We’re not sure it’s possible to have escaped the 90s without seeing an episode of Melrose Place. You know, the soap opera that featured Heather Locklear, shoulder pads, and denim vests – not to be confused with the sorry excuse for a remake the CW took a stab at in 2009. Seriously, Ashlee Simpson? Okay, rant over.
Though the primetime soap opera made Melrose Avenue famous, the dining, shopping, and entertainment district continues to thrive on its own merit. At the west end of Melrose between La Brea Ave and La Cienega Blvd, dozens of restaurants and boutiques from eclectic to chic give residents the quintessential “Hollywood” experience just steps from their front door.
If you’re thinking about buying or renting a home on Melrose, here are a few perks that may sway you.
1.) It’s centrally located
Living on Melrose in West Hollywood means you’re equally as close to relaxing on the beach in Santa Monica as you are to your office in downtown Los Angeles. The central location makes WeHo a desirable spot for those who like to bop around town.
2.) Melrose Trading Post
This outdoor flea market is a reason in and of itself to move to West Hollywood. The Melrose Trading Post is held every Sunday on the corner of Melrose and Fairfax and features hundreds of local vendors, collectors, and artists. Did I mention the food trucks and live music?
3.) It’s walkable
Melrose has everything you could ask for within walking distance, including coffee shops, boutiques, and restaurants. A walkable neighborhood is one of the top must-haves for today’s homebuyers.
4.) Home values are rising
The median home value in West Hollywood is $647,000, which is an increase of 3.8% over the past year. Zillow predicts they will rise another 0.8% within the next twelve months. This is good news for sellers looking to make a profit!
Appreciating home values, top notch shopping and dining, and a central location make Melrose Avenue a choice spot for the cash savvy gal looking to immerse herself in the SoCal culture.
FYI, for those who’d rather rent, the average two-bedroom apartment along Melrose costs around $2,400 per month.
So ladies, whether you buy or rent, we encourage you to pursue your teenage dream of living on Melrose and making it in Hollywood (give or take the latter). Between the shopping, dining, and opportunities for celeb-sightings, West Hollywood is one move you won’t regret.