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HELLOCONDO BUYER'S BRIEF

Condos in Melrose Los Angeles, CA

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Star IconWhat to know
  • The largest demographic group in Melrose comprises individuals aged 40 to 44, with potential earnings reaching up to $81,198.
  • This demographic is characterized by a stable population of established professionals.

Market Overview

AVG. DAYS ON MARKET
45
Trending Down29.69% year over year
AVG. SOLD PRICE
$932,000
Trending Down16.22% year over year

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Frequently Asked Questions About Los Angeles, CA

What is it like to live in Melrose, Los Angeles, CA?

Living in Melrose offers a vibrant atmosphere with trendy shops, restaurants, and a strong emphasis on the arts. The area is known for its eclectic culture and is popular among creatives and young professionals seeking a lively urban lifestyle.

Is Melrose, Los Angeles, CA expensive?

Melrose is considered one of the pricier areas in Los Angeles, with a mix of trendy boutiques and restaurants driving up the cost of living. Housing prices are notably high, with both rentals and purchases averaging above the citywide median. The area attracts many due to its fashionable appeal and vibrant atmosphere.

What is the weather of Melrose, Los Angeles, CA?

Melrose experiences a Mediterranean climate characterized by mild, wet winters and hot, dry summers. Average temperatures range from the mid-50s°F in winter to the mid-80s°F in summer, with minimal rainfall mainly occurring from November to March.

How safe is Melrose, Los Angeles, CA?

Melrose is considered a relatively safe area compared to other parts of Los Angeles, though crime can vary by block. According to recent crime statistics, property crime rates are higher than the national average, but violent crime rates are lower. Community engagement and local police visibility contribute to ongoing safety efforts.