The Silver Lake community is home to some of the most famous modern buildings and architectural styles in North America. The homes in the area are some of the oldest in the city, and the rich Latin culture that permeates the area is evident in the decorative style of the buildings. The area is named for the engineer, who was a resident of the area and constructed the local reservoir. The real estate in Silver Lake has attracted many of Hollywood‘s elite, so you’re sure to be in good company when you find the perfect home there.
Silver Lake is adorned with hills that are perfect for a hiking trip or a relaxing picnic with friends. The Silver Lake community is east of Hollywood and a short drive from downtown L.A. The Silver Lake Reservoir is a popular attraction and a beautiful excuse to enjoy the warm weather the city offers. The area is also known for its modern and eclectic music scene, so you’re sure to find an entertaining concert or showcase as often as you like. There are a number of award-winning restaurants and entertaining nightclubs in the area as well. Many of these establishments are close to the quality homes in the area, so you’ll have lots of great options for entertainment when you’re planning a casual night out with friends.
The Silver Lake community if very diverse, and this is reflected in the real estate in the area. Silver Lake is also the site of Walt Disney’s first studio, constructed in the 1930s, which indicates the rich history of the area. The artistic homes and appealing attractions make Silver Lake attractive whether you’re moving alone or with family. The gentrified sections of the area are home to modern condos and ranch-style homes, as well as small businesses such as coffee shops and hair salons for your convenience.
The median home value in Silver Lake is $902,400. Silver Lake home values have gone up 13.3% over the past year and Zillow predicts they will rise 3.1% within the next year.
Foreclosures will be a factor impacting home values in the next several years. In Silver Lake 1.6 homes are foreclosed (per 10,000). This is lower than the Los Angeles value of 2.1 and also lower than the national value of 3.2.