melrose Avenue, Los Angeles, California 90038, Los Angeles, 90038 - 2 bed, 3 bath
Loading property details...
Los Angeles, California 90038
This Modern 4-Story Townhome represents a Strong Value Opportunity, listed at $1,030,000—positioned above the $963,080 Fair Market Value. While priced at a premium, the property offers a turnkey Condition Rating of 3, featuring a gourmet kitchen and a private rooftop deck with panoramic city views. Its prime location in Larchmont Village provides exceptional walkability to Paramount Studios and local dining. This residence is an ideal fit for urban professionals or owner-occupants seeking a sophisticated, low-maintenance lifestyle in the heart of Los Angeles.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5118 Melrose Avenue Subject | $1,030,000 | 2 | 3 | 1,520 | $634 | - |
A 6067 W Studio Court Sold | $980,000 | 3 | 4 | 1,534 | $639 | 0.9 mi |
B 1244 1/2 Gordon Street Sold | $1,183,000 | 3 | 4 | 1,939 | $610 | 0.9 mi |
C 6024 W Beachwood Lane Active | $1,049,000 List Price | 2 | 3 | 1,576 | $666 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2014 (12 years old based on the 2026 listing date), the property falls into the 10-20 year age bracket. The interior is well-maintained and move-in ready, featuring a modern gourmet kitchen with stainless steel appliances, sleek cabinetry, and updated bathrooms with stone countertops and contemporary tiling.
Situated in the highly desirable Larchmont Village area on vibrant Melrose Avenue, the property offers exceptional walkability and proximity to Paramount Studios and top-tier dining.
Built in 2014, this 4-story townhome features a contemporary open-concept design, en-suite bathrooms for both bedrooms, and a flexible downstairs den ideal for a home office or gym.
The expansive private rooftop terrace provides stunning panoramic views of the Los Angeles skyline and hills, offering a premium outdoor space for entertaining and relaxation.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 1001, living area = 1520.
The 4-story configuration requires navigating multiple flights of stairs daily, which may be a challenge for buyers with mobility concerns or those seeking a more traditional single-level flow.
Being located directly on Melrose Avenue, the property is subject to significant street noise and urban congestion, which may impact the tranquility of the living environment.
Beautiful, upscale, modern 4-story townhome in the heart of the desirable Larchmont Village area, perfectly located on vibrant Melrose Ave. This elegant and cozy 2-bedroom, 2.5-bath home with an additional den features a fantastic open-concept floor plan designed for comfortable living. The bright living area flows into a gourmet kitchen that includes stainless steel appliances, sleek cabinetry, and a spacious center island ideal for entertaining. Both bedrooms have en-suite bathrooms, ensuring privacy and comfort. Enjoy breathtaking views of Los Angeles from the private rooftop deck, which is perfect for relaxing or hosting guests. The versatile downstairs den works well as a home office, media room, fitness space, or recreation room. Additional highlights include an in-unit washer and dryer, a spacious 2-car garage with ample storage, and direct access. This home is ideally located just minutes from Paramount Studios, Larchmont Village, and some of the best restaurants, cafes, and nightlife in Los Angeles. This stylish and sophisticated residence perfectly combines luxury, comfort, and city living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 14% |
| Baths | 3.0 | 4.0 | 38% |
| Square foot | 1,520 | 2,060 | 14% |
| Lot Size | 1,001 | 1,814 | 10% |
| Price | $1.03M | $1.21M | 14% |
| Price per sq ft | $678 | $613 | 57% |
| Built year | 2014 | 2014 | 50% |
| HOA | $251.0 | $0 | 81% |
| Days on market | 33 | 208 | 10% |
May 14, 2026
$1,030,000
Initial Listing
Jan 12, 2018
$899,000
Public Record
Feb 26, 2015
$738,000
Public Record