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Pet Friendly
Location
5940 Melrose Avenue #3, Los Angeles, California 90038, United States|Greater Wilshire
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Amenities for 5940 Melrose Avenue #3, Greater Wilshire
Apartment Amenities
| Laminate | Linoleum Vinyl |
Appliances
| Range/Oven | Refrigerator |
Building
| Cats OK | Dogs OK |
| Onsite Laundry | Wall |
Grounds
| Off-Street 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
Dog Policy
Allowed
Cat Policy
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 Avenue #3
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Apartments in Los AngelesGreater Wilshire 5940 Melrose Avenue #3, Los Angeles, California 90038, United States
Apartments in Los AngelesGreater Wilshire 5940 Melrose Avenue #3, Los Angeles, California 90038, United StatesProperty Id: 2240793 Large Studio w/Parking in Melrose District 5920 Melrose Ave Los Angeles, CA 90038 Centrally Located in Hollywood! Minutes to Larchmont Village, West Hollywood, Los Feliz, Santa Monica Blvd, Sunset Strip, 101 freeway,Paramount Pictures Studio Tour. Many restaurants and coffee shops are close by! Property Features: On-site Laundry Rent Controlled Property Parking is $50 if needed Unit Features: Open Kitchen Vinyl flooring Lots of Natural Light Updated bathroom and kitchen Decent amount of storage space For more details on renting this property or similar properties call/text Ernest 323-639-3006 Pierce Real Estate Services CalDRE#02034509 Some Qualifying Information: - Income: Must be at least 2.5x advertised rent - Credit Score: Favorable credit with no collections desired. Cosigners okay as well. 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
- Images available
- There are at least 10 photos of this address
Considerations
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Greater distance from middle schools
- The nearest middle school is farther than 0.5 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 | Condo for rent |
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Rent trends in Greater Wilshire
studio apartments at 5940 Melrose Avenue #3 cost about 11% more than the average rent price for studio apartments in Los Angeles.
Median rents as of Nov 15 2025.
Greater Wilshire
Los Angeles
| Month | Median Rent |
|---|---|
| December 2023 | $1,777 |
| January 2024 | $1,785 |
| February 2024 | $1,695 |
| March 2024 | $1,712 |
| April 2024 | $1,718 |
| May 2024 | $1,750 |
| June 2024 | $1,778 |
| July 2024 | $1,816 |
| August 2024 | $1,848 |
| September 2024 | $1,848 |
| October 2024 | $1,801 |
| November 2024 | $1,814 |
| December 2024 | $1,845 |
| January 2025 | $1,848 |
| February 2025 | $1,815 |
| March 2025 | $1,810 |
| April 2025 | $1,756 |
| May 2025 | $1,745 |
| June 2025 | $1,750 |
| July 2025 | $1,750 |
| August 2025 | $1,736 |
| September 2025 | $1,702 |
| October 2025 | $1,702 |
| November 2025 | $1,713 |
| Month | Median Rent |
|---|---|
| December 2023 | $1,495 |
| January 2024 | $1,496 |
| February 2024 | $1,495 |
| March 2024 | $1,504 |
| April 2024 | $1,495 |
| May 2024 | $1,554 |
| June 2024 | $1,542 |
| July 2024 | $1,528 |
| August 2024 | $1,543 |
| September 2024 | $1,564 |
| October 2024 | $1,573 |
| November 2024 | $1,543 |
| December 2024 | $1,610 |
| January 2025 | $1,662 |
| February 2025 | $1,698 |
| March 2025 | $1,627 |
| April 2025 | $1,529 |
| May 2025 | $1,499 |
| June 2025 | $1,504 |
| July 2025 | $1,503 |
| August 2025 | $1,545 |
| September 2025 | $1,576 |
| October 2025 | $1,595 |
| November 2025 | $1,520 |
Affordability calculator
Can I afford to live at 5940 Melrose Avenue #3?
Bedrooms
StudioRent-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
$67,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $67,800 annually to afford this studio monthly rent price of $1,695.
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 | |||||
|---|---|---|---|---|---|
| 8 months ago | $1,695 | 1 bed | 1 bath | ||
| 9 months ago | $1,650 | Studio | 1 bath | ||
| 2 years ago | $2,195 | 2 bed | 1 bath | ||
| 4 years ago | $1,595 | Studio | 1 bath | ||
| 4 years ago | $1,450 | Studio | 1 bath | ||
| 7 years ago | $1,595 | 1 bed | 1 bath | ||
| 8 years ago | $1,549 | Studio | 1 bath | ||
| 9 years ago | $1,495 | Studio | 1 bath |
Schools near 5940 Melrose Avenue #3
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
Marlton
4000 santo tomas dr
los angeles, CA, 90008
K-12Public
City of Angels
221 s eman ave
los angeles, CA, 90063
K-12Public
B
Charles Leroy Lowman Special Ed & Career Transition Center
12827 saticoy st
north hollywood, CA, 91605
K-12Public
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Internet available near 5940 Melrose Avenue #3
Neighborhood
Greater Wilshire | Los Angeles, CA
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Los Angeles near 5940 Melrose Avenue #3
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 Avenue #3, Los Angeles
Groceries
9/10
At least one grocery store within a few minutes' walk
Shopping
9/10
Variety of shops within a few minutes' walk
Cafes
7/10
Variety of cafés within walking distance
Restaurants
9/10
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 20-minute walk
Parks
7/10
Moderate amount of park space nearby
Nightlife
7/10
Variety of bars within walking distance
Explore the area around 5940 Melrose Avenue #3
Pavilions
727 Vine St
El Super
960 Vine St
Mother's California Market
6677 Santa Monica Blvd
La Brea Kosher Market
410 N La Brea Ave
MGM Fine Foods
360 N La Brea Ave
Sparrow LLC
740 N Cahuenga Blvd
White Shoes Inc
501 Wilcox Ave
Libertine Clothing Company
937 Lillian Way
Zemzoshirt
Dash Boutique Inc
1052 N Cahuenga Blvd
Starbucks
727 Vine St
Yum Yum Donuts
700 Vine St
Frenz Coffee
5770 Melrose Ave
Cafe Gratitude
639 N Larchmont Blvd
Yum Yum Donuts
724 N Highland Ave
Pour Vous
5574 Melrose Ave
Know Where
861 N Las Palmas Ave
Shape House
434 N Larchmont Blvd
The Cat & Fiddle Restaurant & Pub
742 N Highland Ave
Black
6202 Santa Monica Blvd
Pavilions Bakery
727 Vine St
Lo Carb-U Foods
5770 Melrose Ave
Vibe Healthy
6440 Santa Monica Blvd
Levain Bakery-Larchmont Village
227 N Larchmont Blvd
United Pies Inc
131 N June St
Hollywood Recreation Center
De Longpre Park
Robert Burns Park
Formosa Park
Seily Rodriguez Park
Providence
5955 Melrose Ave
Marino Ristorante
6001 Melrose Ave
Marios
6003 Melrose Ave
Inti Restaurant
5870 Melrose Ave
Tere's Mexican Grill
5870 Melrose Ave
Melrose / Wilcox
W Hollywood-Dtwn LA - Avalon Sta via Melrose-Avalon
Melrose / Wilcox
W Hollywood-Dtwn LA - Avalon Sta via Melrose-Avalon
Melrose / Vine
W Hollywood-Dtwn LA - Avalon Sta via Melrose-Avalon
Vine / Melrose
Hllywd Vine Sta - So Bay Galeria via Crenshaw Bl
Rossmore / Melrose
Hllywd Vine Sta - So Bay Galeria via Crenshaw Bl
Glendale
Metrolink Antelope Valley Line, Metrolink Antelope Valley Line, Metrolink Ventura County Line, Metrolink Ventura County Line
Glendale Metrolink Station
Metrolink Antelope Valley Line, Metrolink Ventura County Line
LA Union Station
Metrolink San Bernardino Line, Metrolink Orange County Line, Metrolink Riverside Line, Metrolink 91-Perris Valley Line, Metrolink Antelope Valley Line, Metrolink Riverside Line, Metrolink Ventura County Line, Metrolink Antelope Valley Line, Metrolink Orange County Line, Metrolink 91-Perris Valley Line, Metrolink Ventura County Line, Metrolink San Bernardino Line
L. A. Union Station Metrolink Station
Metrolink 91-Perris Valley Line, Metrolink Antelope Valley Line, Metrolink Orange County Line, Metrolink Riverside Line, Metrolink San Bernardino Line, Metrolink Ventura County Line
Hollywood / Vine
Union Station - North Hollywood, Union Station - North Hollywood
Hollywood / Highland
Union Station - North Hollywood, Union Station - North Hollywood
Hollywood / Western
Union Station - North Hollywood, Union Station - North Hollywood
Wilshire / Western
Union Station - Wilshire / Western, Union Station - Wilshire / Western
Wilshire / Normandie
Union Station - Wilshire / Western, Union Station - Wilshire / Western
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5940 Melrose Avenue, Los Angeles, CA
5940 Melrose Avenue Los Angeles, CA
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Ceiling Fan • High Ceilings • Outdoor Space • On-Site Laundry • Walk-In Closets • Assigned Parking
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