1 Day Ago
Location
5940 Melrose Ave #5, Los Angeles, CA 90038, USA|Greater Wilshire
Tour 5940 Melrose Ave #5
Contact
Ernest
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Property Overview
Modern townhome-style condo in Hancock Park with an open-concept layout, in-unit laundry, and direct-access two-car garage offers convenient, low-maintenance living near studios, dining, and Melrose attractions. Great for buyers seeking a contemporary space with strong walkability, easy commuting, and proximity to entertainment and employment hubs. Notable features include multiple outdoor areas, stylish finishes, and a layout that supports both work-from-home and entertaining.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Extra Storage
Great for
Pet owners
Amenities for 5940 Melrose Ave #5, Greater Wilshire
Apartment Amenities
| Hardwood Floor |
Building
| Dogs OK |
Grounds
| Assigned Parking | Storage |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Dog Policy
Allowed
Cat Policy
Not allowed
Contact for more information on pet policy.
Questions about this property’s policies and fees?
Building details
Property details
| Lease terms | 12+ months |
|---|
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About 5940 Melrose Ave #5
Sweet deal!
This listing is 30% below the median price for 2 bedroom apartments in Greater Wilshire.
2 Bed 1 bath apartment located near Melrose Ave Los Angeles, CA Vinyl flooring Great storage Parking is $50 monthly Deposit is one month based on approved credit move they should be within 20 days or less an income two and a half times the monthly rent amount to qualify. No evictions foreclosures or bankruptcies allowed. 1 parking space tenants pay utilities. Unit is unfurnished. Virtual tours available by request and in-person tour available by appointment only between 10:30 a.m. and 6:00 p.m. varies based on availability. Ernest 323.639.3006 Pierce Real Estate Services CalDRE#02034509 Equal Housing Opportunity
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 5940 Melrose Avenue, Los Angeles, CA 90038, USA compares to other nearby properties.
Positives
- Less expensive
- Some rentals at this address are cheaper than similar listings nearby
- Extra Storage
- Upgraded in-unit features
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Greater distance from grade schools
- The nearest elementary school is farther than 0.4 mile away
Address details
| Neighborhood | Greater Wilshire |
|---|---|
| Zip code | 90038 |
| Type | Apartment for rent |
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Rent trends in Greater Wilshire
2-bedroom apartments at 5940 Melrose Ave #5 cost about 30% less than the average rent price for 2-bedroom apartments in Los Angeles.
Median rents as of Jun 6 2026.
Greater Wilshire
Los Angeles
| Month | Median Rent |
|---|---|
| June 2024 | $3,337 |
| July 2024 | $3,299 |
| August 2024 | $3,346 |
| September 2024 | $3,400 |
| October 2024 | $3,453 |
| November 2024 | $3,739 |
| December 2024 | $3,739 |
| January 2025 | $3,601 |
| February 2025 | $3,377 |
| March 2025 | $3,198 |
| April 2025 | $3,142 |
| May 2025 | $3,145 |
| June 2025 | $3,188 |
| July 2025 | $3,192 |
| August 2025 | $3,172 |
| September 2025 | $3,135 |
| October 2025 | $3,096 |
| November 2025 | $3,089 |
| December 2025 | $3,118 |
| January 2026 | $3,140 |
| February 2026 | $3,155 |
| March 2026 | $3,103 |
| April 2026 | $3,034 |
| May 2026 | $2,995 |
| June 2026 | $2,964 |
| Month | Median Rent |
|---|---|
| June 2024 | $3,237 |
| July 2024 | $3,240 |
| August 2024 | $3,200 |
| September 2024 | $3,130 |
| October 2024 | $3,171 |
| November 2024 | $3,537 |
| December 2024 | $3,705 |
| January 2025 | $3,490 |
| February 2025 | $3,464 |
| March 2025 | $3,366 |
| April 2025 | $3,336 |
| May 2025 | $3,345 |
| June 2025 | $3,501 |
| July 2025 | $3,563 |
| August 2025 | $3,460 |
| September 2025 | $3,376 |
| October 2025 | $3,417 |
| November 2025 | $3,335 |
| December 2025 | $3,380 |
| January 2026 | $3,516 |
| February 2026 | $3,473 |
| March 2026 | $3,282 |
| April 2026 | $3,257 |
| May 2026 | $3,196 |
| June 2026 | $3,158 |
Affordability calculator
Can I afford to live at 5940 Melrose Ave #5?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$87,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $87,800 annually to afford this 2-bedrooms monthly rent price of $2,195.
For more information on rent affordability, visit our rent calculator.
Rent history
The increase or decrease in monthly rent compared to the previous listing price.| Bath | |||||
|---|---|---|---|---|---|
| 6 months ago | $1,695 | Studio | 1 bath | ||
| 1 year ago | $1,695 | 1 bed | 1 bath | ||
| 1 year ago | $1,650 | Studio | 1 bath | ||
| 2 years ago | $2,195 | 2 bed | 1 bath | ||
| 4 years ago | $1,595 | Studio | 1 bath | ||
| 5 years ago | $1,450 | Studio | 1 bath | ||
| 8 years ago | $1,595 | 1 bed | 1 bath | ||
| 9 years ago | $1,549 | Studio | 1 bath | ||
| 9 years ago | $1,495 | Studio | 1 bath |
Schools near 5940 Melrose Ave #5
Third Street Elementary School
201 s june st
los angeles, CA, 90004
K-5Public
A
Sophia T. Salvin Special Education Center
1925 budlong ave
los angeles, CA, 90007
K-10Public
Computer Science Virtual Academy
333 s beaudry ave 11th floor
los angeles, CA, 90017
K-12Public
Leadership & Public Service Virtual Academy
333 s beaudry ave 11th floor
los angeles, CA, 90017
K-12Public
STEAM Virtual Academy
333 s beaudry ave 11th fl
los angeles, CA, 90017
K-12Public
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Internet available near 5940 Melrose Ave #5
Neighborhood
Greater Wilshire | Los Angeles, CA
Getting around Los Angeles near 5940 Melrose Ave #5
Walking
8/10
No car? No problem. Everything you need is within a few blocks.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
6/10
Popular public transit options are just a short walk from this location.
Points of interest for 5940 Melrose Ave #5, Los Angeles
Groceries
10/10
At least one supermarket within a 5-minute walk
Shopping
9/10
Exceptional variety of shops within a few minutes’ walk
Cafes
8/10
Several cafés within a few minutes’ walk
Restaurants
9/10
Exceptional variety of restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
7/10
At least one high school within a 15-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
7/10
Several bars within a few minutes’ walk
Other units at this address
5940 Melrose Avenue, Los Angeles, CA
5940 Melrose Avenue Los Angeles, CA
Occupied
Los Angele
Studio
1 Bath
$1,450
On-Site Laundry
Occupied
Studio, 1 Bath
Studio
1 Bath
$1,495
Assigned Parking • Walk-In Closets • Ceiling Fan • Hardwood Floor
Occupied
Los Angele
Studio
1 Bath
$1,595
On-Site Laundry
Occupied
Los Angele
Studio
1 Bath
$1,595
Hardwood Floor • On-Site Laundry
Occupied
3
Studio
1 Bath
$1,695
On-Site Laundry
Occupied
1 Bed, 1 Bath
1 Bed
1 Bath
$1,595
On-Site Laundry
Occupied
6
2 Beds
1 Bath
$2,195
High Ceilings • Ceiling Fan • Assigned Parking • Hardwood Floor • Walk-In Closets • Outdoor Space
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