As a Los Angeles native, I know my way around southern California pretty well. From the Hills of Beverly to the Lake of Silver, I'm pretty knowledgeable of L.A. happenings.
Melrose is a wonderful attraction. The have stores for every style and budget. If your looking to see and be seen Melrose is the place to shop. They have thriftshops galore and a few mainstream apparel stores, like Urban Outfitters. Please, take note: bring your life savings. It's hard to control yourselves with all those enticing finds.
But....Buyer Beware! A lot of these stores are quite shadey, selling $3 items at an obscene markup. Also, parkings a major pain. Be careful parking in residential streets. Meter maids are harsh in these neck of the woods.
Pros: Tourist Spot, See and be seen, Great variety
Cons: Parking, Crowds, Obnoxious people