Until recently, this was the location of (in my opinion) one of the best Banksy street pieces, the 'Out of bed rat'. Sadly that was cut out of the wall a few weeks ago, but it's been quickly replaced with a clever twist - the rat became Pope Ratzinger.

I don't know if this is a Banksy or not, but I haven't heard that he's back in LA... let me know what you think.

update: this has already gone (it lasted 2 days).

artist: ?
location: Melrose, Los Angeles

thanks Zach