Melrose Hill is among the several historic neighborhoods situated in the city of Los Angeles. The site is situated between Korea-town, Little Armenia, and Hollywood and is only a small commodity consisting of 42 homes. It only takes about 10 to 15 minutes to scout the entire neighborhood on foot. As such, it is among the smaller
HPOZ in Los Angeles (not the smallest, as that title goes to Van Buren Place). The region on average sees 2 home sales yearly. This is solely due to the escalating prices of homes situated in the neighborhood, which have been rising ever since 2006. The average price of homes in this area is $600,000. However it has been as high as $1M not too long ago. The tiny neighborhood is an ideal place to find a home for first time buyers.
