748 N Detroit Street, Los Angeles, California 90046, Los Angeles, 90046 - 5 bed, 6 bath
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Los Angeles, California 90046
This Luxury Contemporary Residence represents a High-Potential Investment Opportunity, listed at $4,600,000—positioned above the $4,342,599 Fair Market Value. While priced at a premium, the property offers a Mint Condition Rating and proven income-producing potential. Featuring a Chef's Kitchen, Resort-Style Pool and Spa, and City Lights Views, this turnkey asset provides immediate flexibility for short or long-term rentals. This is an ideal acquisition for Buy-and-Hold Investors seeking stable cash flow or Owner-Occupants desiring a sophisticated, maintenance-free lifestyle in Melrose Village.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 748 N Detroit Street Subject | $4,600,000* List Price | 5 | 6 | 5,345 | $812 | - |
A 833 N Sierra Bonita Avenue Sold | $4,260,000 | 5 | 6 | 5,141 | $829 | 0.6 mi |
B 820 N Vista Street Sold | $4,500,000 | 5 | 6 | 5,455 | $825 | 0.4 mi |
C 816 N Stanley Avenue Sold | $3,880,000 | 5 | 6 | 5,083 | $763 | 0.7 mi |
D 831 N Spaulding Avenue Sold | $3,675,000 | 5 | 6 | 5,012 | $733 | 0.7 mi |
E 813 N Spaulding Avenue Sold | $3,800,000 | 6 | 7 | 4,926 | $771 | 0.7 mi |
F 726 N Alta Vista Boulevard Sold | $3,390,000 | 5 | 6 | 4,149 | $817 | 0.1 mi |
G 818 N Curson Avenue Active | $4,149,000 List Price | 5 | 6 | 5,175 | $802 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2015 and newly remodeled, this property is in mint condition. It features a high-end chef's kitchen with Thermador appliances, modern spa-inspired bathrooms, and updated systems including smart home automation and integrated audio, requiring zero maintenance.
The property offers a rare turnkey opportunity with a proven history of short and long-term rental income, including optional professional management and the potential for immediate cash flow via an existing tenant.
The private backyard is a standout feature, boasting a pool, spa, covered cabana, and built-in BBQ, all seamlessly connected to the main living area through expansive sliding glass doors.
The newly remodeled kitchen features premium Thermador stainless steel appliances, a six-burner range, and an oversized center island, catering to both luxury living and professional-grade cooking needs.
With a 5,345 sqft home situated on a 6,668 sqft lot, the building footprint is substantial, leaving limited yard space and potentially reducing privacy from neighboring residences.
At a list price of $4.6 million, the property is positioned at the higher end of the Melrose Village market, which may require a longer marketing period to find a buyer seeking this specific luxury-investment hybrid.
Located in the heart of Melrose Village, this newly remodeled contemporary residence blends modern design, functionality, and income-producing potential. Offered fully furnished and turnkey (optional at Seller's discretion), 748 N Detroit Street presents a rare opportunity for both end-users and investors seeking a luxury home with proven short and long-term rental history and optional professional management in place. The property may be delivered with a potential long-term tenant for immediate cash flow or delivered vacant for owner occupancy. Spanning two levels, the home features soaring ceilings, an impressive staircase entry, and an open-concept floor plan designed for seamless indoor-outdoor living. The chef's kitchen is equipped with premium Thermador stainless steel appliances, including a six-burner range, oversized center island with prep sink, built-in microwave, and generous cabinetry and counter space. The main level includes an en-suite guest bedroom ideal for visitors, office, or flex space. Expansive sliding glass doors open the living area to a private resort-style backyard complete with pool, spa, built-in BBQ, covered cabana, and multiple lounge and entertaining areas. Upstairs, the primary suite offers vaulted ceilings, dual walk-in closets, and a private terrace overlooking the grounds. The spa-inspired primary bath features a soaking tub, glass-enclosed shower, and dual vanities. Three additional en-suite bedrooms plus a den/lounge area complete the upper level.Additional amenities include integrated smart home automation, security system, and built-in audio throughout. A rare offering combining luxury lifestyle, flexibility, and strong investment appeal in one of Los Angeles' most sought-after neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 86% |
| Baths | 6.0 | 3.0 | 92% |
| Square foot | 5,345 | 2,272 | 97% |
| Lot Size | 6,668 | 7,029.5 | 45% |
| Price | $4.60M | $2.25M | 95% |
| Price per sq ft | $861 | $951 | 33% |
| Built year | 2015 | 1956 | 87% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 150 | 1% |
May 13, 2026
$4,600,000
Initial Listing
Mar 25, 2016
$2,650,000
Public Record
May 13, 2014
$825,000
Public Record