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Located in the heart of Melrose Village, this newly remodeled contemporary residence blends modern design, functionality, and income-producing potential. Offered fully furnished and turnkey (optional at Seller's discretion), 748 N Detroit Street presents a rare opportunity for both end-users and investors seeking a luxury home with proven short and long-term rental history and optional professional management in place. The property may be delivered with a potential long-term tenant for immediate cash flow or delivered vacant for owner occupancy. Spanning two levels, the home features soaring ceilings, an impressive staircase entry, and an open-concept floor plan designed for seamless indoor-outdoor living. The chef's kitchen is equipped with premium Thermador stainless steel appliances, including a six-burner range, oversized center island with prep sink, built-in microwave, and generous cabinetry and counter space. The main level includes an en-suite guest bedroom ideal for visitors, office, or flex space. Expansive sliding glass doors open the living area to a private resort-style backyard complete with pool, spa, built-in BBQ, covered cabana, and multiple lounge and entertaining areas. Upstairs, the primary suite offers vaulted ceilings, dual walk-in closets, and a private terrace overlooking the grounds. The spa-inspired primary bath features a soaking tub, glass-enclosed shower, and dual vanities. Three additional en-suite bedrooms plus a den/lounge area complete the upper level.Additional amenities include integrated smart home automation, security system, and built-in audio throughout. A rare offering combining luxury lifestyle, flexibility, and strong investment appeal in one of Los Angeles' most sought-after neighborhoods.